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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $136.76
- 8 Days on Market
- MLS # : L4919414
- Updated Date : 11/23/2020 at 09:44
CONSTRUCTION
- Beds : 3
- Floor Size : 2,084 sqft
- Baths : 2 full , 1 half
Listing Agent
Roost Realty Group Llc
Listing Agent's Description
Location, Location, Location! You must see this 3 bedroom, 2.5 bathroom, South Lakeland home located in a highly desired neighborhood. This home boasts wood floors throughout, a wood burning fireplace, a family room with a beautiful pecky cypress ceiling, and a bonus room that could be used as a 4th bedroom or office. The kitchen has granite countertops, stainless appliances, and solid wood cabinets. The home sits on a huge .58 acre lot with beautiful trees. There is an attached two car garage and an inside laundry room. The electric and plumbing have recently been updated and the roof was replaced 3 years ago. The home is conveniently located to many shopping centers, grocery stores, parks, Lake Hollingsworth, The YMCA, the Edgewood tennis courts, Cleveland Heights golf course, and the Polk Parkway for easy commutes to Tampa and Orlando. This home won’t last long. Set up your showing today.
SEE MORE
- #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.
- 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)
PRICE & RENT TRENDS
Zip Code: 33813
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33813
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$362 | |
| Property Insurance | -$155 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$69
|
||
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.
$285,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.82% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.73% |
| 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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
4
YEARS SAVED
$12,347
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,751
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1125 Rolling Woods Ln Lakeland, FL 1
- 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 1962 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 1962
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- Rent
- Rent Per SQFT
- $1,580
- $0.76
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4656 Valley View Dr E Lakeland, FL 2
- 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1975
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,595
- $0.83
-
2022 Deerfield Dr Lakeland, FL 3
- 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1979
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LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,595
- $0.83
-
3808 Emerald Ter Lakeland, FL 4
- 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1963
![property image]()
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,700
- $0.79
-
3805 Eric Ct Lakeland, FL 5
- 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1977
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.91
PROPERTY LISTING DETAILS
1.863.398.0267
Roost Realty Group Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4919414
Last Updated: 11/23/2020
