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4716 Kanoy Dr Lakeland, FL 33805

3 Beds 2 Baths 1,197 sqft Built 1972

$194,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $162.82
  • 1 Days on Market
  • MLS # : L4923994
  • Updated Date : 07/13/2021 at 16:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,197 sqft
  • Baths : 2 full
Listing Agent

Remax Paramount Properties

Listing Agent's Description

Check out this fully refurbished 3 bedroom, 2 bathroom, move-in ready home in Lakeland. No stone was unturned with this beauty. The home features a new roof in Sept 2019, new HVAC system, fresh interior and exterior paint, newly screened lanai, new rain gutters, fully fenced backyard with 15x13 utility shed that has electricity, 1 car carport, all new window blinds, interior doors, ceiling fans, lighting and much more! As you enter the home you are greeted by the spacious living room and fully remodeled kitchen with all new stainless steel appliances, granite countertops, new plumbing and light fixtures, cooking island with additional storage cabinets and drawers, knock-down textured ceilings and laminate vinyl planked floors throughout. The master suite features a full bath with brand new granite topped vanity, new toilet and a newly tiled shower stall with bench. The additional bedrooms have all new flooring, lighting, doors and the hall bath has also been redone with new granite topped vanity, new toilet and tiled shower/tub combo. The location is convenient to the interstate with an easy commute to Orlando or Tampa, and all that Lakeland has to offer. This home is easy to show so make your appointment today. This one will not last long in today’s market!

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: Deatons Estates

NeighborhoodNIR Market*CityMarket2010Year2000201950k60k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $49k185k

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

Neighborhood: Deatons Estates

NeighborhoodNIR Market*CityMarket2015Year20092019 Q280085090095010001050110011501200125013001350Rent in $7871380

* 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
North Lakeland Elementary School Primary Regular 750 48 4
Crystal Lake Middle School Middle Magnet 942 61 3
Tenoroc High School High Regular 1,170 72 2

North Lakeland Elementary School

  • Education Level: Primary
  • # of students: 750
  • # of teachers: 48
4
GreatSchools Rating

Crystal Lake Middle School

  • Education Level: Middle
  • # of students: 942
  • # of teachers: 61
3
GreatSchools Rating

Tenoroc High School

  • Education Level: High
  • # of students: 1,170
  • # of teachers: 72
2
GreatSchools Rating
 

$175,410$214,390$194,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$677
Property Tax -$214
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
$125

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.

$194,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 3.80%
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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,399

INVESTMENT

$57,399

Down Payment
$48,725
Rehab Estimate
$5,750
Closing Costs
$2,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,725
Loan Amount $146,175
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$22,149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $990

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$850
1$8502$9953$1,2504$1,450
$1,450
RENT COMPS ANALYSIS
  • 4716 Kanoy Dr Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.04
    •  
  • 1075 Walt Williams Rd Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1986
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.76
    •  
  • 311 El Dorado St Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1979
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.73
    •  
  • 1905 Jerry Rd Lakeland, FL 4
    • 3 beds 1 baths ∙ 1,461 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,461 Sqft ∙ Built 1965
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
PROPERTY LISTING DETAILS
David Fridovich
1.863.430.1700
Remax Paramount Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4923994
Last Updated: 07/13/2021
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