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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $139.72
- 7 Days on Market
- MLS # : L4919420
- Updated Date : 11/24/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,505 sqft
- Baths : 2 full
Listing Agent
S & D Real Estate Service Llc
Listing Agent's Description
RARE FIND…..some may call it a Unicorn!! Beautiful 4 bedroom POOL home with NO HOA in the heart of South Lakeland sitting on almost ½ acre lot!!!! Arriving at this home you will find a traditional Ranch Style home with the front and sides adorned with brick. Side Entry Garage with plenty of parking in the driveway. This is the perfect family home & spacious for entertaining! The Master Bedroom is enormous with a Master Bath that was updated in 2019 and also has a HUGE 12x10 Walk-in Closet that has a built-in floor safe!!! The house has tile throughout and carpet in the bedrooms. Beautiful Wood Burning fireplace centers the living room. All appliances are approx. 8 years old when the kitchen was updated. There is a large built-in desk in the kitchen/dining room area in the open & spacious kitchen. There is an oversized indoor laundry room directly off the kitchen leading out to the side garage. There is another sitting room/Den/Family Room behind the kitchen as you head out to your HUGE screen enclosed POOL deck that was resurfaced in 2019 and rescreened in 2020. Large solar heated pool. This space is great for entertaining all your family and friends!! This home has a large fenced in yard and a shed in back for extra storage or hobbies as it is split with an A/C unit on one side. Many recent updates include: 3 month old 5ton AC unit & handler, 4 yr old Roof, 6 yr old Hot Water Heater, 3 month old Pool Pump, 1 year Pool Filter, 1 year old Dranefield!!! This home has been meticulously loved & cared for and is ready for a new family!! This is a rare gem in South Lakeland and won’t last long!!! See the 3D Virtual Tour and then schedule your PRIVATE showing TODAY!!!!
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: Lakeland Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeland Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$385 | |
| Property Insurance | -$179 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$75
|
||
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.
$350,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.82% |
| Appreciation Year (1-5) | 6.8% |
| 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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
6.42
YEARS SAVED
$30,905
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,017
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
5701 Stratford Ln Lakeland, FL 3
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- Rent
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4660 Sherwood Ln Lakeland, FL 1
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LEASED 02/12/20- Rent
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- $1,650
- $0.75
-
2015 High Vista Dr Lakeland, FL 2
- 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 1991
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,995
- $0.77
-
244 Birch Ln Lakeland, FL 4
- 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1973
LEASED 11/21/19- Rent
- Rent Per SQFT
- $2,015
- $0.82
-
5175 Terry Ln Lakeland, FL 5
- 3 beds 4 baths ∙ 2,385 Sqft ∙ Built 1963 3 beds 4 baths ∙ 2,385 Sqft ∙ Built 1963
LEASED 02/06/20- Rent
- Rent Per SQFT
- $2,100
- $0.88
PROPERTY LISTING DETAILS
1.863.812.5683
S & D Real Estate Service Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4919420
Last Updated: 11/24/2020
