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1711 Brookstone Way N Plant City, FL 33566

3 Beds 2 Baths 1,871 sqft Built 2001

$307,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

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
 

$276,300$337,700$307,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

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

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-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,105

INVESTMENT

$87,105

Down Payment
$76,750
Rehab Estimate
$5,750
Closing Costs
$4,605

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,750
Loan Amount $230,250
See What Happens When You Reinvest Cash Flow

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
$1,650
1$1,6502$1,7003$1,8004$1,8505$1,875
$1,875
RENT COMPS ANALYSIS
  • 1711 Brookstone Way N Plant City, FL 1
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 3304 Nohlcrest Pl Plant City, FL 2
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1995
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 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
Rachael Cornell
1.813.990.9469
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294117
Last Updated: 03/06/2021
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