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

1022 Ashentree Dr Plant City, FL 33563

3 Beds 3 Baths 1,800 sqft Built 2018

$225,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $125.00
  • 4 Days on Market
  • MLS # : T3275813
  • Updated Date : 11/14/2020 at 11:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,800 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams-plant City

Listing Agent's Description

Welcome home to the spacious open first floor w/new flooring in the living room/dining room with dark wood shaker style cabinetry in the kitchen. The upstairs features a master suite with walk-in closet along with 2 other bedrooms and step saving upstairs laundry. There are double vanities in both the master and 2nd baths. The home features a complete appliance package, energy saving windows. Lots of storage which includes a closet pantry, hall closet and under staircase storage. The gated community has a community pool and playground and is conveniently located to all schools, services and major highways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Burney Elementary School Primary Regular 359 42 3
Marshall Middle School Middle Regular 846 57 2
Plant City High School High Regular 2,219 122 5

Burney Elementary School

  • Education Level: Primary
  • # of students: 359
  • # of teachers: 42
3
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$830
Property Tax -$249
Property Insurance -$141
HOA -$159
Property Management Fees -$80
CASH FLOW
$151

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.

$225,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.72%

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$1.0M

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$34,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,566

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6103$1,800
$1,800
RENT COMPS ANALYSIS
  • 1022 Ashentree Dr Plant City, FL 2
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.89
    •  
  • 820 Wiltonway Dr Plant City, FL 1
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2018
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 806 Wiltonway Dr Plant City, FL 3
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2017
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
PROPERTY LISTING DETAILS
Linda Stott
1.239.770.2197
Keller Williams-plant City
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275813
Last Updated: 11/14/2020
BESbswy