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4730 Stoneview Cir Oldsmar, FL 34677

4 Beds 3 Baths 2,540 sqft Built 1994

$499,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $196.46
  • 24 Days on Market
  • MLS # : U8101048
  • Updated Date : 11/01/2020 at 14:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,540 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Impeccable home in the sought after gated community of East lake Woodlands. It is one of the most desirable resort style gated communities in the area with private security and endless amenities including 2 private golf courses, pool, tennis, and beautiful walking paths. This home is stunning with a Tranquil conservation view. A HEATED SALTWATER POOL with a WATERFALL and an amazing conservation setting with NO REAR neighbors! The extensive use of pavers and mature landscaping makes this your own personal haven. This home has a Family room kitchen combo that will make for amazing family time. You are greeted with a grand entrance to the home with the double doors that lead to the foyer. Lovely fixtures throughout. The kitchen has granite countertop and newer appliances not to mention a lot of cabinets. Owner Suite has sliders out to the pool area, and two good sized walk in closets, spacious bathroom double sinks and great soaker tub. Bedroom 2 has a large walk in closet, en suite leading to the pool and a vaulted ceiling! The 3rd full bathroom is nicely updated. The flooring is tile in the main living area. This home has been meticulously cared for and you will appreciate the owners love for it. So many extras it is hard to list them all! But here are a few of the extras, reverse osmosis, air filtration, Smart Indoor/Outdoor 12 Station Wi-Fi Sprinkler System Controller, Compatible with Alexa, Roof replaced in 2017, AC in 2019 with air purifier, pool pump/filter in 2019. These are just a few of the major upgrades that this home has had. Please schedule a showing today so you can make it your home.

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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

Neighborhood: East Lake Woodlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k398k

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

Neighborhood: East Lake Woodlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052213

* 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
Cypress Woods Elementary School Primary Regular 754 49 10
Joseph L. Carwise Middle School Middle Regular 1,067 60 7
East Lake High School High Regular 2,091 103 8

Cypress Woods Elementary School

  • Education Level: Primary
  • # of students: 754
  • # of teachers: 49
10
GreatSchools Rating

Joseph L. Carwise Middle School

  • Education Level: Middle
  • # of students: 1,067
  • # of teachers: 60
7
GreatSchools Rating

East Lake High School

  • Education Level: High
  • # of students: 2,091
  • # of teachers: 103
8
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$1,841
Property Tax -$630
Property Insurance -$184
HOA -$150
Property Management Fees -$80
CASH FLOW
-$176

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.

$499,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.3%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$24,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,667

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,6003$2,6004$2,7105$2,750
$2,750
RENT COMPS ANALYSIS
  • 4730 Stoneview Cir Oldsmar, FL 4
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.07
    •  
  • 4172 Boyd Ln Palm Harbor, FL 1
    • 4 beds 2 baths ∙ 2,460 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,460 Sqft ∙ Built 1992
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.01
    •  
  • 1801 Eagle Trace Blvd Palm Harbor, FL 2
    • 3 beds 3 baths ∙ 2,487 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,487 Sqft ∙ Built 1992
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.05
    •  
  • 4100 Boyd Ln Palm Harbor, FL 3
    • 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.08
    •  
  • 1035 Elk Way Oldsmar, FL 5
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1992
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.06
    •  
PROPERTY LISTING DETAILS
Cathy Seguin
1.727.710.6005
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8101048
Last Updated: 11/01/2020
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