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1125 Rolling Woods Ln Lakeland, FL 33813

3 Beds 3 Baths 2,084 sqft Built 1962

$285,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $70k251k

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

Zip Code: 33813

ZipNIR Market*CityMarket2015Year20092019 Q21000110012001300140015001600Rent in $9081668

* 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
Carlton Palmore Elementary School Primary Regular 528 36 4
Southwest Middle School Middle Regular 852 52 2
Lakeland Senior High School High Regular 2,139 117 5

Carlton Palmore Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 36
4
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 852
  • # of teachers: 52
2
GreatSchools Rating

Lakeland Senior High School

  • Education Level: High
  • # of students: 2,139
  • # of teachers: 117
5
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

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
$1,580
1$1,5802$1,5953$1,5954$1,7005$1,950
$1,950
RENT COMPS ANALYSIS
  • 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
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.76
    •  
  • 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
    property image
    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
    property image
    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
Cannon Kirby
1.863.398.0267
Roost Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919414
Last Updated: 11/23/2020
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