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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Benford Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
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
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2477 Colonel Ford Dr Lakeland, FL 5
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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
1.201.953.5745
Weichert Realtors Yates& Assoc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3290528
Last Updated: 02/18/2021
