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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $138.75
- 4 Days on Market
- MLS # : L4920130
- Updated Date : 01/09/2021 at 18:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,982 sqft
- Baths : 2 full , 1 half
Listing Agent
Lakeland Homes And Realty, Llc
Listing Agent's Description
Charming 3 bedroom, 2.5 bath with Office/Florida Room, and screened Lanai in the South Lakleland desirable golf community, Eaglebrooke. On a quiet cul-de-sac, this home features a spacious Kitchen with an eat in Breakfast Nook, convenient portable island, and a walk-in Pantry that even has an extra storage space! The Master Bedroom is on the first floor with double Walk In Closets. The Master Bath has his and hers vanities, a large walk in shower, and a relaxing garden tub. Off of the Family Room are double glass doors to a Florida Room or Office Space that overlooks the Screened Lanai and Backyard. The second floor has two Bedrooms that are connected by a small Loft and Full Bathroom. Enjoy all of the amenities that Eaglebrooke has to offer: 24-hour gated Guard House, gold membership, swimming, clubhouse with a Pro Shop and dining, tennis, walking, and exterior lawn care provided by the HOA.
SEE MORE
- 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: Village at Eaglebrooke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village at Eaglebrooke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$411 | |
| Property Insurance | -$149 | |
| HOA | -$8 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$98
|
||
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.
$275,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.82% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.73% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
6.67
YEARS SAVED
$22,458
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,754
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
7125 Lake Eaglebrooke Way Lakeland, FL 5
- 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,750
- $0.88
-
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
-
1144 Clearpointe Way Lakeland, FL 2
- 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2004
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,575
- $0.93
-
6850 Eagle Ridge Loop Lakeland, FL 3
- 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
-
1043 Clearpointe Way Lakeland, FL 4
- 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2003
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,750
- $0.84
PROPERTY LISTING DETAILS
1.863.944.9027
Lakeland Homes And Realty, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4920130
Last Updated: 01/09/2021
