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7133 Heatherbrook Dr Lakeland, FL 33809

3 Beds 2 Baths 1,720 sqft Built 2014

$247,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
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!

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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: Hunters Crossing

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $69k236k

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

Neighborhood: Hunters Crossing

NeighborhoodNIR Market*CityMarket2015Year20092019 Q2950100010501100115012001250130013501400145015001550Rent in $9081590

* 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
Edgar L. Padgett Elementary School Primary Regular 547 33 6
Lake Gibson Middle School Middle Regular 1,130 68 4
Lake Gibson Senior High School High Regular 1,834 92 3

Edgar L. Padgett Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 33
6
GreatSchools Rating

Lake Gibson Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 68
4
GreatSchools Rating

Lake Gibson Senior High School

  • Education Level: High
  • # of students: 1,834
  • # of teachers: 92
3
GreatSchools Rating
 

$222,300$271,700$247,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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

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$71,205

INVESTMENT

$71,205

Down Payment
$61,750
Rehab Estimate
$5,750
Closing Costs
$3,705

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,750
Loan Amount $185,250
See What Happens When You Reinvest Cash Flow

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
$1,090
1$1,0902$1,2953$1,3954$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 7133 Heatherbrook Dr Lakeland, FL 4
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 323 Fox Lake Dr Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2003
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.74
    •  
  • 1007 Janet Dr Lakeland, FL 2
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 2007
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.77
    •  
  • 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
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 7163 Heatherbrook Dr Lakeland, FL 5
    • 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 2013
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
PROPERTY LISTING DETAILS
Shanta Navarro
1.407.747.0549
Keller Williams Advantage Iii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5044931
Last Updated: 01/12/2021
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