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4755 Holdsworth Dr Land O Lakes, FL 34639

3 Beds 2 Baths 1,479 sqft Built 2003

$259,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $175.73
  • 7 Days on Market
  • MLS # : T3291738
  • Updated Date : 02/23/2021 at 08:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,479 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

Unique opportunity! This is a fantastic 3BR/2BA /Car garage Single Family home that’s currently rented and is perfect for buyer looking to buy now and move at a later date while taking advantage of the low interest rates! Tenant’s lease ends 1/2/22. Great investment to keep as rental property, too! Excellent neighborhood, low Pasco taxes with NO CDD fee, centrally located just few minutes to I-75/275, Outlet Mall, Wiregrass Shops, trendy Restaurants, hospitals & fantastic schools, this is it!! A Former model, this home offers peaceful setting w/ Pond Views. Shows light, bright and open as you enter and notice the gleaming Wood Floors, High Vaulted Ceiling and upgraded Plantation Shutters thru out. Kitchen offers Wood Cabinetry, Breakfast Bar w/ Granite Counters and Complete Appliances including Washer and Dryer! The 3rd Bedroom makes a perfect Office, with double doors and closet! Enjoy your coffee in the morning or wine in the evening relaxing by the screened Lanai with nature water views! Front of the Home overlooks the beautiful Grand Oaks Park while the backyard overlooks the water! Grand Oaks is a great community with a resort Pool, Playgrounds and Basketball courts. Please note Tenants work from home--limited showings, advance notice a must.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Grand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Grand Oaks

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
Veterans Elementary School Primary Regular 831 56 9
Cypress Creek Middle High School Middle Regular NA
Cypress Creek Middle High School High Regular NA

Veterans Elementary School

  • Education Level: Primary
  • # of students: 831
  • # of teachers: 56
9
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$903
Property Tax -$287
Property Insurance -$122
HOA -$105
Property Management Fees -$129
CASH FLOW
-$106

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.

$259,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.4%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,453

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4953$1,5954$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 4755 Holdsworth Dr Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.97
    •  
  • 5112 Gato Del Sol Cir Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2002
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 5006 Culpepper Pl Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2004
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 4803 Wessex Way Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2003
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 4731 Wessex Way Land O Lakes, FL 5
    • 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2003
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Mercy Barragan
1.813.494.6797
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3291738
Last Updated: 02/23/2021
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