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1005 Johnson Loop Plant City, FL 33563

3 Beds 2 Baths 1,172 sqft Built 1986

$219,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $187.63
  • 3 Days on Market
  • MLS # : T3288863
  • Updated Date : 02/06/2021 at 13:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,172 sqft
  • Baths : 2 full
Listing Agent

Blue Sun Realty

Listing Agent's Description

Move in Ready home in a great location on a quiet street with NO HOA! Just painted inside and out for a very clean move in ready home. All Windows have been updated to energy efficient double pane windows and slider doors. The AC system was replaced in 2019. The master bathroom was just updated with walk in shower and new vanity. The yard is fenced and there is a huge screened patio and storage shed. The owner will also install a new roof with accepted offer. Both sliding doors were replaced to double pane impact resistant glass doors that both lead to the patio. This home also has gutters on the front and back. No carpet in the home and the bedrooms are a split plan. Come see this home before its too late... much cheaper than rent , schedule your tour!!! This home is the real deal and won’t last long!

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: Improvement League of Plant City

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k238k

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

Neighborhood: Improvement League of Plant City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7451590

* 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
Jackson Elementary School Primary Regular 528 44 2
Marshall Middle School Middle Regular 846 57 2
Plant City High School High Regular 2,219 122 5

Jackson Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 44
2
GreatSchools Rating

Marshall Middle School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 57
2
GreatSchools Rating

Plant City High School

  • Education Level: High
  • # of students: 2,219
  • # of teachers: 122
5
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$764
Property Tax -$236
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
$87

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.

$219,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$24,673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,096

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,3203$1,550
$1,550
RENT COMPS ANALYSIS
  • 1005 Johnson Loop Plant City, FL 2
    • 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.13
    •  
  • 1103 N Crystal Ter Plant City, FL 1
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1966
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.80
    •  
  • 910 N Wills St Plant City, FL 3
    • 4 beds 2 baths ∙ 1,454 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,454 Sqft ∙ Built 2006
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
PROPERTY LISTING DETAILS
Angela Inzerillo
1.813.230.4453
Blue Sun Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288863
Last Updated: 02/06/2021
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