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8133 Bristol Bay Ave Lakeland, FL 33810

3 Beds 2 Baths 1,529 sqft Built 2004

$230,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $150.43
  • 5 Days on Market
  • MLS # : O5913149
  • Updated Date : 12/24/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,529 sqft
  • Baths : 2 full
Listing Agent

Nexthome My Way

Listing Agent's Description

MOVE IN READY!! This impressive, home exudes sophistication and is positioned on a generous allotment. This property has been immaculately maintained and enjoys the added benefit of being in a peacefully quiet neighborhood. With NEW A/C, NEW door Garage and freshly painted. The huge living room leads to an open plan kitchen and dining room creating an amazing sense of space. The master features a generous walk-in robe and beautiful bathroom. This home simply exudes peace and harmony. Beautifully tiled family bathroom plus an internal laundry room. High ceilings accentuate the free-flowing open plan. Kitchen has a breakfast bar and plentiful storage, plus a dishwasher. Effortlessly chic and tastefully decorated, the house offers light filled spacious bedrooms. Large block with low maintenance, private yard. This home is enviably positioned in a quiet street just moments from local shops and cafes. Devonshire Manor is a very welcoming community, where local schools are nearby. If you are looking for a lifestyle change this home is a must see!

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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: Devonshire Manor

NeighborhoodNIR Market*CityMarket2010Year2000201940k60k80k100k120k140k160k180k200k220kPrice in $38k236k

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

Neighborhood: Devonshire Manor

NeighborhoodNIR Market*CityMarket2015Year20092019 Q2950100010501100115012001250130013501400145015001550Rent in $9081590

* 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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$849
Property Tax -$253
Property Insurance -$123
HOA -$14
Property Management Fees -$129
CASH FLOW
-$68

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.

$230,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.82%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 3.73%
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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $979

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9953$1,1004$1,1505$1,300
$1,300
RENT COMPS ANALYSIS
  • 8133 Bristol Bay Ave Lakeland, FL 5
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.85
    •  
  • 7804 Country Chase Ave Lakeland, FL 1
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.58
    •  
  • 8198 Westmont Ave Lakeland, FL 2
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.61
    •  
  • 2389 Hamlet Cir Lakeland, FL 3
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.65
    •  
  • 2423 Hamlet Cir Lakeland, FL 4
    • 4 beds 2 baths ∙ 1,592 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,592 Sqft ∙ Built 2007
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.72
    •  
PROPERTY LISTING DETAILS
Johnpaul Vazquez Sepulveda
1.407.600.0133
Nexthome My Way
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913149
Last Updated: 12/24/2020
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