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

4161 Windchime Ln Lakeland, FL 33811

3 Beds 2 Baths 2,306 sqft Built 2003

$280,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $121.42
  • 5 Days on Market
  • MLS # : L4919132
  • Updated Date : 11/12/2020 at 15:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,306 sqft
  • Baths : 2 full
Listing Agent

Cmtg Real Estate Group

Listing Agent's Description

This amazing home has undergone several improvements in the last few years! New roof in 2018, new Pella, triple-pane Casement windows w/blinds in 2018, tankless, gas water heater in 2019, new gutters in 2020, new A/C in 2016, SunSetter awning installed in 2016, front porch screen in 2017, garage screen in 2018, master closet by Carefree Closets in 2017, Samsung Flex Refrigerator in 2018, Samsung gas stove in 2018, Bosch dishwasher in 2016 and LG washer/dryer in 2016. Also offering 3 bedrooms, 2 bathrooms, formal dining room, formal living room, great room, eating space in kitchen and an office/4th bedroom. Enjoy the outdoors while sitting on your front or rear screened patio. The rear patio has a SunSetter awning, which expands over the pavers to give you even more room to enjoy the outdoors under the shade! Carillon Lakes is a gated community that is guarded around the clock. The $229 monthly HOA fee covers lawn care, cable & internet and the use of all the great amenities which include walking trails, community pool & spa (heated), clubhouse, fitness center, tennis courts, basketball courts, stocked lakes that are teaming with wildlife, and much more. The location is just minutes from the Polk Parkway and I-4, Lakeside Village and Lakeland Linder Airport. Call today for your private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Carillon Lakes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $67k252k

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

Neighborhood: Carillon Lakes

NeighborhoodNIR Market*CityMarket2015Year20092019 Q29501000105011001150120012501300135014001450150015501600Rent in $9081638

* 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
Jesse Keen Elementary School Primary Regular 644 47 2
Sleepy Hill Middle School Middle Regular 816 50 2
Kathleen Senior High School High Regular 2,124 107 2

Jesse Keen Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 47
2
GreatSchools Rating

Sleepy Hill Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 50
2
GreatSchools Rating

Kathleen Senior High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,033
Property Tax -$341
Property Insurance -$168
HOA -$229
Property Management Fees -$80
CASH FLOW
$19

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.

$280,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.82%
Appreciation Year (1-5) 4.1%
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$12k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$16,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,260

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,635
1$1,6352$1,8703$2,995
$2,995
RENT COMPS ANALYSIS
  • 4161 Windchime Ln Lakeland, FL 2
    • 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.81
    •  
  • 4032 Whistlewood Cir Lakeland, FL 1
    • 4 beds 2 baths ∙ 2,327 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,327 Sqft ∙ Built 2005
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.70
    •  
  • 4488 Whistlewood Cir Lakeland, FL 3
    • 3 beds 2 baths ∙ 2,381 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,381 Sqft ∙ Built 2004
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.26
    •  
PROPERTY LISTING DETAILS
Cheryl Jarvis
1.863.670.4548
Cmtg Real Estate Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919132
Last Updated: 11/12/2020
BESbswy