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5529 Viburnum Ct Polk City, FL 33868

3 Beds 1 Baths 984 sqft Built 1994

$154,900

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $157.42
  • 3 Days on Market
  • MLS # : L4919884
  • Updated Date : 12/19/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 984 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty Smart

Listing Agent's Description

Move in ready 3 bedroom/1 bath/1 car garage located on a large corner lot. New metal roof, new central heat & air(to be installed December 21, 2020). New stainless steel appliances. Freshly painted interior, new vinyl flooring, new ceiling fans & light fixtures, new blinds. USDA financing available.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Greenwood Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $53k186k

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

Neighborhood: Greenwood Estates

NeighborhoodNIR Market*CityMarket2015Year20092019 Q270075080085090095010001050110011501200125013001350Rent in $6511371

* 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
 

$139,410$170,390$154,900

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$572
Property Tax -$175
Property Insurance -$92
Property Management Fees -$129
CASH FLOW
$153

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.

$154,900

PROJECTED PRICE

$1,120

PROJECTED RENT

0.72%

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

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$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,799

INVESTMENT

$46,799

Down Payment
$38,725
Rehab Estimate
$5,750
Closing Costs
$2,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,725
Loan Amount $116,175
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$26,850

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,161

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,120
1$1,1202$1,1753$1,1954$1,520
$1,520
RENT COMPS ANALYSIS
  • 5529 Viburnum Ct Polk City, FL 1
    • 3 beds 1 baths ∙ 984 Sqft ∙ Built 1994 3 beds 1 baths ∙ 984 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $1.14
    •  
  • 5653 Viburnum Ct Polk City, FL 2
    • 3 beds 1 baths ∙ 984 Sqft ∙ Built 1994 3 beds 1 baths ∙ 984 Sqft ∙ Built 1994
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.19
    •  
  • 5767 Viburnum Ct Polk City, FL 3
    • 3 beds 2 baths ∙ 984 Sqft ∙ Built 1995 3 beds 2 baths ∙ 984 Sqft ∙ Built 1995
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.21
    •  
  • 1142 Berkley Ridge Ln Auburndale, FL 4
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 2012
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.14
    •  
PROPERTY LISTING DETAILS
Mike Walker
1.863.581.2659
Keller Williams Realty Smart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919884
Last Updated: 12/19/2020
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