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6328 Timucuans Dr Lakeland, FL 33813

5 Beds 3 Baths 2,327 sqft Built 1980

$299,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $128.49
  • 3 Days on Market
  • MLS # : L4919704
  • Updated Date : 12/11/2020 at 18:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,327 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Smart

Listing Agent's Description

This spacious south Lakeland pool home offers 2,327 sq. ft. of true living space and includes the mother-in-law suite your family has been dreaming of! The main home features 3 bedrooms, plus an office/4th bedroom, 2 full bathrooms, and a spacious living/dining room with fire place. Master bedroom has ensuite bath and walk in closet. The desirable floor plan of the mother-in-law addition has a large living room with sliders for pool access, kitchenette, oversized bedroom, and full bath with second additional shower stall that can hold a shower chair. Mother-in-law suite also has a private entrance with dedicated parking. There is plenty of space and privacy for large, multi-generational families in this home! The oversized pool area is perfect for family gatherings with a lanai under roof and is completely caged. The lot is almost a third of an acre of gardens and landscaping and has a fenced backyard. Roof was replaced in 2019 and some windows have been replaced. NO HOA or CDD! Imagine the possibilities….

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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: Indian Trails

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $70k236k

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

Neighborhood: Indian Trails

NeighborhoodNIR Market*CityMarket2015Year20092019 Q2950100010501100115012001250130013501400145015001550Rent in $9081590

* 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
Valleyview Elementary School Primary Regular 726 45 8
Lakeland Highlands Middle School Middle Regular 1,217 66 6
George W. Jenkins Senior High School High Regular 2,319 116 5

Valleyview Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 45
8
GreatSchools Rating

Lakeland Highlands Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 66
6
GreatSchools Rating

George W. Jenkins Senior High School

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

$269,100$328,900$299,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,103
Property Tax -$329
Property Insurance -$169
Property Management Fees -$129
CASH FLOW
$190

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.

$299,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.82%
Appreciation Year (1-5) 6.9%
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$0.0$5.0k$10k$15k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$40,960

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,664

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,8004$1,8005$1,920
$1,920
RENT COMPS ANALYSIS
  • 6328 Timucuans Dr Lakeland, FL 5
    • 5 beds 3 baths ∙ 2,327 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,327 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.83
    •  
  • 5465 Highlands Vista Cir Lakeland, FL 1
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1998
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 6632 Englelake Dr Lakeland, FL 2
    • 4 beds 2 baths ∙ 2,327 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,327 Sqft ∙ Built 1990
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
  • 5905 Coveview Dr W Lakeland, FL 3
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 1993
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.69
    •  
  • 5875 Hollyhock Dr Lakeland, FL 4
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1992
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
PROPERTY LISTING DETAILS
Gate Arty
1.863.680.9988
Keller Williams Realty Smart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919704
Last Updated: 12/11/2020
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