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2604 Holly Bluff Ct Plant City, FL 33566

4 Beds 3 Baths 2,748 sqft Built 2012

$295,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $107.35
  • 5 Days on Market
  • MLS # : T3283073
  • Updated Date : 01/07/2021 at 02:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,748 sqft
  • Baths : 2 full , 1 half
Listing Agent

Blue Sun Realty

Listing Agent's Description

So Much to Love! Fabulous Updates! Great Location! Pool Community! Culdesac Location! This is the home you have been waiting for... the kitchen is updated with new 2020 LG Black Stainless Appliances & is awesome! The home also has a HUGE Fenced Backyard with no neighbors behind your yard with a large pie-shape fenced yard with partial pond frontage and partial conservation privacy! The home has exquisite updates that are so hard to find including beautiful wood tile, iron rod staircase with wood stairs, updated kitchen with teal cabinets, under cabinet lights, drop lighting over the kitchen island with extended custom table, crown molding, and amazing pantry. The master bedroom is a dream bedroom with extra area for a bonus space. There is also 3 other bedrooms upstairs upstairs with extra bonus room and an upstairs private laundry room. This is an extraordinary home that will meet and exceed many wishlists. The home is an organizers home dream with lots storage in the garage and in closets. Come live in a beautiful home in a great community with a pool & playground for the family just walking distance. This home also features solar panels offering a super low electric bill of $15-55/m on average. NO CDD fees, Low HOA with fantastic amenities! Shopping, restaurants and major travel connector roads within minutes but also such a peaceful location. This home is awesome...come see for yourself!

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: Improvement League of Plant City

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k238k

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

Neighborhood: Improvement League of Plant City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7451590

* 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
Trapnell Elementary School Primary Regular 523 54 5
Tomlin Middle School Middle Regular 1,608 104 4
Plant City High School High Regular 2,219 122 5

Trapnell Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 54
5
GreatSchools Rating

Tomlin Middle School

  • Education Level: Middle
  • # of students: 1,608
  • # of teachers: 104
4
GreatSchools Rating

Plant City High School

  • Education Level: High
  • # of students: 2,219
  • # of teachers: 122
5
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,025
Property Tax -$316
Property Insurance -$196
HOA -$80
Property Management Fees -$129
CASH FLOW
$164

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$295,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$36,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,034

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,9103$1,9504$2,100
$2,100
RENT COMPS ANALYSIS
  • 2604 Holly Bluff Ct Plant City, FL 2
    • 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.70
    •  
  • 1724 Oakwood Estates Dr Plant City, FL 1
    • 4 beds 2 baths ∙ 2,451 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,451 Sqft ∙ Built 2004
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.66
    •  
  • 903 Ashentree Dr Plant City, FL 3
    • 5 beds 3 baths ∙ 2,540 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,540 Sqft ∙ Built 2019
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 1310 Little Alafia Dr Plant City, FL 4
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2005
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
PROPERTY LISTING DETAILS
Angela Inzerillo
1.813.230.4453
Blue Sun Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283073
Last Updated: 01/07/2021
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