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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntington Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $62,500 |
Loan Amount | $187,499 |
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
PROPERTY LISTING DETAILS
1.863.670.0581
Bhhs Florida Properties Grp
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4920133
Last Updated: 01/08/2021