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811 Krenson Woods Ln 
Lakeland, FL
33813
4 Beds 2 Baths 1,883 sqft
Built 2013
INVESTimate
$234,900
List Price
$67,999
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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $124.75
- 34 Days on Market
- MLS # : T3255372
- Updated Date : 08/24/2020 at 13:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,883 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Price Drop! Brand NEW A/C ! This 4 bedroom, 2 bath home is located near everything! Schools, restaurants, shopping, all within minutes. Nestled in the small subdivision of Krenson Woods, this home is ready for it’s new owner. The true split floor plan allows for plenty of peace & quiet. There are 2 separate living areas for studying &/or a home office setup. The back lanai is great for relaxing and cooking the BBQ steaks. The back yard is big enough for the little ones, even the 4 legged ones. A nice playground is only 3 doors down & the elementary school is about ¼ mile away. This one won’t last long. Please do yourself a favor & arrange for a showing ASAP.
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Medulla
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Medulla
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$305 | |
| Property Insurance | -$144 | |
| HOA | -$37 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$28
|
||
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
$1,460
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.75% |
| Appreciation Year (1-5) | 8.96% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.80% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$67,999
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,725 |
| Loan Amount | $176,175 |
5.5
YEARS SAVED
$16,424
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,441
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
811 Krenson Woods Ln Lakeland, 3
- 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,460
- $0.78
-
5284 Krenson Woods Way Lakeland, 1
- 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 2014
![property image]()
LEASED 11/06/19- Rent
- Rent Per SQFT
- $1,350
- $0.72
-
949 Krenson Woods Rd Lakeland, 2
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2013
![property image]()
LEASED 10/08/19- Rent
- Rent Per SQFT
- $1,400
- $0.90
-
5685 Oakwood Knoll Dr Lakeland, 4
- 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2005
![property image]()
LEASED 08/10/19- Rent
- Rent Per SQFT
- $1,500
- $0.70
-
5745 Oakwood Knoll Dr Lakeland, 5
- 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 2005
![property image]()
LEASED 05/31/19- Rent
- Rent Per SQFT
- $1,550
- $0.74
PROPERTY LISTING DETAILS
1.813.754.3586
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3255372
Last Updated: 08/24/2020
