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8697 Lantana Dr Seminole, FL 33777

4 Beds 3 Baths 1,723 sqft Built 1971

$369,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $214.68
  • 5 Days on Market
  • MLS # : U8115615
  • Updated Date : 03/12/2021 at 10:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,723 sqft
  • Baths : 3 full
Listing Agent

Realty Experts

Listing Agent's Description

Look no further!!!! Here it is !!!! Nothing to do but move in... If this is the home you have been waiting for your wait is over. This updated 4-bedroom, 3 full bath, one car garage pool home in Seminole, is situated on an oversized corner lot large enough to store your boat AND RV. This 3-way split plan home has 1723 sq. ft. features 2 master suites. The recent updates include, new roof including the flat roof in 2017, New kitchen in 2019 with all new cabinetry with soft close doors and drawers, granite countertops, all new stainless steel Frigidaire appliances, propane gas stove with convection oven. New vinyl plank flooring in main living areas and 2 bedrooms. All 3 bathrooms have been recently remodeled. All new interior doors and hardware. All new electrical outlets and switches. New baseboards. Updated windows that have been professionally tinted to lower the electric bill. New insulation in attic. New 6-inch gutters , a gas water heater and a water softener. The heated pool is salt water and has a new pump and a sand filter. The pool area features a large covered patio for outdoor entertaining. Outdoors you will find a new expanded driveway that will hold four cars, a carport that can accommodate 2 additional parking spaces, an extra slab for storing Kayak’s or Jet Skies, and vinyl fencing. The home is located in a central location that provides an easy commute to shopping, airports, Tampa or St Petersburg and about 15 minutes to Beaches. Walking distance to Bardmoor Elementary. Ring doorbell and mounted TV do not convey. This is a must see.

SEE MORE

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

Zip Code: 33777

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $79k256k

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

Zip Code: 33777

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781803

* 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
Bardmoor Elementary School Primary Regular 604 48 3
Osceola Middle School Middle Regular 1,162 65 5
Dixie M. Hollins High School High Regular 1,826 104 4

Bardmoor Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 48
3
GreatSchools Rating

Osceola Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 65
5
GreatSchools Rating

Dixie M. Hollins High School

  • Education Level: High
  • # of students: 1,826
  • # of teachers: 104
4
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,285
Property Tax -$465
Property Insurance -$136
Property Management Fees -$129
CASH FLOW
$5

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.

$369,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.55%

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$1.0M$1.2M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$26,846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,994

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,6003$1,6504$1,9955$2,020
$2,020
RENT COMPS ANALYSIS
  • 8697 Lantana Dr Seminole, FL 5
    • 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.17
    •  
  • 8589 Lantana Dr Seminole, FL 1
    • 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1969
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.11
    •  
  • 8701 Magnolia Dr Seminole, FL 2
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1959
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 8530 Rose Ter Seminole, FL 3
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1971
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.18
    •  
  • 8458 Lantana Dr Seminole, FL 4
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1969
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.23
    •  
PROPERTY LISTING DETAILS
Beth Ann Ackerman
1.727.458.4775
Realty Experts
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8115615
Last Updated: 03/12/2021
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