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6345 Desert Peace Ave Land O Lakes, FL 34639

3 Beds 2 Baths 1,840 sqft Built 2006

$275,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $149.46
  • 2 Days on Market
  • MLS # : U8110251
  • Updated Date : 01/17/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,840 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Beautiful home located in the Dupree Lakes community (amenities galore!), overlooking a conservation area, no rear neighbors, your own piece of paradise! The heart of this 3 bedroom, 2 bath, 2 car garage home is the wide open kitchen/dining/family room area, where lots of happy memories will be made. There is also a large living room/den, super versatile as home office, game room, formal living room – endless options. Split bedroom plan, featuring large primary bedroom with walk-in closet, en-suite bathroom with double vanity, garden tub and separate walk-in shower. Oversized guest bath has separate sink and shower/toilet room. Dupree Lakes offers a beautiful clubhouse with elaborate pool, tennis courts, soccer fields, basketballs courts, beach volleyball, and playground - resort style living at its best, don’t miss out!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$955
Property Tax -$478
Property Insurance -$143
HOA -$7
Property Management Fees -$129
CASH FLOW
$27

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.

$275,000

PROJECTED PRICE

$1,740

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$800k

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$21,509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,734

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,7253$1,7354$1,7405$1,750
$1,750
RENT COMPS ANALYSIS
  • 6345 Desert Peace Ave Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.95
    •  
  • 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
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 6038 Sweet William Ter Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 2006
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.93
    •  
  • 5713 White Trillium Loop Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2009
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.94
    •  
  • 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
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
PROPERTY LISTING DETAILS
Tanja Cisliek
1.727.480.4155
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110251
Last Updated: 01/17/2021
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