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4706 Hunts Ct Plant City, FL 33566

4 Beds 3 Baths 2,234 sqft Built 1996

$279,990

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $125.33
  • 5 Days on Market
  • MLS # : T3287141
  • Updated Date : 01/28/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,234 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fireside Real Estate

Listing Agent's Description

Grand from the moment you pull up. Spacious pool home plus a lake view with 2234 sq. ft. of living space to spread out. Original owners took pride in caring for this 4 beds 2.5 baths home! Walk through the front door and you are invited by soaring ceilings, a grand staircase, a dedicated dining room area, and 2 separate living rooms one with a fireplace. The kitchen is the hub of it all and you get to enjoy your gorgeous pool and pond view while seated at your breakfast nook! Upstairs you have all 4 bedrooms including one that is set up as an open loft - which overlooks the downstairs. Master bath has a large garden tub with separate shower, extra large walk in closet, as well as an enclosed water closet. Large patio and deck space surrounding the oversized pool area allows you an incredible entertainment space with family and friends. Close to shopping, restaurants, and only minutes from I-4. Just a short drive to Historic Plant City, Plant City Strawberry Fairgrounds, and the World-Famous Parkesdale Farm Market.

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

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
 

$251,991$307,989$279,990

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$973
Property Tax -$300
Property Insurance -$166
HOA -$24
Property Management Fees -$129
CASH FLOW
-$72

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.

$279,990

PROJECTED PRICE

$1,520

PROJECTED RENT

0.54%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,947

INVESTMENT

$79,947

Down Payment
$69,998
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,998
Loan Amount $209,993
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$13,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,6503$1,6954$1,695
$1,695
RENT COMPS ANALYSIS
  • 4706 Hunts Ct Plant City, FL 1
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.68
    •  
  • 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
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
  • 4602 Copper Ln Plant City, FL 3
    • 3 beds 3 baths ∙ 2,398 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,398 Sqft ∙ Built 1998
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.71
    •  
  • 406 Sugar Creek Dr Plant City, FL 4
    • 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 1991
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
PROPERTY LISTING DETAILS
Cass Mccoleman
1.813.545.5230
Fireside Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287141
Last Updated: 01/28/2021
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