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6526 Ami Ann Ct Lakeland, FL 33813

3 Beds 2 Baths 1,041 sqft Built 1994

$174,900

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $168.01
  • 3 Days on Market
  • MLS # : L4921448
  • Updated Date : 03/13/2021 at 11:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,041 sqft
  • Baths : 2 full
Listing Agent

Superior Property Mgmt & Sales

Listing Agent's Description

Adorably refreshed home in South Lakeland available! No HOA on this property. This 3/2 home features new laminate wood flooring and ceramic tile, has new paint, a front covered lanai and a single car garage. Convenient location on a quiet cul-de-sac.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Andrews Place

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $70k236k

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

Neighborhood: Andrews Place

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
Spessard L. Holland Elementary School Primary Regular 855 52 5
Bartow Middle School Middle Regular 826 54 3
Bartow Senior High School High Regular 2,039 120 5

Spessard L. Holland Elementary School

  • Education Level: Primary
  • # of students: 855
  • # of teachers: 52
5
GreatSchools Rating

Bartow Middle School

  • Education Level: Middle
  • # of students: 826
  • # of teachers: 54
3
GreatSchools Rating

Bartow Senior High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 120
5
GreatSchools Rating
 

$157,410$192,390$174,900

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$608
Property Tax -$192
Property Insurance -$95
Property Management Fees -$129
CASH FLOW
$36

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.

$174,900

PROJECTED PRICE

$1,060

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,099

INVESTMENT

$52,099

Down Payment
$43,725
Rehab Estimate
$5,750
Closing Costs
$2,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,725
Loan Amount $131,175
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$13,038

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,060

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $913

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$800
1$8002$1,0603$1,1954$1,250
$1,250
RENT COMPS ANALYSIS
  • 6526 Ami Ann Ct Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $1.02
    •  
  • 3934 Strickland Ct Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,011 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,011 Sqft ∙ Built 1987
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $0.79
    •  
  • 4057 Prairie Bend Ln Lakeland, FL 3
    • 3 beds 1 baths ∙ 1,377 Sqft ∙ Built 1988 3 beds 1 baths ∙ 1,377 Sqft ∙ Built 1988
    property image
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.87
    •  
  • 6548 Jenna Lee Ct Lakeland, FL 4
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1994
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tracey Crews
1.863.698.1783
Superior Property Mgmt & Sales
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4921448
Last Updated: 03/13/2021
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