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770 Osprey Landing Dr Lakeland, FL 33813

4 Beds 3 Baths 2,357 sqft Built 2000

$390,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $165.46
  • 3 Days on Market
  • MLS # : L4919786
  • Updated Date : 12/12/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,357 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Smart

Listing Agent's Description

Looking for the feeling of security? Located within the Eaglebrooke, golf community, this home provides a sense a security with as soon as you pull into the community. As you pull-in through the guarded gates you can see families walking, neighbors running on sidewalks around the community. This beautiful pool home provides plenty of space for the entire family with four bedrooms and three baths. As you walk through the front door you will find the separate formal living room and formal dining area. Continue in and you will be lead to a large Great room just off the open concept kitchen. With beautiful views of the beautiful pool just outside the kitchen window. And with a recently replaced screen-enclosure, you will have peace-of-mind. Enjoy the beautifully landscaped exterior that has been greatly maintained. Many updates throughout the house. Come view this beautiful residence.

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: Eaglebrooke

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $70k371k

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

Neighborhood: Eaglebrooke

NeighborhoodNIR Market*CityMarket2015Year20092019 Q210001100120013001400150016001700180019002000Rent in $9082045

* 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
Scott Lake Elementary School Primary Regular 771 52 5
Lakeland Highlands Middle School Middle Regular 1,217 66 6
George W. Jenkins Senior High School High Regular 2,319 116 5

Scott Lake Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 52
5
GreatSchools Rating

Lakeland Highlands Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 66
6
GreatSchools Rating

George W. Jenkins Senior High School

  • Education Level: High
  • # of students: 2,319
  • # of teachers: 116
5
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,439
Property Tax -$547
Property Insurance -$171
HOA -$13
Property Management Fees -$129
CASH FLOW
-$9

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$390,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.82%
Appreciation Year (1-5) 1.4%
Maintenance Year (1-5) 8.00%
Vacancy 3.73%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$24,401

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,074

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,9953$2,1004$2,1955$2,290
$2,290
RENT COMPS ANALYSIS
  • 770 Osprey Landing Dr Lakeland, FL 5
    • 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.97
    •  
  • 6979 Lake Eaglebrooke Dr Lakeland, FL 1
    • 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 2003
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.77
    •  
  • 6871 Eagle Ridge Loop Lakeland, FL 2
    • 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 2005
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 7016 Cascades Ct Lakeland, FL 3
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 2002
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 7051 Island Lake Ln Lakeland, FL 4
    • 4 beds 4 baths ∙ 2,261 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,261 Sqft ∙ Built 2005
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.97
    •  
PROPERTY LISTING DETAILS
Gate Arty
1.863.680.9988
Keller Williams Realty Smart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919786
Last Updated: 12/12/2020
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