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4012 S Carlisle Rd Lakeland, FL 33813

3 Beds 2 Baths 1,836 sqft Built 1970

$249,999

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $136.17
  • 5 Days on Market
  • MLS # : L4919453
  • Updated Date : 12/02/2020 at 11:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,836 sqft
  • Baths : 2 full
Listing Agent

S & D Real Estate Service Llc

Listing Agent's Description

Location, location, location. Here is your opportunity to own a 3 bedroom 2 bathroom pool home in S. Lakeland with NO HOA. Roof was replaced in 2018 and AC is only 3 years old. This home has so much potential. Enjoy the view of the pool or fireplace from the Family room. Plenty of counter space in the kitchen which has a new dishwasher and fridge. Living room/dining room combo rounds out the ample living space. Lots of closet space including a walk-in closet in the master bedroom.

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: Carlisle Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $70k236k

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

Neighborhood: Carlisle Heights

NeighborhoodNIR Market*CityMarket2015Year20092019 Q2950100010501100115012001250130013501400145015001550Rent in $9081590

* 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
Carlton Palmore Elementary School Primary Regular 528 36 4
Southwest Middle School Middle Regular 852 52 2
Lakeland Senior High School High Regular 2,139 117 5

Carlton Palmore Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 36
4
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 852
  • # of teachers: 52
2
GreatSchools Rating

Lakeland Senior High School

  • Education Level: High
  • # of students: 2,139
  • # of teachers: 117
5
GreatSchools Rating
 

$224,999$274,999$249,999

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$922
Property Tax -$313
Property Insurance -$141
Property Management Fees -$129
CASH FLOW
-$65

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.

$249,999

PROJECTED PRICE

$1,440

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.82%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 3.73%
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

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,499
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,446

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2503$1,4004$1,4405$1,535
$1,535
RENT COMPS ANALYSIS
  • 4012 S Carlisle Rd Lakeland, FL 4
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.78
    •  
  • 3218 S Polk Ave Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1965
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.67
    •  
  • 3226 Independence St Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1958
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.83
    •  
  • 506 Duchess Dr Lakeland, FL 3
    • 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 1969
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 204 Sylvia Cir Lakeland, FL 5
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1960
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.87
    •  
PROPERTY LISTING DETAILS
Holly Piccola
1.813.966.5147
S & D Real Estate Service Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919453
Last Updated: 12/02/2020
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