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7948 Foxgrove Dr Land O Lakes, FL 34637

4 Beds 3 Baths 1,863 sqft Built 2006

$299,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $160.49
  • 3 Days on Market
  • MLS # : T3293687
  • Updated Date : 03/05/2021 at 11:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,863 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Affiliated

Listing Agent's Description

Just what you have been waiting for! A 4 bedroom 2 1/2 bath home that has been freshly painted and New Carpet in all bedrooms, stairs and hallway! Pergo floors throughout the rest of the home. Relax on your covered patio and take in the sounds of birds chirping as they fly over the lovely pond. Set deep in the highly coveted Wilderness Lakes Preserves subdivision, a nature lover's dream house and area. The first floor features an open layout of the kitchen, dining, and living room, laundry room along with a half bath, a Spacious Master Suite with a walk-in closet, a master bath with a relaxing garden tub, and a separate shower. The second floor features three bedrooms, large closets perfect for storage and a large bathroom. FRESH AND SUPER CLEAN Home! WILDERNESS LAKE PRESERVE is an award-winning community boasting a lodge/clubhouse with HEATED LAP POOL, lagoon pool, jacuzzi, fitness center, movie theater, nature center, multiple playgrounds & parks, and tennis and basketball courts.

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,039
Property Tax -$511
Property Insurance -$145
HOA -$10
Property Management Fees -$129
CASH FLOW
-$103

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.

$299,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.58%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7303$1,7954$1,8755$1,895
$1,895
RENT COMPS ANALYSIS
  • 7948 Foxgrove Dr Land O Lakes, FL 2
    • 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.93
    •  
  • 7847 Foxgrove Dr Land O Lakes, FL 1
    • 4 beds 3 baths ∙ 1,807 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,807 Sqft ∙ Built 2006
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.93
    •  
  • 8827 Sentiero Dr Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 2015
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
  • 8456 Lagerfeld Dr Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 2006
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.94
    •  
  • 7709 Blue Spring Dr Land O Lakes, FL 5
    • 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2004
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.91
    •  
PROPERTY LISTING DETAILS
Marco Kremser
1.630.306.6539
Century 21 Affiliated
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3293687
Last Updated: 03/05/2021
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