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819 Jacaranda Dr Oldsmar, FL 34677

3 Beds 2 Baths 1,220 sqft Built 1986

$304,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $249.92
  • 3 Days on Market
  • MLS # : T3285572
  • Updated Date : 01/23/2021 at 15:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

LOCATION, LOCATION, LOCATION! Welcome to the highly desirable "Manors of Forest Lakes" Community. Forest Lakes is conveniently located in the Tampa Bay area only 20 minutes from Tampa International Airport, I- 275 the Veterans Expressway, Intl Mall and RJS. 20 minutes in the other direction is beautiful Honeymoon Island State Park and Caladesi Island. These well known landmarks are filled with beautiful beaches, nature walks, history and educational facilities. The Dunedin causeway itself provides a great place to walk, run, boat or simply sit back and enjoy Florida's beautiful sunsets. 3BR/2BA 1220SF home sits on a 90ft.+ WIDE HOMESITE with a HUGE BACK YARD, SCREENED PORCH, and BRICK PAVER PATIO. The 2 car garage has been converted to storage in the front and a large spare room in the back currently being used as an INSIDE LAUNDRY ROOM and HOME OFFICE. Upon entry you'll be greeted by the Family room/Dining Room combo featuring beautiful CERAMIC TILE, IMPACT WINDOWS installed within the last 2 years, and VAULTED CEILINGS! New interior and exterior paint within the year. The AC has been replaced within the last 3 years and the Hot Water heater has been recently replaced. The low $32 HOA fee grants you access to the recreational facilities which include a pool, playground, fishing dock, tennis, basketball, and raquetball courts. Tampa Rd is close by which means minutes to Wal Mart, Publix, and a variety of Restaurants. Call today to arrange a viewing!

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: Oldsmar

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $85k393k

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

Neighborhood: Oldsmar

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8781984

* 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
Forest Lakes Elementary School Primary Regular 560 41 8
Joseph L. Carwise Middle School Middle Regular 1,067 60 7
East Lake High School High Regular 2,091 103 8

Forest Lakes Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 41
8
GreatSchools Rating

Joseph L. Carwise Middle School

  • Education Level: Middle
  • # of students: 1,067
  • # of teachers: 60
7
GreatSchools Rating

East Lake High School

  • Education Level: High
  • # of students: 2,091
  • # of teachers: 103
8
GreatSchools Rating
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,059
Property Tax -$349
Property Insurance -$107
HOA -$32
Property Management Fees -$129
CASH FLOW
-$96

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.

$304,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $1,565

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5493$1,5804$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 819 Jacaranda Dr Oldsmar, FL 3
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.30
    •  
  • 200 Lake Charles Ct Oldsmar, FL 1
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1984
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.24
    •  
  • 413 Lakeview Dr Oldsmar, FL 2
    • 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1983 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1983
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.38
    •  
  • 207 Bayside Blvd Oldsmar, FL 4
    • 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1982
    property image
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.31
    •  
  • 1809 Driftwood Cir N Oldsmar, FL 5
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1972
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.20
    •  
PROPERTY LISTING DETAILS
William Kemp
1.813.843.3200
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285572
Last Updated: 01/23/2021
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