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

3453 Duff Rd Lakeland, FL 33810

3 Beds 2 Baths 1,353 sqft Built 1977

$220,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $162.60
  • 4 Days on Market
  • MLS # : L4921713
  • Updated Date : 03/25/2021 at 10:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,353 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Smart

Listing Agent's Description

Must see home located in North Lakeland with no HOA. This 3 bedroom with 2 full baths + bonus room has several upgrades throughout the home. Decorative kitchen countertops with lots of counter space. The dining room area has beautiful built in cabinets. The home also has a large fenced in backyard for outdoor entertaining. This property is down the street from the new Duff Rd Publix and only 20 minutes away from Downtown Lakeland. You do not want to miss out on this!! Call and schedule an appointment today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Huntington Summit

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $70k233k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Huntington Summit

NeighborhoodNIR Market*CityMarket2015Year20092019 Q295010001050110011501200125013001350140014501500Rent in $9081521

* 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
Kathleen Elementary School Primary Regular 555 32 3
Kathleen Middle School Middle Regular 764 42 4
Kathleen Senior High School High Regular 2,124 107 2

Kathleen Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 32
3
GreatSchools Rating

Kathleen Middle School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 42
4
GreatSchools Rating

Kathleen Senior High School

  • Education Level: High
  • # of students: 2,124
  • # of teachers: 107
2
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$764
Property Tax -$242
Property Insurance -$113
Property Management Fees -$129
CASH FLOW
$12

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$220,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 3.80%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$13,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $967

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,0503$1,0904$1,2605$1,265
$1,265
RENT COMPS ANALYSIS
  • 3453 Duff Rd Lakeland, FL 4
    • 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.93
    •  
  • 7136 Scenic Pl Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1993
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.61
    •  
  • 7949 Indian Heights Dr Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1990
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.77
    •  
  • 6910 Scenic Hills Blvd Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.68
    •  
  • 3640 Willow Wisp Dr S Lakeland, FL 5
    • 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1983
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,265
    • $0.80
    •  
PROPERTY LISTING DETAILS
Ben Becton
1.863.617.0232
Keller Williams Realty Smart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4921713
Last Updated: 03/25/2021
BESbswy