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34717 Heavenly Ln Dade City, FL 33525

4 Beds 3 Baths 2,632 sqft Built 2014

$435,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $165.27
  • 3 Days on Market
  • MLS # : T3290019
  • Updated Date : 02/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,632 sqft
  • Baths : 3 full
Listing Agent

Exit Bayshore Realty

Listing Agent's Description

Newer 2014 home on quiet cul-de-sac with gorgeous stained glass entry and great curb appeal in wonderful Lake Jovita. Devonshire model by Inland Homes, known for their green building features. Four bedrooms plus office, three full baths, separate living room and dining room, plus large kitchen and family room combo with ceiling fans throughout. Entire home has 17” tile in living areas and wood-look plank tile in bedrooms. Functional kitchen has tall wood cabinets, huge granite island and stainless steel appliances. An expansive view of park from screened porch with travertine pavers, pergola and lush landscaping. This house is bright and cheerful, great for entertaining! Master suite has dual vanities, huge walk-in closet with custom shelving. Super low electric bill due to radiant heat barrier, which keeps attic space much cooler and creates less load on A/C system, plus three thermostat zones. NO CDD and low $75/month HOA fee that includes 24-hour guard gated security and lush common area landscaping and upkeep. An upscale community with two excellent 18-hole golf courses, fine dining at clubhouse, community pool, tennis courts, fitness trail, children’s playground, pickle ball courts, and gated dog run. This is a must see! Commission is offered to the realtor who brings the buyer.

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MARKET HIGHLIGHTS

  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)

PRICE & RENT TRENDS

Neighborhood: Lake Jovita Golf and Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $71k405k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Lake Jovita Golf and Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28001000120014001600180020002200Rent in $7372220

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
San Antonio Elementary School Primary Regular 625 48 4
Pasco Middle School Middle Regular 916 67 3
Pasco High School High Regular 1,595 93 4

San Antonio Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 48
4
GreatSchools Rating

Pasco Middle School

  • Education Level: Middle
  • # of students: 916
  • # of teachers: 67
3
GreatSchools Rating

Pasco High School

  • Education Level: High
  • # of students: 1,595
  • # of teachers: 93
4
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,511
Property Tax -$475
Property Insurance -$190
HOA -$25
Property Management Fees -$129
CASH FLOW
-$20

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$435,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$30,364

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,310

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,264

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,1003$2,3104$2,500
$2,500
RENT COMPS ANALYSIS
  • 34717 Heavenly Ln Dade City, FL 3
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.88
    •  
  • 12246 Woodlands Cir Dade City, FL 1
    • 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2002
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 12350 Woodlands Cir Dade City, FL 2
    • 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 2002
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 13704 Carryback Dr Dade City, FL 4
    • 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008
    property image
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
PROPERTY LISTING DETAILS
Justin Hubbard
1.813.546.3726
Exit Bayshore Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3290019
Last Updated: 02/13/2021
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