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7125 Lake Eaglebrooke Way Lakeland, FL 33813

3 Beds 3 Baths 1,982 sqft Built 2002

$275,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
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

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: Village at Eaglebrooke

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $65k282k

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

Neighborhood: Village at Eaglebrooke

NeighborhoodNIR Market*CityMarket2015Year20092019 Q2100011001200130014001500160017001800Rent in $9081850

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

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
$1,495
1$1,4952$1,5753$1,6454$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 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
Melissa Ash
1.863.944.9027
Lakeland Homes And Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4920130
Last Updated: 01/09/2021
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