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5758 Lacar Way Lakeland, FL 33805

3 Beds 2 Baths 1,356 sqft Built 2016

$210,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $154.87
  • 13 Days on Market
  • MLS # : L4919893
  • Updated Date : 12/30/2020 at 22:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,356 sqft
  • Baths : 2 full
Listing Agent

Webpro Realty, Llc

Listing Agent's Description

$10,000 PRICE DROP JUST FOR YOU!! THIS IS THE ONE!! WELCOME HOME!! You must check out this AMAZING LIKE NEW with 6yrs remaining on builder warranty move-in-ready attached villa on an OVERSIZED CORNER LOT in the BEAUTIFUL LAKE community of Bridgewater. This GORGEOUS 3 BEDROOM 2 BATH COMMUNITY POOL home has been COMPLETELY UPDATED, INCLUDING THE LANDSCAPING!! THIS BEAUTIFUL HOME includes lots of great features including A SUPER COZY BUILT-IN BENCH reading area, UPDATED MASTER CLOSET WITH NEW BUILT IN SHELVES AND DRAWERS and BEAUTIFUL CHANDELIERS THROUGHOUT THE HOME THAT ARE INCLUDED AND HANGING WINE RACK IS INCLUDED IN kitchen , open living area with kitchen, dining area and living room, 2-car garage, nice size kitchen with large bar area and granite counters as well as indoor laundry. You'll love sitting on the covered lanai drinking your morning coffee watching the sunrise in this BEAUTIFUL community. Bridgewater is conveniently located just off I-4 near Florida Polytechnic University. You'll have an easy to commute to Tampa and Orlando! Community features sidewalks throughout, 5 great lakes, a clubhouse with fitness center, resort-style pool, tennis courts, basketball courts, playground and fishing dock plus planned activities for the residents. The HOA fee even includes cable and 100mbps internet! ALL APPLIANCES, CURTAINS, RODS AND WASHER AND DRYER INCLUDED!! Don't miss this one!! Schedule your showing today before it is gone!!

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MARKET HIGHLIGHTS

  • #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: Villages at Bridgewater

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $70k251k

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

Neighborhood: Villages at Bridgewater

NeighborhoodNIR Market*CityMarket2015Year20092019 Q210001100120013001400150016001700Rent in $9081702

* 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
Wendell Watson Elementary School Primary Regular 741 47 5
Lake Gibson Middle School Middle Regular 1,130 68 4
Tenoroc High School High Regular 1,170 72 2

Wendell Watson Elementary School

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 47
5
GreatSchools Rating

Lake Gibson Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 68
4
GreatSchools Rating

Tenoroc High School

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

$189,000$231,000$210,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$775
Property Tax -$255
Property Insurance -$113
HOA -$122
Property Management Fees -$129
CASH FLOW
-$5

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.

$210,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 5.9%
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$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$12,012

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,200

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3903$1,550
$1,550
RENT COMPS ANALYSIS
  • 5758 Lacar Way Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.03
    •  
  • 1007 Janet Dr Lakeland, FL 1
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 2007
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.77
    •  
  • 2471 Winnipeg Dr Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2017
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ashley Higgins
1.863.308.2284
Webpro Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919893
Last Updated: 12/30/2020
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