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2810 Honeywell Pl Lakeland, FL 33810

3 Beds 2 Baths 1,679 sqft Built 1997

$249,999

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $148.90
  • 4 Days on Market
  • MLS # : L4920133
  • Updated Date : 01/08/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,679 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Properties Grp

Listing Agent's Description

MOVE IN READY - Split Floor Plan. Very Clean. Lots of Storage. Lovely 3 bedroom, 2 bath home located in north Lakeland's Huntington Hills Golf and Country Club. This home features an open split floor plan. Very well maintained. The exterior is block/stucco construction, upgraded landscaping with automatic irrigation system. Newer AC system, new roof April 2017. The oversized 3 bay garage will further accommodate your storage needs or golf cart. Spacious 39x10 enclosed lanai will further enhance your living and entertainment needs. This limited access golf community offers a recreation center, fully equipped fitness/exercise facility, heated pool, spa and tennis courts, all included in your low annual HOA fees. Once your settled and moved in, a short distance away will take you to the shores of scenic Lake Lester. Here you can just relax and enjoy the spectacular view from the spacious dock or launch your boat from the convenient boat ramp. This amenity is also included with your annual HOA fees. Shopping and major roadways nearby.

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: Huntington Hills

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $70k259k

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

Neighborhood: Huntington Hills

NeighborhoodNIR Market*CityMarket2015Year20092019 Q29501000105011001150120012501300135014001450150015501600Rent in $9081634

* 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
Dr. N.e. Roberts Elementary School Primary Regular 661 47 6
Kathleen Middle School Middle Regular 764 42 4
Kathleen Senior High School High Regular 2,124 107 2

Dr. N.e. Roberts Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 47
6
GreatSchools Rating

Kathleen Middle School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 42
4
GreatSchools Rating

Kathleen Senior High School

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

$224,999$274,999$249,999

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$868
Property Tax -$275
Property Insurance -$132
HOA -$52
Property Management Fees -$129
CASH FLOW
-$36

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.

$249,999

PROJECTED PRICE

$1,420

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 5.4%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,499
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,359

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,221

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$975
1$9752$1,0903$1,4204$1,4355$1,495
$1,495
RENT COMPS ANALYSIS
  • 2810 Honeywell Pl Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.85
    •  
  • 7344 Floral Cir E Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.60
    •  
  • 6910 Scenic Hills Blvd Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.68
    •  
  • 7469 Briarbay Loop Lakeland, FL 4
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2000
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.84
    •  
  • 7145 Winkworth Pkwy Lakeland, FL 5
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 1998
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
PROPERTY LISTING DETAILS
Chuck Hoffman
1.863.670.0581
Bhhs Florida Properties Grp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4920133
Last Updated: 01/08/2021
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