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6911 Eagle Ridge Blvd Lakeland, FL 33813

3 Beds 2 Baths 1,824 sqft Built 2006

$299,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $164.42
  • 4 Days on Market
  • MLS # : U8108808
  • Updated Date : 01/08/2021 at 17:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,824 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

WELCOME HOME to this stunning, modern 3 bedrooms, 2 bathroom house located in the highly desired gated community of Eaglebrooke in South Lakeland! From the street, you are greeted by a clean exterior aesthetic and 2-car garage. Immediately upon entry, you will find the whole interior has been renovated - complete with brand-new flooring throughout, a new gorgeous open-concept kitchen, new marble countertops and shower tile in the bathrooms, and a brand new screened-in lanai. All these features are accentuated by the 10’ ceilings, giving the home a spacious but cozy feel. Master bedroom complete with en-suite bathroom including a jetted tub, large stand up shower, and private water closet. As you exit the rear of the home, you will notice a large multi-purpose room, perfect for a more intimate dining room or use as a home office. When the time comes for you to leave home and enjoy some fresh air, the Eaglebrooke community has much to offer. Whether you like to play golf, tennis, go swimming, or just hang out, head to the clubhouse and you’re sure to find something to keep you entertained. Schedule your showing today!

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: Eaglebrooke

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $70k371k

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

Neighborhood: Eaglebrooke

NeighborhoodNIR Market*CityMarket2015Year20092019 Q210001100120013001400150016001700180019002000Rent in $9082045

* 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
Scott Lake Elementary School Primary Regular 771 52 5
Lakeland Highlands Middle School Middle Regular 1,217 66 6
George W. Jenkins Senior High School High Regular 2,319 116 5

Scott Lake Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 52
5
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,042
Property Tax -$329
Property Insurance -$140
HOA -$8
Property Management Fees -$129
CASH FLOW
-$27

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.

$299,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.82%
Appreciation Year (1-5) 1.4%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.75

YEARS SAVED

$14,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5504$1,6205$1,645
$1,645
RENT COMPS ANALYSIS
  • 6911 Eagle Ridge Blvd Lakeland, FL 4
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.89
    •  
  • 7133 Lake Eaglebrooke Dr Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 6860 Lake Eaglebrooke Dr Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2004
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 6876 Lake Eaglebrooke Dr Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2004
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 6850 Eagle Ridge Loop Lakeland, FL 5
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.90
    •  
PROPERTY LISTING DETAILS
Irina Roth
1.727.871.3846
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108808
Last Updated: 01/08/2021
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