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1427 Piccadilly Pl Lakeland, FL 33803

4 Beds 2 Baths 1,783 sqft Built 1999

$249,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $139.65
  • 2 Days on Market
  • MLS # : T3277349
  • Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,783 sqft
  • Baths : 2 full
Listing Agent

Dream Realty Group

Listing Agent's Description

Home Sweet Home! This Beautiful 4 Bedroom 2 Bath home has been meticulously maintained. NO HOA! This home is located right off of Harden Blvd. conveniently located to Lakeside village, Downtown, Shopping, restaurants, and Medical facilities. Upon entry you are greeted with a spacious open floor with a combined living and dining room area perfect for entertaining. Split floor plan. Inside utility room located off of the kitchen. The master bedroom is very spacious with a walk in closet. The Roof was replaced 2 years ago and the AC was replaced 5 years ago. Step outside to the screened in back porch. Privacy fence around the backyard. Shed for extra storage. Enjoy the peacefulness of your own backyard oasis. This home has so much to offer! You do not want to miss out! Call today to schedule your showing!

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: Wildwood Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $57k185k

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

Neighborhood: Wildwood Park

NeighborhoodNIR Market*CityMarket2015Year20092019 Q2800850900950100010501100115012001250130013501400Rent in $7651432

* 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
Dixieland Elementary School Primary Regular 460 32 3
Sleepy Hill Middle School Middle Regular 816 50 2
Lakeland Senior High School High Regular 2,139 117 5

Dixieland Elementary School

  • Education Level: Primary
  • # of students: 460
  • # of teachers: 32
3
GreatSchools Rating

Sleepy Hill Middle School

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

Lakeland Senior High School

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

$224,100$273,900$249,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$919
Property Tax -$303
Property Insurance -$138
Property Management Fees -$80
CASH FLOW
$160

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.

$249,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 6.3%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$33,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,689

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,5994$1,6005$1,795
$1,795
RENT COMPS ANALYSIS
  • 1427 Piccadilly Pl Lakeland, FL 4
    • 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 312 Kerneywood St Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1986
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 1411 W Patterson St Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2019
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 2323 Silver View Dr Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2018
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.89
    •  
  • 3215 Oakpark Dr Lakeland, FL 5
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1994
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
PROPERTY LISTING DETAILS
Megan Jones
1.863.443.0702
Dream Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277349
Last Updated: 11/22/2020
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