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3016 Via Parma St Plant City, FL 33566

3 Beds 2 Baths 2,872 sqft Built 2013

$349,500

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $121.69
  • 7 Days on Market
  • MLS # : T3280019
  • Updated Date : 12/17/2020 at 10:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,872 sqft
  • Baths : 2 full
Listing Agent

Leap Realty Group Llc

Listing Agent's Description

YES THIS IS TRUE! A HOME IS AVAILABLE FOR SALE IN WALDEN POINT. COME AND VIEW THIS VERY WELL MAINTAINED TWO STORY HOME WITH FEATURES GALORE. UPSTAIRS BONUS ROOM WITH SURROUND SOUND SPEAKERS IN CEILING-ALL BEDROOMS DOWNSTAIRS-OVERSIZED WALK IN PANTRY-AC HANDLER 2019-AC COMPRESSOR 2014- SPLIT ZONE TEMP CONTROL. ROOF 2014- INTEGRATED TAEXX PEST CONTROL SYSTEM-WATER HEATER 2014-ENERGY EFFICIENT WINDOWS-ADT HARDWIRED SECURITY-GOOGLE NEST CAMERA'S INC (3) INC-LARGE ATTIC STORAGE SPACE-DOUBLE OVEN-HOOK UP FOR PORTABLE OR INSTALLED GENERATOR-STAINLESS STEEL APPLIANCES INC. I RAN OUT OF ROOM SO YOU WILL HAVE TO COME AND SEE EVERYTHING ELSE THIS HOME HAS TO OFFER. :)

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Walden Lake

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $79k359k

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

Neighborhood: Walden Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8122007

* 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
Turkey Creek Middle School Middle Regular 999 71 2
Durant High School High Regular 2,303 117 5

Trapnell Elementary School

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

Turkey Creek Middle School

  • Education Level: Middle
  • # of students: 999
  • # of teachers: 71
2
GreatSchools Rating

Durant High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 117
5
GreatSchools Rating
 

$314,550$384,450$349,500

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,290
Property Tax -$400
Property Insurance -$204
HOA -$33
Property Management Fees -$129
CASH FLOW
$64

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.

$349,500

PROJECTED PRICE

$2,120

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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$20k

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$98,368

INVESTMENT

$98,368

Down Payment
$87,375
Rehab Estimate
$5,750
Closing Costs
$5,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,290

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,375
Loan Amount $262,125
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$38,408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,010

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8953$2,1004$2,120
$2,120
RENT COMPS ANALYSIS
  • 3016 Via Parma St Plant City, FL 4
    • 3 beds 2 baths ∙ 2,872 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,872 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.74
    •  
  • 3020 Azalea Blossom Dr Plant City, FL 1
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2008
    property image
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.65
    •  
  • 3108 Magnolia Meadows Dr Plant City, FL 2
    • 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 2008
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.66
    •  
  • 1310 Little Alafia Dr Plant City, FL 3
    • 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
Korey Hoger
1.813.538.3951
Leap Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280019
Last Updated: 12/17/2020
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