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4510 Glen Eden Lakeland, FL 33813

4 Beds 3 Baths 2,073 sqft Built 1972

$284,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $137.43
  • 5 Days on Market
  • MLS # : L4920393
  • Updated Date : 01/22/2021 at 15:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,073 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Location couldn't be any better!! Lakelands' famous "House Concert" home is on the market and ready for a new family to call this lovely "Brady Bunch" style, split level, their very own. Generously sized 4 bdrm/2-1/2 bath home boasts a sunny living room, cozy, updated kitchen with pull out cabinetry and a Bonus/Florida room straight out of Southern Living magazine! As you enter the main floor from the front door, the living room has plenty of space for all your furniture. A formal dining room is just off the kitchen with a large window that lets in the light. The traditional kitchen has an island, lovely jewel tone solid surface counters and lots of smart storage. Just a few steps below is the family room that houses entry from the garage,1/2 bath for guests, and opens to a fabulous, windowed sunroom that has it's own separate mini-split a/c unit built in 2012, perfect spot to cozy up with a cup of coffee and a book! The upper part of this traditional split level has the Master bedroom with en suite bath and 3 other bedrooms and a hall bath. Plenty of room for everyone! New roof installed 10/18, new drainfield 2008, windows replaced in 2015 with Low E/argon insulated panes. This home has been freshly painted on the inside. You will love the large backyard with many fruit trees and plants, lots of room to play and on a cul-de-sac road. Truly a lovely place to call home, make your appointment today!

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: Scottswood

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $70k244k

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

Neighborhood: Scottswood

NeighborhoodNIR Market*CityMarket2015Year20092019 Q29501000105011001150120012501300135014001450150015501600Rent in $9081639

* 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
Highlands Grove Elementary School Primary Regular 731 44 8
Lakeland Highlands Middle School Middle Regular 1,217 66 6
Lakeland Senior High School High Regular 2,139 117 5

Highlands Grove Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 44
8
GreatSchools Rating

Lakeland Highlands Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 66
6
GreatSchools Rating

Lakeland Senior High School

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

$256,410$313,390$284,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$990
Property Tax -$347
Property Insurance -$155
Property Management Fees -$129
CASH FLOW
-$110

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.

$284,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.53%

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$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,799

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5104$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 4510 Glen Eden Lakeland, FL 3
    • 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.73
    •  
  • 1116 E Devonshire Ln Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1985
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.77
    •  
  • 1627 Rose Dr Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1972
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 4656 Valley View Dr E Lakeland, FL 4
    • 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1975
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 4660 Sherwood Ln Lakeland, FL 5
    • 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1968
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
PROPERTY LISTING DETAILS
Silvana Knight
1.863.838.2351
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4920393
Last Updated: 01/22/2021
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