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825 King Leon Way Sun City Center, FL 33573

3 Beds 2 Baths 1,896 sqft Built 2006

$296,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $156.12
  • 2 Days on Market
  • MLS # : G5038492
  • Updated Date : 02/13/2021 at 14:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,896 sqft
  • Baths : 2 full
Listing Agent

La Rosa Rty Winter Garden Llc

Listing Agent's Description

Welcome to the beautiful Renaissance stylized community nestled quietly in the over 55+ community of Sun City Center. This beautiful and spacious 3/2 home features a bright floor plan with high ceilings all around. The spacious kitchen is open to the family room immediately followed by the dinette area that overlooks the sparkling covered lanai and screened enclosure with a gorgeous pond view. The open living and dining rooms provide plenty of additional space for entertaining or a growing family. Extremely well-maintained and recently renovated, the home has a newer HVAC system, Water Heater, New Appliances and just freshly painted inside and out. Sun City Center, America's Premier 55+ Community, has many recreational activities available to all, such as; card games, golf, tennis, pickle ball, archery, dancing, water walking, and multiple indoor and outdoor pools. You will enjoy also the Club Renaissance as a meeting place with friends (see brochures attached). Sun City Center has amazing facilities, between Sarasota and Tampa, it is the perfect location for a convenient ride to airports, world class shopping, dining and professional entertainment. With easy access to award winning, beautiful clear sand beaches, this is the best of all worlds, but without the stress of traffic and big city life. Leave it all behind and enjoy your new life here in one of the country's highest rated 55+ communities.

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

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $85k238k

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

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8781597

* 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
Cypress Creek Elementary School Primary Regular 649 60 2
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Cypress Creek Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 60
2
GreatSchools Rating

Shields Middle School

  • Education Level: Middle
  • # of students: 1,474
  • # of teachers: 99
2
GreatSchools Rating

Lennard High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 114
4
GreatSchools Rating
 

$266,400$325,600$296,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,028
Property Tax -$375
Property Insurance -$147
HOA -$135
Property Management Fees -$129
CASH FLOW
-$13

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.

$296,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.1%
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$1.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,190

INVESTMENT

$84,190

Down Payment
$74,000
Rehab Estimate
$5,750
Closing Costs
$4,440

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,028

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,000
Loan Amount $222,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,887

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8003$1,8504$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 825 King Leon Way Sun City Center, FL 2
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 16407 Treasure Point Dr Wimauma, FL 1
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2016
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 324 Siena Vista Pl #271 Sun City Center, FL 3
    • 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2007
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 17001 Peaceful Valley Dr Wimauma, FL 4
    • 4 beds 3 baths ∙ 1,929 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,929 Sqft ∙ Built 2016
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
  • 16317 Treasure Point Dr Wimauma, FL 5
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2016
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
PROPERTY LISTING DETAILS
Oscar Brea, Pa
1.407.452.8714
La Rosa Rty Winter Garden Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: G5038492
Last Updated: 02/13/2021
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