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

2477 Colonel Ford Dr Lakeland, FL 33813

4 Beds 2 Baths 2,150 sqft Built 2002

$349,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $162.74
  • 6 Days on Market
  • MLS # : T3290528
  • Updated Date : 02/18/2021 at 11:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,150 sqft
  • Baths : 2 full
Listing Agent

Weichert Realtors Yates& Assoc

Listing Agent's Description

MULTIPLE OFFERS RECEIVED- seller is requesting the highest and best offers by Friday 2/19 at 4 pm. You are going to love this 4 bedroom, 2 bath, pool home in the gated community of Benford Heights! This beautiful home features; fresh paint interior and exterior, fresh landscape, brand new smart thermostat, and new plumbing on the pool in the fully screened and partially covered back lanai. From the moment you enter through the beautiful leaded glass front door, you will see the formal dining and living space with wood floors leading into the kitchen and family room. With windows all around, the living space is endlessly bright and gives a great view of the pool area that is perfect for lounging and relaxing. The split floor plan gives privacy to all, leaving the 4th bedroom that is currently being used as an office for all of your work and/or school from home needs, and master suite, fully equipped with tray ceiling, sliding doors to the lanai, and master bath featuring a garden tub, separate shower, dual sinks and his and her closets. The 4th bedroom closet was converted to open to the hallway but can easily be converted back. The family room has a fireplace, built-in shelving, tray ceiling, with ceiling fan is open to the kitchen and leads into the 2 large secondary bedrooms and full bath, with a sliding door between the sink and shower/toilet room. Enjoy your evenings on the back patio with plenty of space to enjoy listening to the peaceful fountain in the pool or by the firepit in the fully fenced backyard. Centrally located near Lakeland Highlands, you have all of the conveniences available close to home and a great school zone to top it off. You don't want to miss your chance to see it, make an appointment today!

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: Benford Heights

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $56k298k

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

Neighborhood: Benford Heights

NeighborhoodNIR Market*CityMarket2015Year20092019 Q21000110012001300140015001600170018001900Rent in $9081942

* 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
Valleyview Elementary School Primary Regular 726 45 8
Lakeland Highlands Middle School Middle Regular 1,217 66 6
George W. Jenkins Senior High School High Regular 2,319 116 5

Valleyview Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 45
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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,215
Property Tax -$385
Property Insurance -$159
HOA -$42
Property Management Fees -$129
CASH FLOW
$0

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.

$349,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.55%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$19,119

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,693

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7004$1,9005$1,930
$1,930
RENT COMPS ANALYSIS
  • 2477 Colonel Ford Dr Lakeland, FL 5
    • 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.90
    •  
  • 2930 Hickory Ridge Dr Lakeland, FL 1
    • 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2002
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 2123 Glen Heights Pl Lakeland, FL 2
    • 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1996
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 6632 Englelake Dr Lakeland, FL 3
    • 4 beds 2 baths ∙ 2,327 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,327 Sqft ∙ Built 1990
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
  • 6853 Bushnell Dr Lakeland, FL 4
    • 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2006
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.77
    •  
PROPERTY LISTING DETAILS
Kathryn Wingad
1.201.953.5745
Weichert Realtors Yates& Assoc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3290528
Last Updated: 02/18/2021
BESbswy