Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5417 Eagle Blvd Land O Lakes, FL 34639

3 Beds 2 Baths 1,760 sqft Built 1994

$299,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $170.40
  • 4 Days on Market
  • MLS # : T3289523
  • Updated Date : 02/12/2021 at 08:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,760 sqft
  • Baths : 2 full
Listing Agent

Re/max Capital Realty

Listing Agent's Description

THIS HOME IS TRULY A JEWEL!!! Beautifully updated WITH BRAND NEW, SHAKER CABINETS, and GRANITE COUNTERTOPS!!! Located in the HEART OF LAND O LAKES AND IN CLOSE PRIXIMITY to Collier road and PREMIUM OUTLETS!!! The MASTER BEDROOM features a NEWLY UPDATED, On SUITE BATHROOM with WALK IN SHOWER and SEPARATE GARDEN TUB, a BRAND NEW HIS AND HER VANITY, with HIS AND HER SINKS and GRANITE COUNTERTOPS!!! Natural light permeates the home, and from the Master Bedroom, there is a private entrance to the NEWLY SCREEENED LANAI where you can watch the deer roam the NEARLY 20,000 acres of CONSERVATION LAND!! This land is protected and available for you to enjoy and explore!!! LOW HOA of ONLY $94 PER YEAR makes this home an AMAZING FIND!!! From top to bottom, this home has been cared for and updated. BRAND NEW VINYL PLANK FLOORS in 2020 and 2021 make this a perfect find for the city dweller and the nature lover alike!!!! This is truly a GREAT FIND, close to all the restaurants and amenities of the city, yet covered in the beauty of nature and privacy! The yard is fenced, so bring your furry friends and make this wonderful place your home!!! The home has had so many updates, the owner says "the only way you can have a home with more new stuff, is to go build it brand new! lol

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lake Padgett Pines

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Lake Padgett Pines

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
Pine View Elementary School Primary Regular 653 48 6
Pine View Middle School Middle Regular 924 58 6
Land O' Lakes High School High Magnet 1,700 100 8

Pine View Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 48
6
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
 

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

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,042
Property Tax -$333
Property Insurance -$139
HOA -$8
Property Management Fees -$129
CASH FLOW
-$40

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

$1,610

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 9.4%
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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

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 50% 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

5.67

YEARS SAVED

$18,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,637

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,6503$1,6654$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 5417 Eagle Blvd Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.91
    •  
  • 4744 Burlington Rd Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1990
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 4715 Canterbury Dr Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1987
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.91
    •  
  • 23533 Sierra Rd Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1984
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 5145 Culpepper Pl Wesley Chapel, FL 5
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Daniel Ishee
1.727.771.5222
Re/max Capital Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289523
Last Updated: 02/12/2021
BESbswy