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6543 Shepherd Oaks Rd Lakeland, FL 33811

4 Beds 2 Baths 2,079 sqft Built 2005

$256,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $123.14
  • 3 Days on Market
  • MLS # : L4919104
  • Updated Date : 11/06/2020 at 23:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,079 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Smart

Listing Agent's Description

NEW LISTING!!! Move-in-Ready 4 bedroom, 2 bath home South Lakeland! There is so much to love! This home is the fantastic STIRLING floor plan built by Highland Homes. As you enter the front door everything is light and bright with vaulted ceilings, a large living room open to the dining room, and a spacious kitchen. The kitchen is spacious with lots of counter space, closet pantry, and seating at the bar height counter. The Master suite has vaulted ceilings, large walk-in closet, and a private bathroom with double sinks, soaking tub, and shower. The back yard features a screened porch, storage shed, and privacy fence. Recent updates include New Roof 2020, AC is newer, all new paint on the exterior, and new flooring being installed in the middle bedroom very soon. Priced to sell! Call today for your private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Shepherd Oaks

NeighborhoodNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $54k186k

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

Neighborhood: Shepherd Oaks

NeighborhoodNIR Market*CityMarket2015Year20092019 Q2950100010501100115012001250130013501400Rent in $9081435

* 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
James W. Sikes Elementary School Primary Regular 873 58 5
Mulberry Middle School Middle Regular 1,035 57 4
Mulberry Senior High School High Regular 1,056 58 4

James W. Sikes Elementary School

  • Education Level: Primary
  • # of students: 873
  • # of teachers: 58
5
GreatSchools Rating

Mulberry Middle School

  • Education Level: Middle
  • # of students: 1,035
  • # of teachers: 57
4
GreatSchools Rating

Mulberry Senior High School

  • Education Level: High
  • # of students: 1,056
  • # of teachers: 58
4
GreatSchools Rating
 

$230,400$281,600$256,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$945
Property Tax -$282
Property Insurance -$155
HOA -$26
Property Management Fees -$80
CASH FLOW
$63

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.

$256,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 9.9%
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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,590

INVESTMENT

$73,590

Down Payment
$64,000
Rehab Estimate
$5,750
Closing Costs
$3,840

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$945

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,000
Loan Amount $192,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$22,247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5003$1,5504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 6543 Shepherd Oaks Rd Lakeland, FL 3
    • 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.75
    •  
  • 5950 Velvet Loop Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 2001
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.72
    •  
  • 5749 Deer Tracks Trl Lakeland, FL 2
    • 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 449 Oak Landing Blvd Mulberry, FL 4
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 2008
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 2326 Deerbrook Dr Lakeland, FL 5
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1991
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
PROPERTY LISTING DETAILS
Christina Moore
1.863.430.8517
Keller Williams Realty Smart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919104
Last Updated: 11/06/2020
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