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1419 Cristo Rey Pl Plant City, FL 33566

3 Beds 2 Baths 1,353 sqft Built 2008

$200,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $147.82
  • 3 Days on Market
  • MLS # : T3277122
  • Updated Date : 11/20/2020 at 11:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,353 sqft
  • Baths : 2 full
Listing Agent

Fischbach Land Company Llc

Listing Agent's Description

MOVE IN READY! VIRTUAL, WALK-THROUGH TOUR AVAILABLE! This well-maintained 3BR/2BA home features granite counters, fresh paint and is truly a blank slate ready for your personal touch! The large lot has green and growing oak trees and plenty of room to run. Spacious bedrooms, open floor plan, and screened back porch are part of what make this home such a great find! The neighborhood is a small, gated community of homes on half-acre lots.

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

Zip Code: 33566

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $79k288k

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

Zip Code: 33566

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8121590

* 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
Dover Elementary School Primary Regular 710 57 3
Turkey Creek Middle School Middle Regular 999 71 2
Strawberry Crest High School High Magnet 2,241 126 7

Dover Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 57
3
GreatSchools Rating

Turkey Creek Middle School

  • Education Level: Middle
  • # of students: 999
  • # of teachers: 71
2
GreatSchools Rating

Strawberry Crest High School

  • Education Level: High
  • # of students: 2,241
  • # of teachers: 126
7
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$738
Property Tax -$267
Property Insurance -$115
HOA -$121
Property Management Fees -$80
CASH FLOW
-$31

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.

$200,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$12,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,323

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2903$1,3504$1,4355$1,549
$1,549
RENT COMPS ANALYSIS
  • 1419 Cristo Rey Pl Plant City, FL 2
    • 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.95
    •  
  • 4666 Copper Ln Plant City, FL 1
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 2000
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.00
    •  
  • 4706 Breeze Ave Plant City, FL 3
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1996
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
  • 4406 Country Hills Blvd Plant City, FL 4
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2005
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.99
    •  
  • 4716 Hunts Ct Plant City, FL 5
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1995
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.95
    •  
PROPERTY LISTING DETAILS
Melissa Raburn
1.813.478.1213
Fischbach Land Company Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277122
Last Updated: 11/20/2020
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