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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $142.71
- 3 Days on Market
- MLS # : L4919385
- Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,681 sqft
- Baths : 2 full
Listing Agent
Tribute Realty Llc
Listing Agent's Description
Be greeted by natural light with the front door transom window in the foyer. This great split floor plan home features a nest thermostat and the garage door opener is Wi-Fi enabled as well. There are tons of storage closets in this home. The home boasts tile floors in the main living areas: family, dining, kitchen, laundry, and bathrooms. Each bedrooms has carpet and features custom closet shelving. Enjoy doing laundry in this laundry room because of the folding counter. Garage shelving is negotiable. The master bedroom opens to the back screened lanai which goes out to your fenced back yard. The storage shed is staying. *Buyer to verify dimensions
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: Nottingham
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Nottingham
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$264 | |
| Property Insurance | -$132 | |
| HOA | -$13 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$3
|
||
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.
$239,900
PROJECTED PRICE
$1,370
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.82% |
| Appreciation Year (1-5) | 7.1% |
| 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
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
5.25
YEARS SAVED
$15,488
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,412
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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1563 Archers Path Lakeland, FL 2
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- Rent
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- $1,370
- $0.81
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1123 Ridgegreen Loop N Lakeland, FL 1
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,275
- $0.75
-
1018 Odoniel Dr Lakeland, FL 3
- 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1987
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LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,485
- $0.84
-
1529 Morning Dove Ct Lakeland, FL 4
- 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1989
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,495
- $0.76
-
1251 Timberidge Dr Lakeland, FL 5
- 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1988
![property image]()
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,650
- $1.01
PROPERTY LISTING DETAILS
1.863.669.0528
Tribute Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4919385
Last Updated: 11/21/2020
