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3822 Creek Way Ct 
Plant City, FL
33563
3 Beds 2 Baths 1,464 sqft
Built 1991
INVESTimate
$209,700
List Price
$61,321
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PROPERTY INFO
FACTS
- Built In 1991
- Price/Sqft : $143.24
- 2 Days on Market
- MLS # : T3261361
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,464 sqft
- Baths : 2 full
Listing Agent
Lombardo Team Real Estate Llc
Listing Agent's Description
Gorgeously renovated home with large back yard. Minutes from I-4 at exit 17. Located in very quite neighborhood. Home been renovated with New Kitchen Cabinets, Granite counter top, New Stainless steel Appliances, Ceramic tiles, bathrooms updates, new paint inside and outside, Roof and AC few years old. Open floor plan with spacious kitchen, and living area. Won't last long in the market.
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: Improvement League of Plant City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Improvement League of Plant City
* 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 | $1,390 |
| EXPENSES | Loan Payment | -$774 |
| Property Tax | -$244 | |
| Property Insurance | -$121 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$171
|
||
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.
$209,700
PROJECTED PRICE
$1,390
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 10.18% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,321
LOAN DETAILS
$774
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,425 |
| Loan Amount | $157,275 |
10.42
YEARS SAVED
$37,059
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,420
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
3822 Creek Way Ct Plant City, 1
- 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,390
- $0.95
-
209 Lisa Ann Ct Plant City, 2
- 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2006
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,395
- $0.92
-
311 Sugar Creek Dr Plant City, 3
- 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1991
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,450
- $1.00
-
3802 Creek Way Ct Plant City, 4
- 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1991
LEASED 10/24/19- Rent
- Rent Per SQFT
- $1,475
- $0.89
-
3910 Creek Woods Dr Plant City, 5
- 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1994
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,499
- $1.07
PROPERTY LISTING DETAILS
1.813.241.5701
Lombardo Team Real Estate Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3261361
Last Updated: 08/26/2020
