Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3018 Azalea Blossom Dr Plant City, FL 33567

5 Beds 3 Baths 2,356 sqft Built 2007

$308,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $130.73
  • 8 Days on Market
  • MLS # : T3287724
  • Updated Date : 02/03/2021 at 18:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,356 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Affiliated

Listing Agent's Description

One or more photo(s) has been virtually staged. Magnolia Green is a highly sought after community in the Plant City area with well maintained grounds and features such as a community pool and playground. Make it is easy to stay busy! This stunning custom built 5 bedroom 2 1/2 bath home beams with the pride of the one and only owners. This incredible property features high ceilings throughout with lots of natural light. The convenience of first floor master suite with a huge walk-in closet and downstairs laundry are key selling feature in todays market. Kitchen and dining room flow beautifully to the paradise like backyard. Along with being a full fenced in yard there 3 hammocks, 1 of which turns into a projector screens so you can enjoy the fire pit while watch movies year round! Going up the stairs you have full view of the downstairs living space. On the second floor you will find 4 additional bedrooms. Three of these bedrooms continue the trend of walk-in closets for maximum storage and organization. This home will not last long! Make your appointments today before it is too late!

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
Robinson Elementary School Primary Regular 570 54 4
Turkey Creek Middle School Middle Regular 999 71 2
Durant High School High Regular 2,303 117 5

Robinson Elementary School

  • Education Level: Primary
  • # of students: 570
  • # of teachers: 54
4
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
 

$277,200$338,800$308,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,070
Property Tax -$330
Property Insurance -$173
HOA -$42
Property Management Fees -$129
CASH FLOW
$46

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.

$308,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.58%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$87,370

INVESTMENT

$87,370

Down Payment
$77,000
Rehab Estimate
$5,750
Closing Costs
$4,620

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,000
Loan Amount $231,000
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$26,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,685
1$1,6852$1,7003$1,7904$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 3018 Azalea Blossom Dr Plant City, FL 3
    • 5 beds 3 baths ∙ 2,356 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,356 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.76
    •  
  • 3203 Magnolia Meadows Dr Plant City, FL 1
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2009
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.74
    •  
  • 4104 Kipling Ave Plant City, FL 2
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1987
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
  • 3022 Azalea Blossom Dr Plant City, FL 4
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2008
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 3019 Azalea Blossom Dr Plant City, FL 5
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2007
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
PROPERTY LISTING DETAILS
Alex Comiskey
1.813.739.9772
Century 21 Affiliated
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287724
Last Updated: 02/03/2021
BESbswy