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5202 Ashwood Dr Lakeland, FL 33811

3 Beds 2 Baths 2,066 sqft Built 2011

$289,500

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $140.13
  • 2 Days on Market
  • MLS # : P4914972
  • Updated Date : 03/21/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,066 sqft
  • Baths : 2 full
Listing Agent

Lakefront Investment Realty

Listing Agent's Description

This is a must see home located in the South of Lakeland in a very well kept community. The home is located towards the back of the development and looks out over the pond where the current owners have enjoys spending time fishing and enjoying the tranquility of water views. The home has great curb appeal with mature landscaping and an over sized driveway which wraps around to the side of the house giving extra space for quests or extra toys that you may want to keep. When entering the home you are greeted with lots of natural light that flows through the open concept great room / dining room, all of which have high ceilings. The large kitchen with stainless steel appliances and granite countertops opens out to the great room which looks out through your sliding doors on to your screened in back lanai and on to your fully fenced in back yard. The Master bedroom sits on one side of the house giving it lots of privacy and has an attached walk in closet as well as a spa like bathroom with a soaking tub, walk in shower and double vanities. The other 2 bedrooms share the hall bathroom and are next to the large indoor laundry room. Come and take a look at this well kept home.

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: Ashwood West

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $70k236k

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

Neighborhood: Ashwood West

NeighborhoodNIR Market*CityMarket2015Year20092019 Q29501000105011001150120012501300135014001450150015501600Rent in $9081610

* 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
Medulla Elementary School Primary Regular 635 40 3
Southwest Middle School Middle Regular 852 52 2
George W. Jenkins Senior High School High Regular 2,319 116 5

Medulla Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 40
3
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 852
  • # of teachers: 52
2
GreatSchools Rating

George W. Jenkins Senior High School

  • Education Level: High
  • # of students: 2,319
  • # of teachers: 116
5
GreatSchools Rating
 

$260,550$318,450$289,500

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,006
Property Tax -$318
Property Insurance -$154
HOA -$19
Property Management Fees -$129
CASH FLOW
-$86

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.

$289,500

PROJECTED PRICE

$1,540

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.82%
Appreciation Year (1-5) 8.0%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,468

INVESTMENT

$82,468

Down Payment
$72,375
Rehab Estimate
$5,750
Closing Costs
$4,343

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,006

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,375
Loan Amount $217,125
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,601

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,400

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,4004$1,5005$1,540
$1,540
RENT COMPS ANALYSIS
  • 5202 Ashwood Dr Lakeland, FL 5
    • 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.75
    •  
  • 5277 Hidden Oaks Dr Lakeland, FL 1
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.62
    •  
  • 5220 Hidden Oaks Dr Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.62
    •  
  • 2547 Six Point Ct Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 1993
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 5749 Deer Tracks Trl Lakeland, FL 4
    • 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
PROPERTY LISTING DETAILS
David Small
1.407.601.8351
Lakefront Investment Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: P4914972
Last Updated: 03/21/2021
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