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8091 Grand Pines Blvd Lakeland, FL 33810

3 Beds 2 Baths 1,669 sqft Built 2002

$234,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $140.74
  • 3 Days on Market
  • MLS # : L4920316
  • Updated Date : 01/16/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,669 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Smart

Listing Agent's Description

3 Bedroom 2 Bath Cul-De-Sac Home in the Lovely Grand Pines Neighborhood. An open split floor plan lends a spacious yet cozy feeling as you walk through the home. Gorgeous wood tile floors flow throughout the majority of the home. The kitchen features stainless steel appliances, breakfast bar, solid wood cabinets and overlooks the family room. The master suite includes a private bathroom with double sinks and a deep soaking tub. *AC Replaced Summer 2020* *ROOF is only 3 years old!* The backyard is equipped with an RV hookup + no rear neighbors! The Grand Pines neighborhood offers a community pool and a playground that is close to the property. *Easy to Show!*

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Grand Pines

NeighborhoodNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160k170k180kPrice in $56k185k

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

Neighborhood: Grand Pines

NeighborhoodNIR Market*CityMarket2015Year20092019 Q290095010001050110011501200125013001350Rent in $8901380

* 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
Dr. N.e. Roberts Elementary School Primary Regular 661 47 6
Kathleen Middle School Middle Regular 764 42 4
Kathleen Senior High School High Regular 2,124 107 2

Dr. N.e. Roberts Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 47
6
GreatSchools Rating

Kathleen Middle School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 42
4
GreatSchools Rating

Kathleen Senior High School

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

$211,410$258,390$234,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$816
Property Tax -$258
Property Insurance -$131
HOA -$22
Property Management Fees -$129
CASH FLOW
-$17

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.

$234,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.75%
Appreciation Year (1-5) 6.5%
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$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$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$11,258

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
  • $0.8

    LIST RENT PER SQFT
  • $1,035

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0503$1,0504$1,0955$1,340
$1,340
RENT COMPS ANALYSIS
  • 8091 Grand Pines Blvd Lakeland, FL 5
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.80
    •  
  • 7856 Sugar Pine Blvd Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.60
    •  
  • 7880 Sugar Pine Blvd Lakeland, FL 2
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.60
    •  
  • 3010 Chasewood Dr Lakeland, FL 3
    • 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 2001
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.66
    •  
  • 7888 Sugar Pine Blvd Lakeland, FL 4
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.62
    •  
PROPERTY LISTING DETAILS
Ben Becton
1.863.617.0232
Keller Williams Realty Smart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4920316
Last Updated: 01/16/2021
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