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3320 Michener Pl Plant City, FL 33566

3 Beds 2 Baths 1,746 sqft Built 1998

$259,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $148.85
  • 3 Days on Market
  • MLS # : T3290088
  • Updated Date : 02/13/2021 at 09:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,746 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

LOOK AT THESE PHOTOS! This 3 bedroom plus den, single-family home has been masterfully designed and decorated and is ready for you! Walking up to the home you will notice the adorable front porch, perfect for having your morning cup of coffee in a rocking chair. Additional upgrades include new wood look floors, new carpet, fenced yard and more! Did we mention that the roof and a/c were also recently replaced? The kitchen is a great size and has plenty of cabinet and countertop space and a spacious eat-in area. The great room is large and the sliders lead you into the fenced backyard with plenty of room and grass for kids and pets to run. The master suite is private and features a bathroom that looks and feels like a spa. The guest bedrooms are separate as well as the guest bathroom. The home lives large with over 1746 Sq.Ft. of well-used space. All of this is available to you at a great value in Plant City. Walden Lake is located minutes from I-4 and Downtown. Don't delay as houses this nice sell fast!

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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$903
Property Tax -$279
Property Insurance -$138
HOA -$53
Property Management Fees -$129
CASH FLOW
$19

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.

$259,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.58%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$20,893

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,536

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4753$1,5204$1,5955$1,665
$1,665
RENT COMPS ANALYSIS
  • 3320 Michener Pl Plant City, FL 3
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.87
    •  
  • 4205 Kipling Ave Plant City, FL 1
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1991
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 4212 Longfellow Dr Plant City, FL 2
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1990
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.94
    •  
  • 4012 Thackery Way Plant City, FL 4
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1992
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 3218 Magnolia Garden Dr Plant City, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Amber Rutherford
1.813.444.8277
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3290088
Last Updated: 02/13/2021
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