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5817 Sweet William Ter Land O Lakes, FL 34639

3 Beds 2 Baths 1,579 sqft Built 2007

$243,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $153.89
  • 2 Days on Market
  • MLS # : T3278606
  • Updated Date : 12/12/2020 at 13:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,579 sqft
  • Baths : 2 full
Listing Agent

Align Right Realty Llc

Listing Agent's Description

This is a beautiful must see home in the community of Dupree Lakes! As you enter this home, you're introduced to a foyer style hall way that leads you to a split bedroom plan and an open floor concept great room! The Kitchen has been updated with granite counter tops and a back splash that not only covers alongside the cabinets but also the breakfast bar. The kitchen is complimented with stainless steel appliances to bring it all together! Enjoy a peaceful afternoon outback in the gazebo that overlooks a peaceful conservation/bird sanctuary. The master bedroom features a nice master bath with an his & her sink countertop, a garden tub with a separate shower and a large walk in closet. The home also has a utility room that is conveniently located inside the home that connects to the very spacious garage. This lovely community offers a big beautiful lagoon style swimming pool, splish splash water zone, covered sitting area, playground, tennis, basketball and volleyball courts and large recreational building for entertaining! LOW HOA! This community is located just inside Pasco County with easy access to I-75, I-275, Veterans Exwy/Suncoast Pkwy.

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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: Dupree Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k458k

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

Neighborhood: Dupree Lakes

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
 

$218,700$267,300$243,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$897
Property Tax -$423
Property Insurance -$128
HOA -$10
Property Management Fees -$129
CASH FLOW
-$66

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.

$243,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.0%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,145

INVESTMENT

$70,145

Down Payment
$60,750
Rehab Estimate
$5,750
Closing Costs
$3,645

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$897

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,750
Loan Amount $182,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5203$1,5954$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 5817 Sweet William Ter Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.96
    •  
  • 5550 Shasta Daisy Pl Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2010
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 6102 Sweet William Ter Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2009
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 6038 Sweet William Ter Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 2006
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.93
    •  
  • 5934 Sweet William Ter Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2006
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
PROPERTY LISTING DETAILS
Angel Nieves
1.813.817.6814
Align Right Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278606
Last Updated: 12/12/2020
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