Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9821 Jasmine Brook Cir Land O Lakes, FL 34638

3 Beds 2 Baths 1,758 sqft Built 2006

$268,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $152.45
  • 4 Days on Market
  • MLS # : T3277437
  • Updated Date : 11/27/2020 at 11:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,758 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

Enjoy the Florida lifestyle in this wonderful one story 3 bedroom, 2 bathroom plus office, home. Located in the desirable Asbel Creek community of Land O Lakes, this well built 2006, Ryland Homes, Princeton model was designed by the seller for comfort, enjoyment, and relaxation. Open kitchen, 42" cherry cabinets, modern appliances, attached dinning nook, large island with breakfast bar, separate dining room. Master bedroom includes views of conservation, woods, and pond. Master bath with large garden tub and separate glass enclosed shower. Quiet 2nd and 3rd bedroom located towards the front of house with hall bathroom tub and shower. Fantastic office/ den room attached to great room. Covered patio lanai with access to rear of property. Lots of birds, cranes, deer, and other wildlife to enjoy. This property is located within the Connerton Elementary, Pine View Middle, Land O Lakes High School boundaries. Suncoast Parkway and I-75 within a short distance away. No CDD, low HOA. New AC installed in July, 2020. Schedule your showing today.

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

Neighborhood: Asbel Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k391k

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

Neighborhood: Asbel Creek

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
 

$241,200$294,800$268,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$989
Property Tax -$304
Property Insurance -$139
HOA -$57
Property Management Fees -$80
CASH FLOW
-$98

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.

$268,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,770

INVESTMENT

$76,770

Down Payment
$67,000
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,000
Loan Amount $201,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,559

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,486

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,4753$1,4954$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 9821 Jasmine Brook Cir Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.84
    •  
  • 9852 Edmonton Dr Land O Lakes, FL 2
    • 4 beds 2 baths ∙ 1,727 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,727 Sqft ∙ Built 2007
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.85
    •  
  • 9738 Simeon Dr Land O Lakes, FL 3
    • 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2008
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.80
    •  
  • 18130 Cypress Bay Pkwy Land O Lakes, FL 4
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2008
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 9630 Baton Rouge Ln Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Terence Doohen
1.813.210.7475
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277437
Last Updated: 11/27/2020
BESbswy