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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $161.52
- 2 Days on Market
- MLS # : L4920752
- Updated Date : 02/06/2021 at 22:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,393 sqft
- Baths : 2 full
Listing Agent
La Rosa Realty Prestige
Listing Agent's Description
Come see this freshly painted home with a NEW ROOF installed February 01, 2021, sitting on just over a 1/4 of an acre with no backyard neighbors. This home with tile all throughout has 3 Bedrooms 2 bathrooms, an open concept kitchen with a breakfast bar, and is waiting for you to make it your own. More pictures coming soon.
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: Oak Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$782 |
| Property Tax | -$247 | |
| Property Insurance | -$116 | |
| HOA | -$14 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$52
|
||
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.
$225,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.75% |
| Appreciation Year (1-5) | 7.1% |
| 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
$65,375
LOAN DETAILS
$782
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
6.42
YEARS SAVED
$16,632
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,181
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
8006 Oak Run Cir Lakeland, FL 2
- 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,340
- $0.96
-
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
-
8603 Tara Pl Lakeland, FL 3
- 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1988
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,350
- $0.80
-
943 Princeton Manor Ln Lakeland, FL 4
- 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2007
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,375
- $0.91
-
142 Lindale St Lakeland, FL 5
- 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
PROPERTY LISTING DETAILS
1.305.510.2049
La Rosa Realty Prestige
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4920752
Last Updated: 02/06/2021
