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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Asbel Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$76,770
LOAN DETAILS
$989
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,000 |
| Loan Amount | $201,000 |
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
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LEASED 03/07/20- Rent
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- $1,500
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9630 Baton Rouge Ln Land O Lakes, FL 5
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LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,500
- $0.90
PROPERTY LISTING DETAILS
1.813.210.7475
Keller Williams Tampa Prop.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277437
Last Updated: 11/27/2020
