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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $159.35
- 2 Days on Market
- MLS # : L4919259
- Updated Date : 11/14/2020 at 16:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,380 sqft
- Baths : 2 full
Listing Agent
Lakeland Homes And Realty, Llc
Listing Agent's Description
Pristine turn key property in lovely South Lakeland neighborhood off Lakeland Highlands Road and Lake Miriam Drive. Extensively renovated in 2013 and nicely updated in 2020. Highlights include beautiful open kitchen with all wood cabinets, granite countertops and stainless appliances; designer bathrooms featuring marble and mosaic tiling, charming slate tiled Florida room; and brand new high end luxury vinyl plank flooring throughout interior. Beautifully landscaped front yard and fenced in backyard, complete the perfect look. This is truly a move-in ready home ready for you to call it your own! Please call today to request a private showing before it is gone!
SEE MORE
- 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: Reva Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Reva Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$811 |
| Property Tax | -$268 | |
| Property Insurance | -$115 | |
| 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.
$219,900
PROJECTED PRICE
$1,250
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,024
LOAN DETAILS
$811
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
4.67
YEARS SAVED
$12,259
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 -
$0.91
LIST RENT PER SQFT
-
$1,059
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
4822 S Gachet Blvd Lakeland, FL 4
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $1,250
- $0.91
-
4728 Kimball Ct W Lakeland, FL 1
- 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1979
LEASED 02/12/20- Rent
- Rent Per SQFT
- $995
- $0.60
-
5235 Martinique Dr Lakeland, FL 2
- 3 beds 3 baths ∙ 1,260 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,260 Sqft ∙ Built 1990
LEASED 02/12/20- Rent
- Rent Per SQFT
- $995
- $0.79
-
3106 Valley High Dr Lakeland, FL 3
- 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1984
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,250
- $0.87
-
4619 Valley View Dr W Lakeland, FL 5
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1977
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,295
- $0.81
PROPERTY LISTING DETAILS
1.863.899.6030
Lakeland Homes And Realty, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4919259
Last Updated: 11/14/2020
