Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $109.94
- 3 Days on Market
- MLS # : N6113410
- Updated Date : 01/16/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,137 sqft
- Baths : 2 full
Listing Agent
Realpro Inc
Listing Agent's Description
GREAT DEAL! BELOW MARKET VALUE! 3/2 CORPORATE OWNED HANDYMAN SPECIAL! PROPERTY SOLD 'AS IS'. GREAT RENTAL AREA OR FIXER UPPER HOME. LOTS OF POTENTIAL.
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: The Pines
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Pines
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,000 |
| EXPENSES | Loan Payment | -$434 |
| Property Tax | -$179 | |
| Property Insurance | -$101 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$157
|
||
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.
$125,000
PROJECTED PRICE
$1,000
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.75% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.80% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$38,875
LOAN DETAILS
$434
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $31,250 |
| Loan Amount | $93,750 |
11.17
YEARS SAVED
$20,824
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,000
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$813
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
711 Ponderosa Dr W Lakeland, FL 3
- 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,000
- $0.88
-
3512 Doreen Dr Lakeland, FL 1
- 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1963
LEASED 02/12/20- Rent
- Rent Per SQFT
- $785
- $0.66
-
3476 Justin David Ct Lakeland, FL 2
- 3 beds 2 baths ∙ 1,045 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,045 Sqft ∙ Built 1993
LEASED 02/12/20- Rent
- Rent Per SQFT
- $800
- $0.77
PROPERTY LISTING DETAILS
1.754.581.8555
Realpro Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6113410
Last Updated: 01/16/2021
