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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $160.13
- 2 Days on Market
- MLS # : T3287636
- Updated Date : 01/31/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,337 sqft
- Baths : 2 full
Listing Agent
Future Home Realty Inc
Listing Agent's Description
A sizzling Woodfield Village Home with 2 bedrooms, room for a third, 2 baths, 2 car garage house ready for its new homeowner. So hot! Be careful not to burn your hands on the door when you walk in. The size of the living room and the main bedroom is extraordinary! The home is located centrally in beautiful Plant City. It was completely re-plumbed in 2017. In the kitchen, you will find all stainless steel appliances. Timeless tile throughout the home. The 11x24 shed has a loft and previously had a car stored in it.
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
Neighborhood: Improvement League of Plant City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Improvement League of Plant City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$744 |
| Property Tax | -$229 | |
| Property Insurance | -$114 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$124
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$214,100
PROJECTED PRICE
$1,340
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 10.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$62,487
LOAN DETAILS
$744
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,525 |
| Loan Amount | $160,575 |
9.42
YEARS SAVED
$27,789
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,337
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
1309 W Redbud St Plant City, FL 2
- 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,340
- $1.00
-
1301 Oak Pointe Pl Plant City, FL 1
- 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 2000
LEASED 11/13/19- Rent
- Rent Per SQFT
- $1,275
- $1.02
-
118 Orange Bud Way Plant City, FL 3
- 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 2004
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,495
- $1.01
-
2006 E Timberlane Dr Plant City, FL 4
- 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1979
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,550
- $0.97
-
1001 Sandalwood Dr Plant City, FL 5
- 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1979
LEASED 11/12/20- Rent
- Rent Per SQFT
- $1,599
- $1.00
PROPERTY LISTING DETAILS
1.813.410.1334
Future Home Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3287636
Last Updated: 01/31/2021
