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813 W Warren St Plant City, FL 33563

3 Beds 2 Baths 1,353 sqft Built 2020

$225,900

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $166.96
  • 5 Days on Market
  • MLS # : T3282859
  • Updated Date : 01/09/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,353 sqft
  • Baths : 2 full
Listing Agent

Xpress Property Resource,inc

Listing Agent's Description

Under Construction. New construction . No HOA or CDD . 3 Bed 2 Bath in quiet neighborhood. Must see .

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: Improvement League of Plant City

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k238k

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

Neighborhood: Improvement League of Plant City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7451590

* 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
Burney Elementary School Primary Regular 359 42 3
Tomlin Middle School Middle Regular 1,608 104 4
Plant City High School High Regular 2,219 122 5

Burney Elementary School

  • Education Level: Primary
  • # of students: 359
  • # of teachers: 42
3
GreatSchools Rating

Tomlin Middle School

  • Education Level: Middle
  • # of students: 1,608
  • # of teachers: 104
4
GreatSchools Rating

Plant City High School

  • Education Level: High
  • # of students: 2,219
  • # of teachers: 122
5
GreatSchools Rating
 

$203,310$248,490$225,900

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$785
Property Tax -$242
Property Insurance -$115
Property Management Fees -$129
CASH FLOW
-$61

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$225,900

PROJECTED PRICE

$1,210

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 3.00%
Vacancy 5.27%
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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,864

INVESTMENT

$61,864

Down Payment
$56,475
Rehab Estimate
$2,000
Closing Costs
$3,389

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$785

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,475
Loan Amount $169,425
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$11,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,434

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,2102$1,2753$1,4954$1,5455$1,550
$1,550
RENT COMPS ANALYSIS
  • 813 W Warren St Plant City, FL 1
    • 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.89
    •  
  • 1301 Oak Pointe Pl Plant City, FL 2
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 2000
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.02
    •  
  • 118 Orange Bud Way Plant City, FL 3
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 2004
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
  • 1104 Old Mossy Ct Plant City, FL 4
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 2005
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.14
    •  
  • 910 N Wills St Plant City, FL 5
    • 4 beds 2 baths ∙ 1,454 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,454 Sqft ∙ Built 2006
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
PROPERTY LISTING DETAILS
Jennifer O'neal
1.813.638.2560
Xpress Property Resource,inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282859
Last Updated: 01/09/2021
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