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3617 Golden Eagle Dr Land O Lakes, FL 34639

3 Beds 2 Baths 1,620 sqft Built 1999

$274,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $169.69
  • 3 Days on Market
  • MLS # : U8103902
  • Updated Date : 11/06/2020 at 11:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

STUNNING CONSERVATION, POND VIEW LOCATED IN A QUIET FAMILY FRIENDLY NEIGHBORHOOD THIS 3 BED, 2 BATH,2 CAR GARAGE HOME IS MOVE-IN READY. located in the highly desired neighborhood of Stagecoach Village. This community features NO CDD, low HOA. Amenities include a community pool & spa, clubhouse, entertainment center, fitness center, volleyball & basketball courts, dog run, playground & walking paths. The master bedroom has a spacious master en suite with dual sinks and walk-in closet. The laundry room is located inside of the home for your convenience. The split floor plan includes a combination dining room and family room for easy comfort and relaxation. The master bedroom at the back has slider access to the screened lanai. The master bath has separate shower and dual sinks and walk-in clothes closet. The second bath has a tub shower combination. The screened lanai provides the perfect spot to relax and enjoy nature at its best.

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: Stagecoach Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Stagecoach Village

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
Denham Oaks Elementary School Primary Regular 703 53 7
Cypress Creek Middle High School Middle Regular NA
Cypress Creek Middle High School High Regular NA

Denham Oaks Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 53
7
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,014
Property Tax -$304
Property Insurance -$130
HOA -$58
Property Management Fees -$80
CASH FLOW
-$67

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.

$274,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$17,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,515

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5953$1,6454$1,7155$1,725
$1,725
RENT COMPS ANALYSIS
  • 3617 Golden Eagle Dr Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.94
    •  
  • 3517 Golden Eagle Dr Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1999
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.90
    •  
  • 24815 Gun Smoke Dr Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1999
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.92
    •  
  • 3441 Canteen Ct Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1999
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $0.96
    •  
  • 25145 Seven Rivers Cir Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1998
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.96
    •  
PROPERTY LISTING DETAILS
Mark Longenecker
1.727.846.3025
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103902
Last Updated: 11/06/2020
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