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3512 Gerrads Cross Ct Land O Lakes, FL 34638

3 Beds 2 Baths 1,672 sqft Built 2010

$284,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $170.39
  • 4 Days on Market
  • MLS # : T3284832
  • Updated Date : 01/16/2021 at 19:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,672 sqft
  • Baths : 2 full
Listing Agent

You First Realty And Assoc Llc

Listing Agent's Description

Model home for sale!! Check out this 3 bedroom 2 bathroom house for sale in the highly desirable Concord Station. High ceilings though out the house along with New ceiling fixtures, recessed lighting, Granite countertops in the kitchen with 42" Cabinets. which is A upgrade with the new home builder.The master bathroom has two sinks and granite counter-tops. Home offers a open floor plan and a HUGH Kitchen and eating space. The bedrooms are split up perfect so everyone can have their own space. You have 2 bedrooms and 1 bathroom to the back right of the house and the master Bedroom tucked away in the back left of the house. NO CARPET IN THE HOUSE !!! You have beautiful Laminate flooring throughout the house and in all of the bedrooms and Tile flooring in the Kitchen and Bathrooms. Roof is only 10 years old, A/C is 10 years old,New Interior Paint 2019,Newer Stainless steel Appliances (WASHER AND DRYER INCLUDED) along with the Camera System. The yard is fully fenced in and is perfect for entertaining guest for those summer BBQs or family gatherings. This house is perfectly placed in the middle of the yard which gives you room for privacy. House is close to shopping centers,Publix,Veterans expressway,I-75,Tampa outlet mall and much more. Make your appointment to view this beauty before it’s gone !!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Concord Station

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k487k

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

Neighborhood: Concord Station

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Oakstead Elementary School Primary Regular 1,164 79 9
Charles S. Rushe Middle School Middle Regular 1,325 74 7
Sunlake High School High Regular 1,740 95 8

Oakstead Elementary School

  • Education Level: Primary
  • # of students: 1,164
  • # of teachers: 79
9
GreatSchools Rating

Charles S. Rushe Middle School

  • Education Level: Middle
  • # of students: 1,325
  • # of teachers: 74
7
GreatSchools Rating

Sunlake High School

  • Education Level: High
  • # of students: 1,740
  • # of teachers: 95
8
GreatSchools Rating
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$990
Property Tax -$508
Property Insurance -$133
HOA -$14
Property Management Fees -$129
CASH FLOW
-$105

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.

$284,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.4%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,693

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,7003$1,7504$1,7955$1,835
$1,835
RENT COMPS ANALYSIS
  • 3512 Gerrads Cross Ct Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.00
    •  
  • 3220 Gianna Way Land O Lakes, FL 2
    • 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2005
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 18216 Atherstone Trl Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2012
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 3356 Rennes Ct Land O Lakes, FL 4
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 2006
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
  • 3217 Downan Point Dr Land O Lakes, FL 5
    • 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2005
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $1.01
    •  
PROPERTY LISTING DETAILS
Ramez Lahham
1.813.458.6686
You First Realty And Assoc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284832
Last Updated: 01/16/2021
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