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7124 Kendall Heath Way Land O Lakes, FL 34637

3 Beds 2 Baths 1,275 sqft Built 2005

$205,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $160.78
  • 6 Days on Market
  • MLS # : T3279688
  • Updated Date : 12/11/2020 at 13:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,275 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

Welcome Home to this pristine and move in ready maintained single story 3-bedroom 2-bath home in the highly desired community of Wilderness Lake Preserve. As you walk in you are greeted by the open concept floor plan and soaring ceilings. The Living room bridges into the kitchen with a breakfast bar and views of the backyard. The Kitchen has wood cabinets, laminate countertop, and additional pantry storage. Step outside under the covered lanai and side privacy fence for outdoor entertaining or to just enjoy the wildlife. The Master Suite is spacious with huge closet space views of the backyard and an en suit bathroom with separate stand up shower and garden soaking tub for relaxing. The 2 additional bedrooms sit at the front of the house along with the second bath and indoor laundry room. The 2 car garage gives plenty of space for parking or additional storage. **New Interior Pant, New Carpet, and New HVAC installed (2020) with Nest thermostat control system completes the checklist ** Wilderness Lodge, a lakefront recreation facility for WLP residents featuring fishing docks with boats, lagoon and heated lap pool, hot tub, saunas, fitness center with lake views, movie theater, tennis, sand volleyball and basketball courts, parks, playgrounds, planned events and much more! Located just minutes from Fine Dining, Golf Courses, Shopping Outlet Mall, Wiregrass Mall, Publix Grocery Store, Florida Hospital, Interstate 75, and the Suncoast Express Way which gives you an easy route to Downtown Tampa, Tampa International Airport, sporting stadiums, Tampa Bay area beaches, and nightly entertainment. Access to a great school district. This home is MOVE-IN READY and you will love the community. **Check out the 3D Tour in the Video Link 1**

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: Wilderness Lake Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k397k

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

Neighborhood: Wilderness Lake Preserve

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
Connerton Elementary School Primary Regular 973 73 4
Pine View Middle School Middle Regular 924 58 6
Land O' Lakes High School High Magnet 1,700 100 8

Connerton Elementary School

  • Education Level: Primary
  • # of students: 973
  • # of teachers: 73
4
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
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$756
Property Tax -$354
Property Insurance -$110
HOA -$10
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.

$205,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.6%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$21,979

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,399

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,5504$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 7124 Kendall Heath Way Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 7204 Kendall Heath Way Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 2005
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 7951 Endless Summer Ct Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 2003
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 21371 Wistful Yearn Dr Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2017
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.10
    •  
  • 21247 Wistful Yearn Dr Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2017
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
PROPERTY LISTING DETAILS
Apple Bass
1.813.264.7754
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279688
Last Updated: 12/11/2020
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