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8155 Shadywood Ct Lakeland, FL 33810

4 Beds 2 Baths 1,664 sqft Built 1984

$195,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $117.19
  • 7 Days on Market
  • MLS # : L4920772
  • Updated Date : 02/08/2021 at 14:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,664 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Plenty of room to roam! 4 bedroom/ 2 bath home on almost half an acre with a fully fenced yard. Plenty of room for your boat or RV, no HOA or deed restrictions. Oversized shed provides additional storage. All located on a quiet cul-de-sac street. Newer laminate floor in main living areas. Inside utility. Enclosed porch/ sunroom needs work, but has great protentional.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Indian Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180kPrice in $70k185k

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

Neighborhood: Indian Heights

NeighborhoodNIR Market*CityMarket2015Year20092019 Q290095010001050110011501200125013001350Rent in $9001380

* 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
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$677
Property Tax -$214
Property Insurance -$131
Property Management Fees -$129
CASH FLOW
$158

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.

$195,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$24,984

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,319

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,0503$1,3104$1,4005$1,435
$1,435
RENT COMPS ANALYSIS
  • 8155 Shadywood Ct Lakeland, FL 3
    • 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.79
    •  
  • 3010 Chasewood Dr Lakeland, FL 1
    • 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,580 Sqft ∙ Built 2001
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.66
    •  
  • 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
    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
    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
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jopie Tjioe
1.863.698.9341
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4920772
Last Updated: 02/08/2021
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