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6798 Bordeaux Blvd Lakeland, FL 33811

3 Beds 2 Baths 1,812 sqft Built 2005

$250,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $137.97
  • 6 Days on Market
  • MLS # : T3288031
  • Updated Date : 02/04/2021 at 16:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full
Listing Agent

Ez Choice Mls, Inc

Listing Agent's Description

Welcome to this 3 bedroom 2 bathroom home located in Reflections West. The location is convenient to local stores and restaurants, with easy access to I-4 and SR 60. The home features a spacious living room, formal living room, dining room, split bedroom plan, screened in lanai that leads out to a large back yard ready for a pool, 2 car garage, and inside utility room! The large master suite features the master bathroom with dual sinks, garden tub, walk-in shower stall and two walk-in closets. The kitchen offers a range with over-the-range microwave, dishwasher, a closet pantry, snack bar area, and a breakfast nook. All the windows are tinted and the house is ready for a wireless alarm system. Call today to make your appointment to see this home!

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: Reflections West

NeighborhoodNIR Market*CityMarket2010Year2000201950k60k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $50k186k

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

Neighborhood: Reflections West

NeighborhoodNIR Market*CityMarket2015Year20092019 Q2950100010501100115012001250130013501400Rent in $9081439

* 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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$868
Property Tax -$275
Property Insurance -$140
HOA -$21
Property Management Fees -$129
CASH FLOW
$137

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.

$250,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$25,704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,581

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,4453$1,5704$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 6798 Bordeaux Blvd Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.87
    •  
  • 2238 Blackwood Dr Mulberry, FL 1
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2004
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.77
    •  
  • 2610 Whitewood Rd Mulberry, FL 2
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2004
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.85
    •  
  • 3284 Sanoma Dr Lakeland, FL 4
    • 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 2005
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 2226 Blackwood Dr Mulberry, FL 5
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2002
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
PROPERTY LISTING DETAILS
Shawna Kugler
1.813.377.2260
Ez Choice Mls, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288031
Last Updated: 02/04/2021
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