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1842 Sandy Knoll Cir N Lakeland, FL 33813

4 Beds 3 Baths 2,602 sqft Built 1996

$389,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $149.50
  • 3 Days on Market
  • MLS # : L4920585
  • Updated Date : 01/29/2021 at 21:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,602 sqft
  • Baths : 3 full
Listing Agent

Remax Experts

Listing Agent's Description

South Lakeland 4 BR Pool home located on a quiet street off Live Oak! This gem of a home has a beautifully landscaped yard, and features lead glass double entry doors, a foyer, and both formal Living Room (overlooking pool) and Dining Room (to the right of foyer). From the foyer to the left are a short hall, a Study with double door entry (can be 4th bedroom), a hall bath that also services the pool area, and at the end of the hall a large Master Bedroom with tray ceiling and sliding glass doors leading out to the screened lanai and private pool! The Master has a beautifully updated Master bathroom, with separate tub and shower, separate vanities to keep the family peace, and his and her walk in closets. The Kitchen is centrally located and is spacious with plenty of granite counters, is open to the Family Room (which has lots of tasteful built-ins), and a nook for informal dining that looks out to the pool and lanai. The lanai has plenty of room for entertaining! On the south end of the home are two additional bedrooms that share a hall bath with tub and shower combo. An inside laundry room, that leads out to the side entry 2-car garage, is also close to the kitchen and south bedroom wing. A great lay out! Make your appointment to see it today!

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: Sandy Knoll

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350kPrice in $70k388k

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

Neighborhood: Sandy Knoll

NeighborhoodNIR Market*CityMarket2015Year20092019 Q210001200140016001800200022002400Rent in $9082587

* 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
Highlands Grove Elementary School Primary Regular 731 44 8
Lakeland Highlands Middle School Middle Regular 1,217 66 6
George W. Jenkins Senior High School High Regular 2,319 116 5

Highlands Grove Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 44
8
GreatSchools Rating

Lakeland Highlands Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 66
6
GreatSchools Rating

George W. Jenkins Senior High School

  • Education Level: High
  • # of students: 2,319
  • # of teachers: 116
5
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,351
Property Tax -$460
Property Insurance -$185
HOA -$48
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 12% of earned rent to cover both maintenance and periods of vacancy.

$389,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.82%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 3.73%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$15,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,8004$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1842 Sandy Knoll Cir N Lakeland, FL 5
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
  • 5320 Glenmore Dr Lakeland, FL 1
    • 5 beds 2 baths ∙ 2,736 Sqft ∙ Built 1977 5 beds 2 baths ∙ 2,736 Sqft ∙ Built 1977
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.58
    •  
  • 5465 Highlands Vista Cir Lakeland, FL 2
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1998
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 5875 Hollyhock Dr Lakeland, FL 3
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1992
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 2015 High Vista Dr Lakeland, FL 4
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
PROPERTY LISTING DETAILS
Andrea Dockery
1.863.802.5262
Remax Experts
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4920585
Last Updated: 01/29/2021
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