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Tbd Walnut Dr Lot 8 Ocala, FL 34472

3 Beds 2 Baths 1,357 sqft Built 2021

$179,900

List Price

$1,445

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $132.57
  • 6 Days on Market
  • MLS # : No MLS Number
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,357 sqft
  • Baths : 2 full
Listing Agent

Tobin

Listing Agent's Description

Estimated completion date July-Sept. 2021

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

Zip Code: 34472

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160kPrice in $62k166k

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

Zip Code: 34472

ZipNIR Market*CityMarket2015Year20122019 Q275080085090095010001050110011501200Rent in $7461224

* 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
Greenway Elementary School Primary Regular 723 43 2
Lake Weir Middle School Middle Regular 1,299 67 3
Lake Weir High School High Magnet 1,668 78 4

Greenway Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 43
2
GreatSchools Rating

Lake Weir Middle School

  • Education Level: Middle
  • # of students: 1,299
  • # of teachers: 67
3
GreatSchools Rating

Lake Weir High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 78
4
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,301$1,590$1,445

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,445
EXPENSES Loan Payment -$664
Property Tax -$242
Property Insurance -$37
Property Management Fees -$129
CASH FLOW
$374

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$179,900

PROJECTED PRICE

$1,445

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 3.00%
Vacancy 4.90%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,674

INVESTMENT

$47,674

Down Payment
$44,975
Rehab Estimate
$0
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

14.67

YEARS SAVED

$52,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

Solutions Manager

YOUR SOLUTIONS MANAGER

Please Contact Your Solutions Manager

To review the detailed price and rent comps for this property and answer any questions you may have.

PROPERTY LISTING DETAILS
Mynd
Tobin
BESbswy