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4419 Reynolds Ridge Ct Plant City, FL 33563

4 Beds 3 Baths 2,430 sqft Built 2006

$330,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $136.17
  • 1 Days on Market
  • MLS # : O5956334
  • Updated Date : 07/13/2021 at 14:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,430 sqft
  • Baths : 2 full , 1 half
Listing Agent

Your Home Sold Guaranteed Orlando

Listing Agent's Description

Welcome home! This beautiful two-storey home is located on a quiet and peaceful cul-de-sac in the well-established community of Royal Hills. It faces open space with view of pond. It has 4 spacious bedrooms, 2.5 baths, and 2-car garage. No carpet! Solid wood floors in all bedrooms, formal dining room, family room, and flex room. There is tile flooring in kitchen, dinette, and bathrooms. The kitchen and family room combo makes a perfect space for family and friend gatherings. The screened Lanai at the back provides additional space for relaxation and entertainment. The master bedroom suite is located upstairs with a garden bath, dual sinks, a separate shower, and walk-in closet. The interior of the home was repainted in 2019. There's much more: the smart home security system, water filtration system, exhaust fan in the kitchen, vinyl fenced backyard, rain gutters, and chandeliers. The refrigerator, washer and dryer are all included, adding to the value of this sweet home, plus LOW HOA! Convenient location: Minutes away from I4 and Festival Grounds, only 20 minutes' drive to downtown Tampa, Brandon Town Center, and Tampa Bay. This amazing home is only 10 minutes away from the much-desired IB Strawberry Crest High School. Please schedule your showing TODAY! The earliest available time for showing is Wednesday, 7/14, 2:30-4:30pm.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$297,810$363,990$330,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,149
Property Tax -$355
Property Insurance -$178
HOA -$50
Property Management Fees -$129
CASH FLOW
$59

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.

$330,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.58%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,439

INVESTMENT

$93,439

Down Payment
$82,725
Rehab Estimate
$5,750
Closing Costs
$4,964

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,149

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,725
Loan Amount $248,175
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$29,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,725

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,920
$1,920
RENT COMPS ANALYSIS
  • 4419 Reynolds Ridge Ct Plant City, FL 2
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.79
    •  
  • 4602 Copper Ln Plant City, FL 1
    • 3 beds 3 baths ∙ 2,398 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,398 Sqft ∙ Built 1998
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.71
    •  
PROPERTY LISTING DETAILS
Joyce He
1.863.669.8669
Your Home Sold Guaranteed Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5956334
Last Updated: 07/13/2021
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