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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $154.77
- 2 Days on Market
- MLS # : L4923799
- Updated Date : 07/12/2021 at 17:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,067 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Smart
Listing Agent's Description
This 4 bedroom, 2.5 bathroom home is located on a quiet, well-maintained street. You'll be greeted by the terrazzo front porch and double-door entry. As you step inside, the home offers a large formal living room and dining room. The spacious kitchen offers wood cabinets and a window over the sink, peeking into the backyard. The kitchen opens to the family room that features wood floors, a wood-burning fireplace and sliding doors leading to the screened-in patio. The half bath is conveniently located just off the kitchen as well as the inside laundry. The laundry area offers cabinets for extra storage and an entry/exit to the backyard. The paver pad just off this entry is the perfect place for grilling! The fenced-in backyard has mature landscaping that offers privacy and a sense of being away from it all. In addition to the amazing location, this well-maintained home has a Generac system (installed in 2020)!! You never have to worry about losing power again! The roof was replaced in 2019, the AC in 2018, the carpets have been freshly cleaned, and the septic tank was just pumped.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Hallam Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hallam Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$389 | |
| Property Insurance | -$154 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$63
|
||
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.
$319,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,524
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
4.25
YEARS SAVED
$12,618
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,674
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
1515 Hallam Ct S Lakeland, FL 4
- 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,720
- $0.83
-
1116 E Devonshire Ln Lakeland, FL 1
- 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1985
LEASED 12/16/20- Rent
- Rent Per SQFT
- $1,450
- $0.77
-
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
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
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,650
- $0.75
-
4412 Hallam Hill Ln Lakeland, FL 5
- 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1977
LEASED 01/08/21- Rent
- Rent Per SQFT
- $1,795
- $0.89
PROPERTY LISTING DETAILS
1.863.680.9988
Keller Williams Realty Smart
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4923799
Last Updated: 07/12/2021
