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9615 Regiment Ct Land O Lakes, FL 34638

4 Beds 3 Baths 2,645 sqft Built 2010

INVESTimate

$320,000

List Price

$1,820

$1,638 - $2,002

Rent Est.

$338,592  ( +5.81%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2010
  • Price/Sqft : $120.98
  • 13 Days on Market
  • MLS # : T3259091
  • Updated Date : 08/25/2020 at 14:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,645 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty South Tampa

Listing Agent's Description

This meticulously maintained home has great curb appeal and is on a peaceful CUL-DE-SAC in Asbel Estates. Its BIG BACKYARD has a spectacular view of a large POND and lovely treeline. The MANICURED homesite is complemented by a LONG driveway and good space between houses. The house was built by quality builder, M/I Homes, and is full of upgrades including STAINLESS STEEL appliances, GRANITE counters, 42” tall cabinets, double sinks, raised vanities, utility tub, laundry room cabinets, AIR CONDITIONED GARAGE, an epoxy garage floor, water softener plumbing, and more. As you walk in, there is a room that can be used as a formal living/dining room or office/flex space. Under the stairs is a huge storage closet. The family room has a 2 door slider to bring in plenty of NATURAL lighting. No carpet on first floor! The kitchen ISLAND is great for serving & entertaining. The pantry and corner lazy susan provide storage for kitchen items. The first floor Powder Bath is great for guests, holidays, & family fun. The upstairs has 4 split bedrooms and a nice size LOFT which can be used as workspace, media room, playroom, & more! Spacious Master Suite with en-suite including long double vanity with plenty of cabinet space, separate soaking tub & shower, water closet & LARGE WALK-IN closet. 3 roomy secondary bedrooms - two closets have custom shelving! Stairs & 2nd floor carpeted for that warm & fuzzy feel. Vinyl fenced backyard, great for family fun & pets! Nice size covered LANAI to sit & enjoy the beautiful backyard view. Call today to schedule your PRIVATE showing to see this GORGEOUS home!

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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: Asbel Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k489k

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

Neighborhood: Asbel Estates

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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,181
Property Tax -$324
Property Insurance -$190
HOA -$51
Property Management Fees -$80
CASH FLOW
-$6

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.

$320,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.81%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$27,371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7994$1,8005$1,820
$1,820
RENT COMPS ANALYSIS
  • 9615 Regiment Ct Land O Lakes, 5
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.69
    •  
  • 9913 Edmonton Dr Land O Lakes, 1
    • 5 beds 3 baths ∙ 2,468 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,468 Sqft ∙ Built 2006
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.69
    •  
  • 18452 Red Willow Way Land O Lakes, 2
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2009
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.68
    •  
  • 9551 Baton Rouge Ln Land O Lakes, 3
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2008
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.72
    •  
  • 9126 Tollison Loop Land O Lakes, 4
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2006
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
PROPERTY LISTING DETAILS
Cindy Harrison
1.813.417.0507
Keller Williams Realty South Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3259091
Last Updated: 08/25/2020
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