Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4733 Hulse Ln Lakeland, FL 33813

5 Beds 2 Baths 2,574 sqft Built 1968

$349,999

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $135.97
  • 67 Days on Market
  • MLS # : L4919501
  • Updated Date : 01/30/2021 at 12:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,574 sqft
  • Baths : 2 full
Listing Agent

Webpro Realty, Llc

Listing Agent's Description

This 2500+ SQ FT, 5 BED, 2 BATH home with an extra large screened in patio (18ft X 28ft) in the back is perfect for those relaxing times with coffee in the morning or great for get togethers! NEW ROOF, A/C 2 year old, home has been re-plumbed, 2 hot water heaters ( the 62 gallon tank is new) and this home is hardwired throughout for internet .This home has all the space you need!! This home is ready for your family at the end of the Cul-de-sac on a lot that is over a quarter of an acre. Convenient to schools, colleges and universities, shopping and dining, and downtown events. LOCATION, LOCATION, LOCATION!! EASY ACCESS TO TAMPA & ORLANDO ATTRACTIONS & AIRPORTS. Call me for your showing!

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

Zip Code: 33813

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $70k251k

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

Zip Code: 33813

ZipNIR Market*CityMarket2015Year20092019 Q21000110012001300140015001600Rent in $9081668

* 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
 

$314,999$384,999$349,999

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,216
Property Tax -$444
Property Insurance -$183
Property Management Fees -$129
CASH FLOW
-$92

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.

$349,999

PROJECTED PRICE

$1,880

PROJECTED RENT

0.54%

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-$4.0k-$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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,499
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$11,838

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,939

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8804$2,100
$2,100
RENT COMPS ANALYSIS
  • 4733 Hulse Ln Lakeland, FL 3
    • 3 beds 2 baths ∙ 2,574 Sqft ∙ Built 1968 3 beds 2 baths ∙ 2,574 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.73
    •  
  • 904 Woodmont Ln Lakeland, FL 1
    • 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1974
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.71
    •  
  • 4750 Highlands Place Cir Lakeland, FL 2
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1987
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.67
    •  
  • 5175 Terry Ln Lakeland, FL 4
    • 3 beds 4 baths ∙ 2,385 Sqft ∙ Built 1963 3 beds 4 baths ∙ 2,385 Sqft ∙ Built 1963
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
PROPERTY LISTING DETAILS
Tammy Schneider
1.863.409.5677
Webpro Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919501
Last Updated: 01/30/2021
BESbswy