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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakstead
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
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
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- Rent
- Rent Per SQFT
- $1,780
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19520 Ardwick Way Land O Lakes, FL 1
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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
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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
1.813.480.3619
Dalton Wade, Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3283791
Last Updated: 01/08/2021
