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3819 Briarbrook Pl Land O Lakes, FL 34639

3 Beds 2 Baths 1,393 sqft Built 1986

$215,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $154.34
  • 4 Days on Market
  • MLS # : T3276954
  • Updated Date : 11/20/2020 at 18:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,393 sqft
  • Baths : 2 full
Listing Agent

Julie Ann Cindric

Listing Agent's Description

Nestled in a quiet setting, this 3 bed/2 bah home feaatures plenty of room to roam, inside and out. Oversized windows let the sun shine in. The open floorplan makes enertaining a breeeze. Wiith plenty of room, storage and counter space, there can't be too many cooks in the kitchen. The Master bedroom features an en-suite bath, walk-in closet and ceilng fan to keep you cool on those warm Summer nights. The other 2 bedrooms have good sized closets and have easy access to a shared bath. Out back is a large backyard, shaded by mature trees and plenty of space to let your green thumb and imagination go wild. Don't let this home pass you by!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Lake Padgett Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Lake Padgett Estates East

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
Pine View Elementary School Primary Regular 653 48 6
Pine View Middle School Middle Regular 924 58 6
Land O' Lakes High School High Magnet 1,700 100 8

Pine View Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 48
6
GreatSchools Rating

Pine View Middle School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 58
6
GreatSchools Rating

Land O' Lakes High School

  • Education Level: High
  • # of students: 1,700
  • # of teachers: 100
8
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$793
Property Tax -$237
Property Insurance -$117
HOA -$42
Property Management Fees -$80
CASH FLOW
$110

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.

$215,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 8.1%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$31,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,383

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,075
1$1,0752$1,3803$1,4754$1,6005$1,685
$1,685
RENT COMPS ANALYSIS
  • 3819 Briarbrook Pl Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.99
    •  
  • 22786 Penny Loop Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1984
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $1.00
    •  
  • 3043 Aernal Ct Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 2000
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.99
    •  
  • 3425 Canteen Ct Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1999
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 22727 Sills Loop Land O Lakes, FL 5
    • 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 1997
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.97
    •  
PROPERTY LISTING DETAILS
Julie Cindric
1.813.368.2898
Julie Ann Cindric
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276954
Last Updated: 11/20/2020
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