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529 Ashley Rd Polk City, FL 33868

3 Beds 2 Baths 1,053 sqft Built 1984

$185,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $175.69
  • 2 Days on Market
  • MLS # : L4921769
  • Updated Date : 03/28/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,053 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty Smart

Listing Agent's Description

First time home buyer, this is what you have been waiting for. 3 bedrooms 1 1/2 bath with an extra large kitchen and a dining area with sliding glass doors leading out to a patio, fenced yard, utility shed. The layout includes a half bath in the master bedroom. This home features a new roof in 2020, New AC in 2019, updated Windows in 2009 and the exterior has recently been painted. Schedule a showing before it's gone.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Orangewood Village

NeighborhoodNIR Market*CityMarket2010Year2000201950k60k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $41k186k

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

Neighborhood: Orangewood Village

NeighborhoodNIR Market*CityMarket2015Year20092019 Q265070075080085090095010001050110011501200125013001350Rent in $6471371

* 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
Polk City Elementary School Primary Regular 471 32 3
Jere L. Stambaugh Middle School Middle Regular 851 48 2
Tenoroc High School High Regular 1,170 72 2

Polk City Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 32
3
GreatSchools Rating

Jere L. Stambaugh Middle School

  • Education Level: Middle
  • # of students: 851
  • # of teachers: 48
2
GreatSchools Rating

Tenoroc High School

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

$166,500$203,500$185,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$643
Property Tax -$258
Property Insurance -$96
Property Management Fees -$129
CASH FLOW
$154

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.

$185,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 2.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$23,659

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,267

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,1953$1,1954$1,280
$1,280
RENT COMPS ANALYSIS
  • 529 Ashley Rd Polk City, FL 4
    • 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.22
    •  
  • 5653 Viburnum Ct Polk City, FL 1
    • 3 beds 1 baths ∙ 984 Sqft ∙ Built 1994 3 beds 1 baths ∙ 984 Sqft ∙ Built 1994
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.19
    •  
  • 5637 Viburnum Ct Polk City, FL 2
    • 3 beds 1 baths ∙ 984 Sqft ∙ Built 1995 3 beds 1 baths ∙ 984 Sqft ∙ Built 1995
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.21
    •  
  • 5767 Viburnum Ct Polk City, FL 3
    • 3 beds 2 baths ∙ 984 Sqft ∙ Built 1995 3 beds 2 baths ∙ 984 Sqft ∙ Built 1995
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.21
    •  
PROPERTY LISTING DETAILS
Sheila Lamonica
1.863.370.3522
Keller Williams Realty Smart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4921769
Last Updated: 03/28/2021
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