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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $134.00
- 2 Days on Market
- MLS # : L4921022
- Updated Date : 02/20/2021 at 18:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,044 sqft
- Baths : 2 full
Listing Agent
Remax Experts
Listing Agent's Description
Fresh paint inside and out! 3BR, 2BA home on a spacious lot! Large carport and front porch. Newly built back deck. Property is fenced. THe home features updated kitchen and baths. Tile floors in main living areas. Call today!
SEE MORE
- 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: Winston
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winston
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,100 |
| EXPENSES | Loan Payment | -$486 |
| Property Tax | -$182 | |
| Property Insurance | -$96 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$208
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$139,900
PROJECTED PRICE
$1,100
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.75% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.80% |
| 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
$42,824
LOAN DETAILS
$486
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $34,975 |
| Loan Amount | $104,925 |
12.33
YEARS SAVED
$26,844
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,100
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,086
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
1052 Edith Ave Lakeland, FL 2
- 3 beds 2 baths ∙ 1,044 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,044 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $1,100
- $1.05
-
1317 Robert King High Dr Lakeland, FL 1
- 3 beds 2 baths ∙ 1,045 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,045 Sqft ∙ Built 1973
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,100
- $1.05
-
1682 E Blossom Cir Lakeland, FL 3
- 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1995
![property image]()
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,150
- $1.03
PROPERTY LISTING DETAILS
1.863.802.5262
Remax Experts
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4921022
Last Updated: 02/20/2021
