Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1715 Oakwood Estates Dr Plant City, FL 33563

3 Beds 2 Baths 2,163 sqft Built 2005

$319,888

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $147.89
  • 5 Days on Market
  • MLS # : U8113492
  • Updated Date : 02/20/2021 at 09:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,163 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

MUST SEE! You won't want to miss this amazing open split floor plan featuring: 3 bedrooms, 2 full baths with attached 2 car garage home is located in the highly desired Private GATED Community of Oakwood Estates. Recently renovated inside and out. Kitchen consists of 42” Designer All wood cabinets, stainless-steel appliances, granite counter-tops, a large island and a spacious kitchen bar top, which overlooks the large family room, allowing plenty of entertaining interaction with Family and Friends. The spacious Owners Suite has a large walk-in closet and lovely over-sized French doors that allows private access to the paved screened-in lanai. The upgraded en-suite bath features dual sinks, granite countertops, new lighting fixtures, garden tub and a very large tiled walk-in shower. This home is equipped with a stunning spacious formal living Room and a family room both with Large French doors leading to the screened in paved lanai, cut-out tray ceilings with new over-sized ceiling fans. The full guest bath has granite counter top, tiled bath and shower area with updated fixtures. Back yard features a fire pit and a 6’ PVC privacy fence. Pavers adorn the driveway and entrance. Freshly painted inside and out along with new landscaping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Improvement League of Plant City

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k238k

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

Neighborhood: Improvement League of Plant City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7451590

* 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
Burney Elementary School Primary Regular 359 42 3
Tomlin Middle School Middle Regular 1,608 104 4
Plant City High School High Regular 2,219 122 5

Burney Elementary School

  • Education Level: Primary
  • # of students: 359
  • # of teachers: 42
3
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
 

$287,899$351,877$319,888

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,111
Property Tax -$343
Property Insurance -$162
HOA -$36
Property Management Fees -$129
CASH FLOW
-$91

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.

$319,888

PROJECTED PRICE

$1,690

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,520

INVESTMENT

$90,520

Down Payment
$79,972
Rehab Estimate
$5,750
Closing Costs
$4,798

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,972
Loan Amount $239,916
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,725

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6903$1,8004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 1715 Oakwood Estates Dr Plant City, FL 2
    • 3 beds 2 baths ∙ 2,163 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,163 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.78
    •  
  • 1605 S Golfview Dr Plant City, FL 1
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1986
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
  • 1016 Ashentree Dr Plant City, FL 3
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2018
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 806 Wiltonway Dr Plant City, FL 4
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2017
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 807 Wiltonway Dr Plant City, FL 5
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2017
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
PROPERTY LISTING DETAILS
Mike Smithweck
1.813.917.7985
Exp Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8113492
Last Updated: 02/20/2021
BESbswy