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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $125.23
- 2 Days on Market
- MLS # : T3280883
- Updated Date : 12/19/2020 at 14:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,235 sqft
- Baths : 2 full , 1 half
Listing Agent
Weathervane Realty Llc
Listing Agent's Description
Distressed Property Disclaimer: This Spacious Subdivision Home, well designed Floorplan is in need of IMMEDIATE REHAB! Contemporary style 4bed /2.5bathin Paddocks PH 3 of Walden Lakes Living room is half step down, family space with fireplaces on 1st & second flrs. MASTER SUITE IS A MUST SEE!!! Dual sided fireplace in spacious Tub. Shower, dressing area and private commode 2nd flr private balcony LANIA off Master Suite. Interior Laundry Room is conveniently off Kitchen, leads to ample 2 car Garage. List of TLC ITEMS: ROOF & WATER DAMAGE ! Flooring is cleaned Out. Flea Extermination Ordered. THIS IS A MUST SEE! House is being sold as-is, SERIOUSLY DISCOUNTED BASED ON CONDITION! Seller can deliver immediately: Warranty Deed ,clear title, County Tax Paid. BUYER is to pay all closing costs. Buyer/Buyer's Agent is not to relying on any representations, whether written or oral, regarding the properties above. Price based on a CASH OFFER , thereby net to seller. All offers require a $6000 refundable earnest deposit, 10 day Right of Inspection, 30 day close of escrow. Every effort is expended to Produce & Publish the most accurate information as possible from multiple sources. Buyer & Buyer’s agent are responsible to INSPECT & VERIFY all aspects of the subject property as there are no warranties, expressed or implied thereby all terms and conditions must be in writing. CLEAR TITLE READY TO CLOSE. FULLY WARRANTY DEED
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: Improvement League of Plant City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Improvement League of Plant City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$300 | |
| Property Insurance | -$166 | |
| HOA | -$50 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$202
|
||
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.
$279,900
PROJECTED PRICE
$1,880
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
10
YEARS SAVED
$46,642
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,877
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1807 Hitching Post Pl Plant City, FL 5
- 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $1,880
- $0.84
-
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
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,595
- $0.80
-
1701 Brookstone Way Plant City, FL 2
- 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1999
![property image]()
LEASED 07/26/19- Rent
- Rent Per SQFT
- $1,670
- $0.88
-
2402 Sprucewood Ln Plant City, FL 3
- 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1981
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,695
- $0.83
-
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
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,850
- $0.85
PROPERTY LISTING DETAILS
1.813.245.6857
Weathervane Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3280883
Last Updated: 12/19/2020
