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3750 Seven Seas Ave Land O Lakes, FL 34638

4 Beds 3 Baths 2,441 sqft Built 2014

$345,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $141.34
  • 2 Days on Market
  • MLS # : U8111071
  • Updated Date : 01/30/2021 at 21:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,441 sqft
  • Baths : 2 full , 1 half
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

This gorgeous executive home in desirable Concord Station features 4 bedrooms, 2.5 baths, and a 2 car garage situated on a beautiful oversized lot. The gourmet kitchen has stainless steel appliances, granite counter tops, and raised panel cabinets. Downstairs are the formal living room and dining room, large family room, powder bath, breakfast room and walk-in pantry adjacent to the kitchen. Dual sliders from the breakfast room and family room lead to a fabulous, large covered screened lanai (462 sf) overlooking the beautifully landscaped fenced back yard, which is perfect for entertaining. Upstairs features 4 spacious bedrooms; the large master suite has a walk-in closet with custom shelving and ensuite bath with garden tub and separate shower and dual sinks; the 2nd bedroom is also generously sized and is currently being used as a home office but would also make a wonderful playroom or media room. Also upstairs is a full guest bath and convenient laundry room. This home has been upgraded with gorgeous custom mouldings, and the exterior was freshly painted in 2021. There are hurricane shutters, full irrigation system, pest tubes in exterior walls, 15.2 SEER HVAC, and a hybrid hot water heater. Low HOA of $170/year gives access to the recreation center with large heated swimming pool/spa, playground, basketball and tennis courts, and beautiful community clubhouse complete with fitness center. A-rated schools and super convenient location!

SEE MORE

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: 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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,198
Property Tax -$616
Property Insurance -$178
HOA -$14
Property Management Fees -$129
CASH FLOW
-$175

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.

$345,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.57%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,124

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$2,0503$2,1004$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 3750 Seven Seas Ave Land O Lakes, FL 1
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.80
    •  
  • 3422 Tarbolton Way Land O Lakes, FL 2
    • 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,478 Sqft ∙ Built 2006
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
  • 18761 Burndall Ct Land O Lakes, FL 3
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2011
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 18398 Aylesbury Ln Land O Lakes, FL 4
    • 4 beds 4 baths ∙ 2,562 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,562 Sqft ∙ Built 2015
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 3715 Tuckerton Dr Land O Lakes, FL 5
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2014
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.93
    •  
PROPERTY LISTING DETAILS
Patti Reimer
1.727.687.7411
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111071
Last Updated: 01/30/2021
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