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2132 Longleaf Cir Lakeland, FL 33810

3 Beds 2 Baths 2,567 sqft Built 1999

$357,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $139.42
  • 6 Days on Market
  • MLS # : T3288056
  • Updated Date : 02/05/2021 at 07:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,567 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

Gorgeous ErnieWhite Pool home in Beautiful Bloomfield Hills is move-in ready. There is plenty of space to spread out in this three bedroom two bath home that includes a family room with a Gas Fireplace, living room, formal and casual dining areas, and a den/office. Outside enjoy the screened lanai by the refreshing POOL. Decorative features include volume ceilings, planter shelves, granite kitchen counters, matching kitchen appliances, and stainless refrigerator. Dual sinks in both bathrooms, jetted garden tub with separate shower, and walk-in closets in master bath. New Carpet 2020. New Pool Screen January 2017. New Roof December 2018, New Gutters January 2019, New Drain Field February 2019, Pool Heat Pump March 2019.

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: Bloomfield Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280k300kPrice in $57k311k

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

Neighborhood: Bloomfield Hills

NeighborhoodNIR Market*CityMarket2015Year20092019 Q280090010001100120013001400150016001700180019002000Rent in $7652010

* 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
Sleepy Hill Elementary School Primary Regular 675 45 4
Sleepy Hill Middle School Middle Regular 816 50 2
Kathleen Senior High School High Regular 2,124 107 2

Sleepy Hill Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 45
4
GreatSchools Rating

Sleepy Hill Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 50
2
GreatSchools Rating

Kathleen Senior High School

  • Education Level: High
  • # of students: 2,124
  • # of teachers: 107
2
GreatSchools Rating
 

$322,110$393,690$357,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,243
Property Tax -$402
Property Insurance -$183
HOA -$31
Property Management Fees -$129
CASH FLOW
$162

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.

$357,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 3.80%
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$20k

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$100,594

INVESTMENT

$100,594

Down Payment
$89,475
Rehab Estimate
$5,750
Closing Costs
$5,369

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,243

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,475
Loan Amount $268,425
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$33,465

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,970

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$2,0004$2,1505$2,275
$2,275
RENT COMPS ANALYSIS
  • 2132 Longleaf Cir Lakeland, FL 4
    • 3 beds 2 baths ∙ 2,567 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,567 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 7320 Hunters Greene Cir Lakeland, FL 1
    • 3 beds 3 baths ∙ 2,367 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,367 Sqft ∙ Built 2004
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.72
    •  
  • 414 Heatherpoint Dr Lakeland, FL 2
    • 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 1708 Prima Lago Ter Lakeland, FL 3
    • 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2018
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 2245 Malachite Dr Lakeland, FL 5
    • 4 beds 4 baths ∙ 2,747 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,747 Sqft ∙ Built 1999
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.83
    •  
PROPERTY LISTING DETAILS
Al Demellier
1.813.760.9784
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288056
Last Updated: 02/05/2021
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