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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $155.00
- 3 Days on Market
- MLS # : L4920461
- Updated Date : 01/29/2021 at 21:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,560 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Smart
Listing Agent's Description
NO HOA! NO CDD! This 3 bedroom 2 bathroom south Lakeland home is move in ready. Situated on a large corner lot with mature oak trees in the front yard and a large privacy fenced back yard, there's plenty of room to enjoy the outdoors. Inside there is beautiful engineered hardwood and tile flooring throughout. The kitchen has tile countertops, rich dark cabinets and a walk in pantry. The dining room has that farmhouse feel with the shiplap accent wall and you'll delight with the hidden laundry closet. Both bathrooms have been remodeled, the A/C was replaced in 2015, a new metal roof was installed in 2017, the floors were installed 2015 and new 2 panel doors throughout the home were also installed. Great location with shopping, dining and medical facilities within minutes. You are also a very short distance to the Polk Parkway with quick easy access to I-4. This location is highly desired so call now to schedule your private showing before its gone!
SEE MORE
- #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: 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 | $1,410 |
| EXPENSES | Loan Payment | -$840 |
| Property Tax | -$294 | |
| Property Insurance | -$125 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$22
|
||
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.
$241,800
PROJECTED PRICE
$1,410
PROJECTED RENT
0.58%
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
$69,827
LOAN DETAILS
$840
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,450 |
| Loan Amount | $181,350 |
5.58
YEARS SAVED
$15,096
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,162
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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4830 Denise Ave Lakeland, FL 3
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1970
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- Rent Per SQFT
- $1,410
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4728 Kimball Ct W Lakeland, FL 1
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LEASED 02/12/20- Rent
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- $995
- $0.60
-
4619 Valley View Dr W Lakeland, FL 2
- 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
-
2014 Charnes Dr Lakeland, FL 4
- 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1974
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,450
- $0.78
-
1627 Rose Dr Lakeland, FL 5
- 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
PROPERTY LISTING DETAILS
1.863.559.5173
Keller Williams Realty Smart
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4920461
Last Updated: 01/29/2021
