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3202 Azalea Blossom Dr Plant City, FL 33567

4 Beds 2 Baths 1,851 sqft Built 2017

$285,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $153.97
  • 3 Days on Market
  • MLS # : T3296001
  • Updated Date : 03/20/2021 at 17:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,851 sqft
  • Baths : 2 full
Listing Agent

Re/max Dynamic

Listing Agent's Description

Welcome to Magnolia Green in peaceful and picturesque Plant City! This gorgeous 4 bedroom, 2 bathroom, 2-car garage newer built DR Horton home sits on a LARGE CORNER LOT, and offers 1,828 SqFt, as well as an OPEN CONCEPT FLOOR PLAN for your entertainment, comfort, and living. Your attention will immediately be drawn to pristine CURB APPEAL with a covered entry that guides you into this beauty! The WONDERFUL kitchen boasts tall cabinetry, a full appliance package, EASY-TO-MAINTAIN tile flooring, and a breakfast bar open to living room, and the dining area, which offers SLIDING GLASS DOORS that leads to the SCREENED-IN LANAI. The SPACIOUS family room offers ample space, and can easily accommodate larger furniture. The master bedroom features a WALK-IN CLOSET, as well as an en-suite bathroom with a WALK-IN SHOWER, DUAL VANITIES, a second closet, and a water closet!! The additional bedrooms offer ample space, and their bright windows allow for LOTS OF NATURAL LIGHT to illuminate the rooms. The LARGE laundry room features cabinetry for EXTRA STORAGE. The FULLY-FENCED backyard boasts a FIRE PIT area with pavers and gravel, as well as a SCREENED-IN LANAI, while also offering plenty of EXTRA SPACE! In addition, this home offers a water softener, gutters around the front door area, blinds on all windows, and there is a 2-foot easement for TECO on the outside of the fence, but it's still party of the property. Magnolia Green offers a beautiful pool and cabana, large park and a separate playground, all for a low HOA and NO CDD!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$990
Property Tax -$311
Property Insurance -$144
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.

$285,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$16,198

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,567

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5703$1,6654$1,699
$1,699
RENT COMPS ANALYSIS
  • 3202 Azalea Blossom Dr Plant City, FL 2
    • 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.85
    •  
  • 3504 Trapnell Ridge Dr Plant City, FL 1
    • 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 2006
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.82
    •  
  • 3218 Magnolia Garden Dr Plant City, FL 3
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2007
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.86
    •  
  • 3106 Magnolia Meadows Dr Plant City, FL 4
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2008
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.86
    •  
PROPERTY LISTING DETAILS
Andrew Duncan
1.813.501.3939
Re/max Dynamic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296001
Last Updated: 03/20/2021
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