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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $143.60
- 7 Days on Market
- MLS # : S5044931
- Updated Date : 01/12/2021 at 17:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,720 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage Iii
Listing Agent's Description
Welcome to this beautiful 3 bedroom, 2 bath home in the serene and scenic community of Hunters Ridge. The oversized home site fans out gracefully across the back, giving you more than ¼ acre of well-maintained property that is surrounded by tropical plantings and shrubbery that tap into the exterior's charming curb appeal. This Florida style contemporary embodies all that is best about Florida living. Front entry opens to great room that houses the living room, dining room and family room at the far end. This design is the perfect example of an open concept floor plan that brings together different elements of the home into one space. Bordering the family room, the kitchen is awash in neutral colors and sleek stainless appliances that are included in the sale. Large cre?me colored floor tiles cover the entire area and ample counter space and oak cabinets offer balance to the design. Master bedroom with double doors is perfect for your king sized bed. Organize your wardrobe in the spacious walk-in closet as you prepare to wind down in the ensuite bath with Jacuzzi tub, elongated vanity with double sinks, separate shower and private water closet. Privacy for guests is high on the list as well with the two additional bedrooms located away from the master. They comfortably share a full bath with shower and tub combo. A wonderful way to add additional living space is to utilize the attached lanai in the best possible way. No matter the weather, the sheltered lanai is an excellent feature that can add enjoyment to your life. It offers protection to your outdoor furniture and keeps the bugs at bay. You’ll be screened in while you dine outdoors or just relax and watch the family or four legged friends romp in the fenced back yard. Beyond the fencing is a retention area for storm water collection and no rear neighbors keeps the atmosphere quiet and peaceful. Hunters Crossings is a gated community that is just 5 minutes from I-4 in Lakeland, making it a commuters dream. Enjoy the many conveniences of the local area; parks, recreation, medical centers, shopping and dining or travel to Orlando or Tampa for additional amenities. ENTERTAIN, RELAX, AND ENJOY!!! Call today to schedule your private showing of this gorgeous home!
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: Hunters Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hunters Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$858 |
| Property Tax | -$272 | |
| Property Insurance | -$134 | |
| HOA | -$34 | |
| 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.
$247,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.82% |
| Appreciation Year (1-5) | 7.1% |
| 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
$71,205
LOAN DETAILS
$858
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,750 |
| Loan Amount | $185,250 |
4.58
YEARS SAVED
$11,373
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,419
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/12/20- Rent
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- $1,295
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142 Lindale St Lakeland, FL 3
- 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1999
LEASED 10/29/20- Rent
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- $1,395
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7163 Heatherbrook Dr Lakeland, FL 5
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LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,450
- $0.85
PROPERTY LISTING DETAILS
1.407.747.0549
Keller Williams Advantage Iii
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5044931
Last Updated: 01/12/2021
