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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $150.85
- 2 Days on Market
- MLS # : T3281446
- Updated Date : 12/20/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,886 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Beautiful Multi-Generational Home in Walden Lakes! This beautiful 4 bedroom 3 bath home has been upgraded with solid HARDWOOD floors throughout, Master Bath and second Guest Bath have been newly remodeled and updated, and the crown jewel is that GORGEOUS kitchen- Completely remodeled with can lighting, solid GRANITE counter tops and SOLID Maple cabinetry. The owners had the entire home re-plumbed with PVC piping! The oversized screened in Lanai is perfect for entertaining, the newly installed french doors open the formal living room to your outdoor gathering area! Fenced in backyard offers privacy and plenty of room for planting your favorite flowers! Looking for a little bit of a nostalgia? How about a fireplace to provide ambiance or warm your toes during our rare Florida winter cool downs. This split floor plan is ideal for a multi-generational family, the separate Mother-In-Law suite provides privacy and a full bath with a walk-in shower. Wonderful neighborhood and steps away from the community pool make this the IDEAL home for you!
SEE MORE
- 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: Walden Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Walden Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,050 |
| Property Tax | -$305 | |
| Property Insurance | -$146 | |
| HOA | -$21 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$30
|
||
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.
$284,500
PROJECTED PRICE
$1,620
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| 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
$81,143
LOAN DETAILS
$1,050
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,125 |
| Loan Amount | $213,375 |
6.08
YEARS SAVED
$22,887
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,551
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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1406 Teakwood Dr Plant City, FL 4
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- $1,620
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1024 Redbud Cir Plant City, FL 1
- 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1983
LEASED 09/30/19- Rent
- Rent Per SQFT
- $1,400
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1605 S Golfview Dr Plant City, FL 2
- 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1986
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,595
- $0.80
-
1310 Mendonsa Rd Plant City, FL 3
- 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1988
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,599
- $0.88
-
2402 Sprucewood Ln Plant City, FL 5
- 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1981
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,695
- $0.83
PROPERTY LISTING DETAILS
1.941.465.6794
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3281446
Last Updated: 12/20/2020
