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PROPERTY INFO
FACTS
- Built In 1991
- Price/Sqft : $129.65
- 7 Days on Market
- MLS # : T3273138
- Updated Date : 10/30/2020 at 12:34
CONSTRUCTION
- Beds : 3
- Floor Size : 2,044 sqft
- Baths : 2 full
Listing Agent
Marzucco Real Estate
Listing Agent's Description
Spacious 3 bedroom 2 bath located in beautiful Walden Lake, this community is an active community with walking trails, playground, lakes and sports complex. This home features a split floor plan with a large master suite with walk in closet, garden tub and separate shower. The kitchen has large work spaces with lots of cabinets for storage as well as eat in breakfast bar. Inside laundry room and 2 car garage. A/C replaced (inside and outside units) 2020, roof 2012 and hot water heater 2019. This home has been professionally stabilized due to previous ground settlement related issue that comes with a lifetime warranty against further settlement. The home is insurable, seller is not required to carry additional insurance in regards to settlement. Hurry Hurry before it is gone!!!
SEE MORE
- 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: Walden Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Walden Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$284 | |
| Property Insurance | -$155 | |
| HOA | -$45 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$48
|
||
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.
$265,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
7.42
YEARS SAVED
$28,585
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,758
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
4008 Concord Way Plant City, FL 1
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3218 Magnolia Garden Dr Plant City, FL 2
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- $1,665
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3306 Silverpond Dr Plant City, FL 3
- 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1996
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,695
- $0.89
-
3211 Concord Way Plant City, FL 4
- 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
-
3007 Forest Club Dr Plant City, FL 5
- 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 1989
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,850
- $0.85
PROPERTY LISTING DETAILS
1.813.376.8294
Marzucco Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3273138
Last Updated: 10/30/2020
