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6783 Canbury Dr Lakeland, FL 33809

4 Beds 2 Baths 2,659 sqft Built 2004

$319,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $120.31
  • 3 Days on Market
  • MLS # : T3284033
  • Updated Date : 01/09/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,659 sqft
  • Baths : 2 full
Listing Agent

Century 21 Affiliated

Listing Agent's Description

Large Family? No problem! This roomy 4 Bedroom, 2 Bath + Office/Bonus Room (currently being used as a 5th Bedroom!) home was designed to ensure there is ample space to S-P-R-E-A-D out! Nestled on a Prime 1/3+ Acre fenced Cul-de-sac lot in the friendly community of Hampton Chase, you are within minutes of major Thoroughfares, vibrant Retail and Dining, top Medical Facilities, great Schools in addition to countless Activity, Entertainment and Cultural venues as well as Parks and Nature Preserves! Too many Cooks in the Kitchen? Miles of counterspace means there is room for everyone! Featuring Designer Countertops, gleaming Wood Cabinetry, Stainless Appliances, a centralized Prep Island and cozy Café Dining, the Kitchen is the heart of this home! Off the Kitchen, is a well equipped Laundry Suite with organized Storage and Pantry space. Love to Entertain? From Formal Dinners to large Family get-togethers, the 12x14 Dining Room is the perfect spot! Bathed in Natural Light and accented by warm Wood flooring, the expansive Greatroom will be the gathering spot for family and friends! The Master Suite boasts an en suite Garden Bath with Dual Vanities, a beautifully tiled Shower and a relaxing Soaking Tub. The Secondary Bedrooms are generous in size with ample Closet Space! Notable improvements include – NEW: Windows and Doors throughout, Interior/Exterior Paint, Bathroom Vanities, Kitchen Countertops, Lighting and Blinds, Faucets, Fixtures and Hardware, Vinyl Fencing and soooo much more! Outdoor Living includes a wonderful Screened Lanai and Covered BBQ zone. In addition, there is plenty of Green space in the large Fenced Backyard (great for kids and/or pets!) for Gardening, Play and/or a Pool as well as ample space to park a boat! Call today for your Private Viewing or Virtual Showing and don’t forget to check out the Online Video!

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: Hampton Chase

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k286k

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

Neighborhood: Hampton Chase

NeighborhoodNIR Market*CityMarket2015Year20092019 Q210001100120013001400150016001700Rent in $9081720

* 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
Lake Gibson Senior High School High Regular 1,834 92 3

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

Lake Gibson Senior High School

  • Education Level: High
  • # of students: 1,834
  • # of teachers: 92
3
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,111
Property Tax -$352
Property Insurance -$188
HOA -$30
Property Management Fees -$129
CASH FLOW
-$80

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.

$319,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.82%
Appreciation Year (1-5) 7.1%
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-$4.0k-$2.0k$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$11,252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,961

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,8353$1,8754$1,9255$2,200
$2,200
RENT COMPS ANALYSIS
  • 6783 Canbury Dr Lakeland, FL 1
    • 4 beds 2 baths ∙ 2,659 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,659 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.65
    •  
  • 6298 Manitoba Dr Lakeland, FL 2
    • 5 beds 4 baths ∙ 2,336 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,336 Sqft ∙ Built 2018
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.79
    •  
  • 1411 Banbury Loop N Lakeland, FL 3
    • 5 beds 3 baths ∙ 2,738 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,738 Sqft ∙ Built 1999
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.68
    •  
  • 2418 Winnipeg Dr Lakeland, FL 4
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2008
    property image
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.71
    •  
  • 1417 Banbury Loop N Lakeland, FL 5
    • 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 1999
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ginger Gillette
1.813.310.3072
Century 21 Affiliated
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284033
Last Updated: 01/09/2021
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