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1133 N Brunnell Pkwy Lakeland, FL 33805

3 Beds 1 Baths 1,056 sqft Built 1972

$134,900

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $127.75
  • 6 Days on Market
  • MLS # : L4919192
  • Updated Date : 11/11/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,056 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty Smart

Listing Agent's Description

The Pictures say it all!! This 3 bedroom 1 Bath home is ready for you to move in!! New kitchen, new stainless steel appliances , granite counter tops, new shower stall, fresh paint and two large screened in rooms await you. 4 car carport, two year old roof, and fenced in yard ! This is a must see home at this price. Call today !!

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: Jewel Avenue

NeighborhoodNIR Market*CityMarket2010Year2000201940k60k80k100k120k140k160k180kPrice in $33k185k

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

Neighborhood: Jewel Avenue

NeighborhoodNIR Market*CityMarket2015Year20092019 Q26007008009001000110012001300Rent in $5951380

* 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
Sleepy Hill Elementary School Primary Regular 675 45 4
Sleepy Hill Middle School Middle Regular 816 50 2
George W. Jenkins Senior High School High Regular 2,319 116 5

Sleepy Hill Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 45
4
GreatSchools Rating

Sleepy Hill Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 50
2
GreatSchools Rating

George W. Jenkins Senior High School

  • Education Level: High
  • # of students: 2,319
  • # of teachers: 116
5
GreatSchools Rating
 

$121,410$148,390$134,900

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$498
Property Tax -$164
Property Insurance -$96
Property Management Fees -$80
CASH FLOW
$252

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.

$134,900

PROJECTED PRICE

$1,090

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$41,499

INVESTMENT

$41,499

Down Payment
$33,725
Rehab Estimate
$5,750
Closing Costs
$2,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$498

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $33,725
Loan Amount $101,175
See What Happens When You Reinvest Cash Flow

13.75

YEARS SAVED

$35,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,093

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$975
1$9752$1,0903$1,1004$1,1005$1,195
$1,195
RENT COMPS ANALYSIS
  • 1133 N Brunnell Pkwy Lakeland, FL 2
    • 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $1.03
    •  
  • 609 Saratoga Ave Lakeland, FL 1
    • 3 beds 1 baths ∙ 925 Sqft ∙ Built 1962 3 beds 1 baths ∙ 925 Sqft ∙ Built 1962
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $1.05
    •  
  • 704 Candyce Ave Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,067 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,067 Sqft ∙ Built 1961
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.03
    •  
  • 1317 Robert King High Dr Lakeland, FL 4
    • 3 beds 2 baths ∙ 1,045 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,045 Sqft ∙ Built 1973
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.05
    •  
  • 709 N Brunnell Pkwy Lakeland, FL 5
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1959
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.01
    •  
PROPERTY LISTING DETAILS
Chad Karr
1.863.860.3620
Keller Williams Realty Smart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919192
Last Updated: 11/11/2020
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