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3301 Kilmer Pl Plant City, FL 33566

4 Beds 3 Baths 2,512 sqft Built 1996

$329,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $131.33
  • 2 Days on Market
  • MLS # : T3285318
  • Updated Date : 01/17/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,512 sqft
  • Baths : 3 full
Listing Agent

Keller Williams-plant City

Listing Agent's Description

One or more photo(s) has been virtually staged. Large Walden Lake Home with Fantastic Floorplan & 3 Car Garage for lots of storage...Large Master Suite with Master Bathroom that centers around a garden tub with separate walk in shower & separate his & hers vanities. TWO WALK IN CLOSETS and a 14x18 bedroom will complete the Master Suite. The secondary bedrooms are all 12x11. Large Open Kitchen with island, pantry, slide out shelves, and eat in kitchen nook that overlooks the patio and well manicured yard. Grand Entry with a covered front patio and double door entry opening to Formal Dining room with huge windows & 10' ceilings for lots of BRIGHT, NATURAL LIGHT and formal family room with sliding doors. Several sliding doors that open to a screened lanai . The 4th bedroom could be used as an IN LAW SUITE or PRIVATE OFFICE with a separate entry door and its private bathroom with pocket door that separates from the living space of the home or an awesome Guest Room. The lot is oversized on a 1/3 acre corner lot with plenty of room to add a pool. The large 3 car garage with storage shelves has a utility sink. Interior has been recently painted and all carpets cleaned! Move right in! Walden Lake features miles of walking and biking trails, a lakefront park with a playground, butterfly garden, fishing pier, a sports complex, dog park and so much more! Stop fighting traffic, come see all Historic Plant City has to offer!

SEE MORE

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
Walden Lake Elementary School Primary Regular 888 60 6
Tomlin Middle School Middle Regular 1,608 104 4
Plant City High School High Regular 2,219 122 5

Walden Lake Elementary School

  • Education Level: Primary
  • # of students: 888
  • # of teachers: 60
6
GreatSchools Rating

Tomlin Middle School

  • Education Level: Middle
  • # of students: 1,608
  • # of teachers: 104
4
GreatSchools Rating

Plant City High School

  • Education Level: High
  • # of students: 2,219
  • # of teachers: 122
5
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,146
Property Tax -$394
Property Insurance -$183
HOA -$53
Property Management Fees -$129
CASH FLOW
-$45

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.

$329,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,884

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8394$1,8455$1,860
$1,860
RENT COMPS ANALYSIS
  • 3301 Kilmer Pl Plant City, FL 5
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.74
    •  
  • 4104 Kipling Ave Plant City, FL 1
    • 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 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
    •  
  • 2906 Aston Ave Plant City, FL 3
    • 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, FL 4
    • 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
Natalie Sweet
1.813.966.4304
Keller Williams-plant City
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285318
Last Updated: 01/17/2021
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