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4009 Fieldgreen Land O Lakes, FL 34639

3 Beds 2 Baths 1,672 sqft Built 1974

$289,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $173.39
  • 2 Days on Market
  • MLS # : W7829930
  • Updated Date : 01/17/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,672 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Wonderful 3 bedroom, 2 bathroom, single story home in Land O Lakes. Upon arriving at this home, you are welcomed into a foyer that leads to a living room/dining room combo with tile floors. The kitchen is equipped with a closet pantry, ample cabinet and counter space, stainless steel appliances and a breakfast bar. Overlooking the kitchen is the family room with tile floors and sliding doors that leads to the outdoor living space. The primary bedroom features tile floors, large walk-in closet, and an en suite bathroom with a tiled walk-in shower. Outside, you can relax on your open concrete patio while admiring the large fully fenced backyard. Located in Land O Lakes, this home is convenient to shops, restaurants, and I-75 for an easy commute to Tampa and surrounding areas.

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
 

$260,910$318,890$289,900

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 -$1,007
Property Tax -$320
Property Insurance -$133
HOA -$42
Property Management Fees -$129
CASH FLOW
-$111

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.

$289,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.52%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,094

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
  • $0.91

    LIST RENT PER SQFT
  • $1,526

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,6503$1,6654$1,6755$1,795
$1,795
RENT COMPS ANALYSIS
  • 4009 Fieldgreen Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.91
    •  
  • 4744 Burlington Rd Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1990
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 4715 Canterbury Dr Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1987
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.91
    •  
  • 3816 Fieldflower Ct Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1974
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.91
    •  
  • 22373 Stillwood Dr Land O Lakes, FL 5
    • 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1987
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829930
Last Updated: 01/17/2021
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