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8049 Kaitlin Cir Lakeland, FL 33810

3 Beds 2 Baths 1,514 sqft Built 1997

$225,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $148.61
  • 3 Days on Market
  • MLS # : O5921360
  • Updated Date : 02/06/2021 at 13:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,514 sqft
  • Baths : 2 full
Listing Agent

Bhhs Results Realty

Listing Agent's Description

Situated in quiet Tangerine Trails you’ll find this picture perfect, move-in ready, 3 bedroom, 2 bathroom home boasting over 1,500 square feet of living space with a well-manicured and welcoming front lawn. Entry into this home accesses the spacious, living area with NEW CARPET and open concept floor plan. Just beyond you’ll find the recently renovated kitchen with a skylight, pass through window from the living room, and breakfast bar that overlooks the dinette with NEWER sliding glass doors. Master suite is fit for a king with a bathroom en-suite boasting a stand alone shower. The dining room slider accesses a fully enclosed rear patio with thermal drapes overlooking the fenced in backyard with detached storage shed with hurricane strips, fire pit and stone seating for chilly nights and friendly gatherings, as well as a massive tree providing a nice shaded area for the little ones to play in during hot summer afternoons. This move in ready home offers a Newer ROOF, Newer A/C system with HEPA filter, and much more!

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: Tangerine Trails

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190kPrice in $70k191k

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

Neighborhood: Tangerine Trails

NeighborhoodNIR Market*CityMarket2015Year20092019 Q2950100010501100115012001250130013501400Rent in $9081442

* 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
R. Clem Churchwell Elementary School Primary Regular 627 39 6
Sleepy Hill Middle School Middle Regular 816 50 2
Kathleen Senior High School High Regular 2,124 107 2

R. Clem Churchwell Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 39
6
GreatSchools Rating

Sleepy Hill Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 50
2
GreatSchools Rating

Kathleen Senior High School

  • Education Level: High
  • # of students: 2,124
  • # of teachers: 107
2
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$782
Property Tax -$247
Property Insurance -$123
HOA -$12
Property Management Fees -$129
CASH FLOW
-$12

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

$1,280

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 3.80%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$11,251

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,280

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,211

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$975
1$9752$1,0503$1,2804$1,4005$1,435
$1,435
RENT COMPS ANALYSIS
  • 8049 Kaitlin Cir Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.85
    •  
  • 2706 Shadywood Pl Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1991
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.69
    •  
  • 7949 Indian Heights Dr Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1990
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.77
    •  
  • 2727 Jennifer Dr Lakeland, FL 4
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1993
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
  • 7469 Briarbay Loop Lakeland, FL 5
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2000
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.84
    •  
PROPERTY LISTING DETAILS
Tiffany Licata, Pa
1.407.617.7515
Bhhs Results Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921360
Last Updated: 02/06/2021
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