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

3306 Kilmer Dr Plant City, FL 33566

4 Beds 2 Baths 2,335 sqft Built 1997

$339,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $145.57
  • 5 Days on Market
  • MLS # : T3277899
  • Updated Date : 11/26/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,335 sqft
  • Baths : 2 full
Listing Agent

Keller Williams-plant City

Listing Agent's Description

Walden Lake Listing located in the Emerald Forest Subdivision and ready for new owners. Spacious 4 bedroom, 2 bath with 2335 Square Feet of Living area. Great room plan with Formal Dining room and wonderful breakfast room with a great view of peaceful backyard. INCREDIBLE kitchen with newer cabinets, granite countertops and even a Wine Bar with countertop and cabinets. Master bath has garden tub, walk in shower and custom closet. Tile flooring throughout the gathering areas, split plan and cozy Florida Room. Screened pool with brick paver decking and relaxing view. Call today to schedule your personal tour.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,254
Property Tax -$364
Property Insurance -$172
HOA -$49
Property Management Fees -$80
CASH FLOW
-$70

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.

$339,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.54%

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$0.0$5.0k$10k$15k

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$22,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,839

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8004$1,8455$1,850
$1,850
RENT COMPS ANALYSIS
  • 3306 Kilmer Dr Plant City, FL 5
    • 4 beds 2 baths ∙ 2,335 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,335 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 3022 Azalea Blossom Dr Plant City, FL 1
    • 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 2
    • 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
    •  
  • 3211 Concord Way Plant City, FL 3
    • 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1991
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 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
Shelton Keely
1.813.759.1200
Keller Williams-plant City
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277899
Last Updated: 11/26/2020
BESbswy