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9851 Jasmine Brook Cir Land O Lakes, FL 34638

5 Beds 3 Baths 2,373 sqft Built 2006

$320,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $134.85
  • 6 Days on Market
  • MLS # : T3272323
  • Updated Date : 10/29/2020 at 18:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,373 sqft
  • Baths : 3 full
Listing Agent

Cartwright Realty

Listing Agent's Description

Charming 5 bdrm, 3 bath located in the quiet neighborhood of Asbel Creek in Land O Lakes! The kitchen is perfect for the chef in the family with tons of cabinet and counter space, overlooking the family room great for entertaining guests. Formal dining room in the front entry Bedroom 5 is downstairs great for a guest and or office, right next to bathroom 3. Bedroom 2,3,&4 are all roomy and bright all within steps of bathroom 2. The master bedroom allows for peace and tranquility with tons of natural light pouring in, with your own private master bath, with glass shower, garden tub, and dual sinks. The backyard has a gorgeous view of the conservation area with a screened in porch and boasts a sparkling pool for when you want to enjoy the outdoors.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

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

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,181
Property Tax -$363
Property Insurance -$174
HOA -$57
Property Management Fees -$80
CASH FLOW
-$25

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

$1,830

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.5%
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$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$16k

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$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

5.92

YEARS SAVED

$25,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7993$1,8004$1,8305$1,915
$1,915
RENT COMPS ANALYSIS
  • 9851 Jasmine Brook Cir Land O Lakes, FL 4
    • 5 beds 3 baths ∙ 2,373 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,373 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.77
    •  
  • 9913 Edmonton Dr Land O Lakes, FL 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
    •  
  • 9551 Baton Rouge Ln Land O Lakes, FL 2
    • 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
    •  
  • 10028 Perthshire Cir Land O Lakes, FL 3
    • 4 beds 4 baths ∙ 2,218 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,218 Sqft ∙ Built 2006
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 9829 Jasmine Brook Cir Land O Lakes, FL 5
    • 5 beds 3 baths ∙ 2,331 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,331 Sqft ∙ Built 2006
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,915
    • $0.82
    •  
PROPERTY LISTING DETAILS
Tiia Cartwright
1.813.333.6698
Cartwright Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3272323
Last Updated: 10/29/2020
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