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4450 Deerhound Dr Land O Lakes, FL 34639

4 Beds 3 Baths 2,532 sqft Built 2017

$469,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $185.58
  • 2 Days on Market
  • MLS # : T3284044
  • Updated Date : 01/10/2021 at 00:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,532 sqft
  • Baths : 3 full
Listing Agent

Kennard Realty Group, Inc

Listing Agent's Description

BEAUTIFUL AND CUSTOM BUILT HOME BY ROTUNDA HOMES. THIS LOVELY 2017 BUILT HOME SITS ON 1.04 ACRES OF SCENIC LAND WITH OAK TREES AND PARTIALLY FENCED YARD. THE HOME HAS 2532 SQUARE FEET (PER BUILDER) 4 BEDROOMS, DEN AREA, 3 BATHROOMS AND 3 CAR GARAGE. WOOD-LOOK CERAMIC TILE PLANKING THROUGHOUT WITH CARPET IN THE 4 BEDROOMS. YOU WILL FIND CROWN MOLDING GENEROUSLY INSTALLED IN MOST OF THE HOME, DOUBLE 8 FOOT LEADED GLASS FRONT DOORS,DOUBLE TREY CEILING IN THE FAMILY ROOM, WOOD TRIMMED WINDOWS THROUGHOUT THE HOME AND CEILING FANS LOCATED IN ALL BEDROOMS, FAMILY ROOM, DINING ROOM, DEN AREA AND PATIO. THE GOURMET STYLE KITCHEN OFFERS GRANITE COUNTERS, PULL OUT DRAWERS, STAINLESS STEEL APPLIANCES, WOOD SHAKER STYLE CABINETS WITH CROWN MOLDING, TASTEFUL BACKSPLASH AND WALK-IN BUTLER STYLE PANTRY. THERE IS A SOLAR SHIELD INSTALLED DURING THE CONSTRUCTION OF THE HOME THAT ASSISTS WITH LOWER ELECTRIC COSTS, INSULATED WINDOWS AND DOORS AND THE HOME IS WELL INSULATED. THE MASTER SUITE OFFERS 2 WALK-IN CLOSETS, CEILING FAN, MASTER BATH INCLUDING WALK-IN SHOWER, GARDEN TUB, DUAL VANITY AREAS WITH QUARTZ COUNTERS. THE LARGE 2ND BEDROOM CAN BE USED AS AN GAME ROOM OR IN-LAW SUITE. IT FEATURES A FULL BATH WITH WALK-IN SHOWER, CLOSET AND IS SEPARATED FROM THE MAIN AREAS OF THE HOME. THIS TRI-SPLIT FLOORPLAN OFFERS THE 2 REMAINING BEDROOMS SPLIT BY A FULL BATH WITH QUARTZ COUNTER. THIS GORGEOUS HOME, WITH NEUTRAL COLORS THROUGHOUT, IS ON COUNTY WATER, SEPTIC DRAIN SYSTEM, 2X10 YEAR WARRANTY, NO HOA FEES, NO CDD's AND SHOWS LIKE NEW. (SOME PICTURES HAVE BEEN VIRTUALLY STAGED)

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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

Zip Code: 34639

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Zip Code: 34639

ZipNIR 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
Connerton Elementary School Primary Regular 973 73 4
Pine View Middle School Middle Regular 924 58 6
Land O' Lakes High School High Magnet 1,700 100 8

Connerton Elementary School

  • Education Level: Primary
  • # of students: 973
  • # of teachers: 73
4
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
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,632
Property Tax -$520
Property Insurance -$184
Property Management Fees -$129
CASH FLOW
-$205

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.

$469,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.0%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$17,630

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8003$1,9004$2,0005$2,260
$2,260
RENT COMPS ANALYSIS
  • 4450 Deerhound Dr Land O Lakes, FL 5
    • 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.89
    •  
  • 5650 Sweet William Ter Land O Lakes, FL 1
    • 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2008
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.70
    •  
  • 22158 Weeks Blvd Land O Lakes, FL 2
    • 3 beds 3 baths ∙ 2,484 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,484 Sqft ∙ Built 2007
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
  • 5810 Candytuft Pl Land O Lakes, FL 3
    • 4 beds 3 baths ∙ 2,665 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,665 Sqft ∙ Built 2006
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.71
    •  
  • 22625 Eagles Watch Dr Land O Lakes, FL 4
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2003
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
PROPERTY LISTING DETAILS
Alan Gaddie
1.813.909.7100
Kennard Realty Group, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284044
Last Updated: 01/10/2021
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