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1710 Brookstone Way Plant City, FL 33566

3 Beds 2 Baths 1,875 sqft Built 2000

$294,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $157.28
  • 3 Days on Market
  • MLS # : T3280193
  • Updated Date : 12/12/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,875 sqft
  • Baths : 2 full
Listing Agent

Keller Williams-plant City

Listing Agent's Description

Gorgeous Home on conservation and steps to Walden Lake walking trail.   Come take a look at this move in ready 3 bedroom 2 bath pool  home in Spring Meadow. Enjoy no backyard neighbors and a view of the pond. This 3 bedroom, 2 bath home has been lovingly cared for and it shows. Many items have been upgraded or replaced, including a roof (9/12), ac unit replaced in 2020 and new irrigation timer control (2018). This home features a split plan and an inside utility room, Formal living and dining rooms, a large family room to accommodate all your guests. The lanai area offers a great opportunity to relax and overlook the conservation area behind the home. Walden Lake offers miles of walking and biking trails, a lakefront park with a playground, fishing dock, butterfly garden and more, a sports complex and large and small dog parks. Stop fighting traffic, come see all Historic Plant City has to offer. Buyer to verify all information including room sizes.

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Walden Lake

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $79k359k

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

Neighborhood: Walden Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8122007

* 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
Walden Lake Elementary School Primary Regular 888 60 6
Tomlin Middle School Middle Regular 1,608 104 4
Plant City High School High Regular 2,219 122 5

Walden Lake Elementary School

  • Education Level: Primary
  • # of students: 888
  • # of teachers: 60
6
GreatSchools Rating

Tomlin Middle School

  • Education Level: Middle
  • # of students: 1,608
  • # of teachers: 104
4
GreatSchools Rating

Plant City High School

  • Education Level: High
  • # of students: 2,219
  • # of teachers: 122
5
GreatSchools Rating
 

$265,410$324,390$294,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,088
Property Tax -$316
Property Insurance -$145
HOA -$53
Property Management Fees -$129
CASH FLOW
$48

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.

$294,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,899

INVESTMENT

$83,899

Down Payment
$73,725
Rehab Estimate
$5,750
Closing Costs
$4,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,725
Loan Amount $221,175
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$32,097

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,7803$1,8004$1,8505$1,875
$1,875
RENT COMPS ANALYSIS
  • 1710 Brookstone Way Plant City, FL 2
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.95
    •  
  • 1701 Brookstone Way Plant City, FL 1
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1999
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.88
    •  
  • 3211 Concord Way Plant City, FL 3
    • 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1991
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 3007 Forest Club Dr Plant City, FL 4
    • 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 1989
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 1705 Sagebrush Rd Plant City, FL 5
    • 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1986
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.95
    •  
PROPERTY LISTING DETAILS
Natalie Sweet
1.813.966.4304
Keller Williams-plant City
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280193
Last Updated: 12/12/2020
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