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4353 Country Hills Blvd Plant City, FL 33563

3 Beds 2 Baths 1,316 sqft Built 2005

$175,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $133.66
  • 2 Days on Market
  • MLS # : T3274123
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,316 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Adorable 3 bedroom, 2 bath home in Plant City. Walk into the tiled spacious living room, and kitchen/dinette area. This home has an open layout, 2 car garage, and great outdoor space. Call for your 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: Improvement League of Plant City

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k238k

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

Neighborhood: Improvement League of Plant City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7451590

* 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
Bryan Plant City Elementary School Primary Regular 777 61 2
Tomlin Middle School Middle Regular 1,608 104 4
Strawberry Crest High School High Magnet 2,241 126 7

Bryan Plant City Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 61
2
GreatSchools Rating

Tomlin Middle School

  • Education Level: Middle
  • # of students: 1,608
  • # of teachers: 104
4
GreatSchools Rating

Strawberry Crest High School

  • Education Level: High
  • # of students: 2,241
  • # of teachers: 126
7
GreatSchools Rating
 

$158,310$193,490$175,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$649
Property Tax -$213
Property Insurance -$113
HOA -$25
Property Management Fees -$80
CASH FLOW
$250

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.

$175,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$52,364

INVESTMENT

$52,364

Down Payment
$43,975
Rehab Estimate
$5,750
Closing Costs
$2,639

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,975
Loan Amount $131,925
See What Happens When You Reinvest Cash Flow

13.17

YEARS SAVED

$42,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,316

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3653$1,4254$1,4355$1,450
$1,450
RENT COMPS ANALYSIS
  • 4353 Country Hills Blvd Plant City, FL 1
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.01
    •  
  • 505 Lindsay Anne Ct Plant City, FL 2
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2004
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.93
    •  
  • 502 Lindsay Anne Ct Plant City, FL 3
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2004
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.08
    •  
  • 4406 Country Hills Blvd Plant City, FL 4
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2005
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.99
    •  
  • 4340 Country Hills Blvd Plant City, FL 5
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2004
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ryan Sack
1.813.351.9598
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274123
Last Updated: 11/03/2020
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