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4423 Beaumaris Dr Land O Lakes, FL 34638

4 Beds 2 Baths 1,956 sqft Built 2003

$299,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $153.32
  • 4 Days on Market
  • MLS # : T3283791
  • Updated Date : 01/08/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,956 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Completely renovated 4bed/2bath home, with all the works - in the fabulous, well kept gated community of Oakstead in Land O'Lakes! As you drive up to the home you notice the nicely paved driveway & can't help but appreciate this tastefully painted manicured home , with modern light fixtures. As soon as you enter the home you are greeted by the expansive great room with large windows that invite in tons of natural light. The kitchen is beautifully renovated with new white cabinets, luxury quartz countertops, zero radius (square) 16 gauge stainless steel sink, and stainless steel appliances. The master bedroom is spacious with walk-in closet and a luxurious master bathroom with his and hers vanities w/ granite countertops & a HUGE spa like shower with 4 shower heads! The other 3 good sized rooms share a bathroom with updated vanity and fixtures. The kitchen overlooks the family room with sliding glass doors overlooking the large private backyard. Natural light just pours into the home. The community is loaded with amenities including a clubhouse, fitness center, swimming pools, tennis courts, basketball court, sand volleyball court, playground, park area and walking trails. Conveniently located near the Suncoast Parkway, US-54, US-41, I-275, and I-75 with easy commuting to Downtown Tampa, Clearwater, St. Pete, Beaches, and more. Moments away from an abundance of shopping - The Shops at Wiregrass & The Tampa Premium Outlet Mall, restaurants, Publix, & gyms. This is a fantastic place to call home!

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: Oakstead

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Oakstead

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,042
Property Tax -$497
Property Insurance -$150
HOA -$5
Property Management Fees -$129
CASH FLOW
-$42

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.

$299,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.8%
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$14k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,780

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7803$1,8004$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 4423 Beaumaris Dr Land O Lakes, FL 2
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.91
    •  
  • 19520 Ardwick Way Land O Lakes, FL 1
    • 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 2002
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 18832 Hampstead Heath Ct Land O Lakes, FL 3
    • 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 2015
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 4301 Marchmont Blvd Land O Lakes, FL 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 3704 Lockridge Dr Land O Lakes, FL 5
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2003
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
PROPERTY LISTING DETAILS
Osmary Aguilar
1.813.480.3619
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283791
Last Updated: 01/08/2021
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