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1219 Robinswood Ct N Lakeland, FL 33813

4 Beds 2 Baths 2,251 sqft Built 1968

$289,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $128.79
  • 5 Days on Market
  • MLS # : L4919942
  • Updated Date : 12/24/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,251 sqft
  • Baths : 2 full
Listing Agent

Webpro Realty, Llc

Listing Agent's Description

Location, location, location! This 4/2 Pool Home is Located in the Heart of South Lakeland just off Lake Miriam Dr and Convenient to Everywhere. Offering Formal Dining and Living Rooms, Spacious Kitchen Complete with All Stainless Appliances, 2 Pantries and a Breakfast Bar Overlooking the Family Room with a Wood Burning Fireplace. Off the Kitchen is the Inside Laundry Room (Washer/Dryer Included) with Sink and 2 Car Garage. All Bedrooms, Formal Areas and Family Room Have Wood Laminate Flooring and Most Rooms Have Ceiling Fans. Step Outside the Family Room and Kitchen Area to the HUGE 23x14' Screened Lanai that Overlooks the Inground Pool and Fenced Backyard. Other Features and Updates Include: Tankless Hot Water Heater, Roof Replaced 2017, House Re-plumbed 2018, Double Pane Windows Installed 2010, Security System, New Motor on the Pool Pump and a Utility Shed.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
Lakeland Highlands Middle School Middle Regular 1,217 66 6
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

Lakeland Highlands Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 66
6
GreatSchools Rating

Lakeland Senior High School

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

$260,910$318,890$289,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,070
Property Tax -$365
Property Insurance -$165
Property Management Fees -$129
CASH FLOW
$111

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.

$289,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.63%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$30,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,801

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6504$1,8405$2,100
$2,100
RENT COMPS ANALYSIS
  • 1219 Robinswood Ct N Lakeland, FL 4
    • 4 beds 2 baths ∙ 2,251 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,251 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.82
    •  
  • 710 Orange Valley Cir Lakeland, FL 1
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1974
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.74
    •  
  • 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
    •  
  • 4660 Sherwood Ln Lakeland, FL 3
    • 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1968
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
  • 5175 Terry Ln Lakeland, FL 5
    • 3 beds 4 baths ∙ 2,385 Sqft ∙ Built 1963 3 beds 4 baths ∙ 2,385 Sqft ∙ Built 1963
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
PROPERTY LISTING DETAILS
Erin Harbuck
1.863.412.9893
Webpro Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919942
Last Updated: 12/24/2020
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