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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $164.08
- 3 Days on Market
- MLS # : T3294117
- Updated Date : 03/06/2021 at 09:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,871 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Desirable Walden Lake home. This fenced 3/2/2 split floor plan with pool is waiting for you to call it your own. Beautiful curb appeal welcomes you to sit a while and relax at the front porch. Tile and bright windows continue to draw you in at the front entrance. Kitchen has been upgraded with granite counters, stainless appliance package and white cabinets. Spacious open areas are ready for your decorating expertise. Master bedroom has tray ceiling and slider outside with amazing pool view. Upgraded master bathroom allows you to create your tranquil space, dual closets and toilet closet has linen closet so there is room for it all! Secondary bedrooms have ample closet space and upgraded second bathroom is just waiting for you to move in. Outside covered area is perfect for outdoor dining or sitting, pool is self leveling and spacious enough to swim laps or splash around. There is still room to run around or catch some extra sun in the fenced back yard. Don't let someone scoop this up before you do! Make an offer now!!
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Walden Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Walden Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$329 | |
| Property Insurance | -$145 | |
| HOA | -$53 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$73
|
||
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.
$307,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,105
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,750 |
| Loan Amount | $230,250 |
5.17
YEARS SAVED
$16,244
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,661
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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1711 Brookstone Way N Plant City, FL 1
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- $1,700
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3211 Concord Way Plant City, FL 3
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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
1.813.990.9469
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3294117
Last Updated: 03/06/2021
