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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $146.05
- 6 Days on Market
- MLS # : L4920313
- Updated Date : 01/19/2021 at 18:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,164 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Smart
Listing Agent's Description
Come and see this cute home located in a quiet neighborhood in North Lakeland. Perfect first home, retirement or rental property. Large fenced back yard for entertaining or for room for the dogs and kids to run. This home is ready for you to make it your own. Roof and AC replaced in 2007, drain field updated in 2013, replumbed in 2014, hot water heater replaced in 2019. Make an appointment now before it's gone.
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: Highland Grove East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Grove East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$590 |
| Property Tax | -$187 | |
| Property Insurance | -$102 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$161
|
||
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.
$170,000
PROJECTED PRICE
$1,170
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.82% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.73% |
| 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
$50,800
LOAN DETAILS
$590
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $42,500 |
| Loan Amount | $127,500 |
10.25
YEARS SAVED
$24,925
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$821
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
2322 Ridgeview Dr Lakeland, FL 5
- 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,170
- $1.01
-
7212 Pebble Pass Loop Lakeland, FL 1
- 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1995
LEASED 02/12/20- Rent
- Rent Per SQFT
- $900
- $0.65
-
2706 Shadywood Pl Lakeland, FL 2
- 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1991
LEASED 02/12/20- Rent
- Rent Per SQFT
- $975
- $0.69
-
2430 Cheshire Pl Lakeland, FL 3
- 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1979
LEASED 02/12/20- Rent
- Rent Per SQFT
- $995
- $0.71
-
7949 Indian Heights Dr Lakeland, FL 4
- 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1990
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,050
- $0.77
PROPERTY LISTING DETAILS
1.863.280.0000
Keller Williams Realty Smart
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4920313
Last Updated: 01/19/2021
