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4511 Glen Eden Lakeland, FL 33813

4 Beds 3 Baths 2,059 sqft Built 1972

$292,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $141.82
  • 4 Days on Market
  • MLS # : T3276867
  • Updated Date : 11/20/2020 at 16:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,059 sqft
  • Baths : 2 full , 1 half
Listing Agent

Live Florida Realty

Listing Agent's Description

MULTIPLE OFFERS! Highest and best by 6PM Sunday 11/22. Incredible POOL home in a well-established, quiet neighborhood in the Highlands with no HOA. Yes, no HOA fees! This home is situated on a quiet cul-de-sac with a large yard and mature vegetation with a fenced in backyard with privacy hedge. This home is perfect for a growing family as it offers 2,059 sqft of living space, 4 large bedrooms and 2 & 1/2 baths. The Master bathroom was completely remodeled in 2020 installing granite countertops and a double vanity, new ceramic tile on the floor and tile in shower with a glass door. Newly added in 2017 are wood-look vinyl plank flooring in the living areas. The front Living Room large picture window also added in 2017; updated energy efficient, double paned argon-filled windows found in every room. A beautifully updated Kitchen providing plenty of cabinet storage, granite countertops, and an island with matching cabinets plus stainless steel appliances. This home also features a large screened lanai with an insulated roof and ceiling fans; Screened-in pool with waterfall added 2010; Pool has a salt chlorinator and gravity anti-overflow feature! NEW roving pool vacuum in 2020; NEW pool pump in 2019; You'll find pool alarms on every door and window. Washer & Dryer do convey! Come see this incredible home before it is too late!

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
 

$262,800$321,200$292,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,077
Property Tax -$355
Property Insurance -$154
Property Management Fees -$80
CASH FLOW
$24

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.

$292,000

PROJECTED PRICE

$1,690

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,130

INVESTMENT

$83,130

Down Payment
$73,000
Rehab Estimate
$5,750
Closing Costs
$4,380

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,000
Loan Amount $219,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$21,294

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5953$1,5954$1,6505$1,690
$1,690
RENT COMPS ANALYSIS
  • 4511 Glen Eden Lakeland, FL 5
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.82
    •  
  • 1627 Rose Dr Lakeland, FL 1
    • 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 2
    • 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
    •  
  • 2022 Deerfield Dr Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1979
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 4660 Sherwood Ln Lakeland, FL 4
    • 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
Casey Tray
1.863.868.8905
Live Florida Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276867
Last Updated: 11/20/2020
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