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3209 Concord Way 
Plant City, FL
33566
4 Beds 3 Baths 2,414 sqft
Built 1991
INVESTimate
$290,000
List Price
$82,600
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PROPERTY INFO
FACTS
- Built In 1991
- Price/Sqft : $120.13
- 2 Days on Market
- MLS # : T3261236
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,414 sqft
- Baths : 3 full
Listing Agent
Better Homes And Gardens Real Estate Ellie & Assoc
Listing Agent's Description
Welcome home!!! As you pull up to your new home you immediately notice the attractive curb appeal. This 4 bedroom, 3 bath has the only 3 car garage in the immediate area. As you enter the home you walk through the foyer and into the formal living and dining areas, that have a perfect view of the back patio, through the glass sliding doors. This home is a split floor plan, starting with the large master suite at the front of the home. The master bedroom has a large walk in closet, glass sliding doors that lead to the patio and a en-suite bathroom that is complete with a double vanity, a garden tub and walk-in shower. Three guest bedrooms are on the back of the home with an additional bathroom. The large guest bathroom has a double vanity and a door leading to the back patio. The huge eat-in kitchen is the center of the home and open to the living room, so the chef never feels left out! Off the kitchen there is a laundry room and entry into the garage. The 3 car garage is complete with a bathroom that is perfect for using during yard work and showering off before coming inside. There are additional sliding glass doors off the living room and one guest bedroom that leads you onto the patio. Enjoy your over sized, screened in patio while drinking your morning coffee or in the evening from the sauna. The sauna has a brand new pump with a 3 year warranty. The backyard is fully fenced in for privacy and there is a irrigation system in the front and back yard. Sellers are providing $5,000 for new flooring at closing!!!
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Walden Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Walden Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$311 | |
| Property Insurance | -$177 | |
| HOA | -$49 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$73
|
||
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.
$290,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.29% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,600
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
7.67
YEARS SAVED
$33,572
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,829
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
3209 Concord Way Plant City, 1
- 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,760
- $0.73
-
3022 Azalea Blossom Dr Plant City, 2
- 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, 3
- 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
-
2906 Aston Ave Plant City, 4
- 3 beds 4 baths ∙ 2,546 Sqft ∙ Built 1991 3 beds 4 baths ∙ 2,546 Sqft ∙ Built 1991
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,839
- $0.72
-
4212 Kipling Ave Plant City, 5
- 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 1990
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,845
- $0.79
PROPERTY LISTING DETAILS
1.813.484.9499
Better Homes And Gardens Real Estate Ellie & Assoc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3261236
Last Updated: 08/26/2020
