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$469,900

For Sale - Active
1669 Kinsman Way, Lakeland, FL 33809
3 Beds
2 Baths
2,129 Square Feet
2.22 Acres Lot
Built in 2000
For Sale - Active
1 Units
Checked: 5 hours ago
Updated: Aug 31, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
-$705
Cap Rate
4.3%
Cash-on-Cash Return
-7.8%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-3.6%

Property Description


2.22 Acres Lot
Built in 2000
For Sale - Active
1 Units

Quality home built by Hulbert Homes is now available! This updated 3-bedroom, spacious pool home is located in the wonderful neighborhood of Manors of Nottingham. The community is conveniently situated near medical facilities, shopping, restaurants, and is just minutes from Interstate 4, providing quick access to Tampa and Orlando. Recent updates to the home include a roof replacement in 2022, new energy-efficient windows and doors installed in 2019, an HVAC system replacement in 2023, and a kitchen remodel in 2020 featuring granite countertops. The property sits on over 2 acres and boasts a private backyard overlooking trees and a serene retention area. Inside, the home offers an exceptional floor plan with easy-to-maintain laminate flooring throughout. The kitchen includes a lovely eat-in space that looks out onto the beautiful pool area, which has a newly stained pool deck with ample room for relaxation and enjoyment of the outdoors. The primary bedroom retreat features a luxurious spa-like en-suite bathroom with dual vanities, a freestanding tub, and a separate shower. The split bedroom plan is perfect for entertaining guests while providing family members with their own space. This single-story home also includes large closets in every bedroom, a flexible space currently used as a dining room, and an oversized garage. Call your agent to schedule a showing before this gem is sold! All room sizes are approximate.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Oversized, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shingle
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Manors of Nottingham Board members
  • HOA Fee: $190/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 242708161007000610
  • Lot Size: 96507 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2000

Tax Information

  • Annual Tax: $2,571

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Polk

Listing Details


Listed by:
Randall Benton, PA
BHHS FLORIDA PROPERTIES GROUP
(863) 660-1163

Source:
Stellar MLS
MLS#: L4955222
Stellar MLS

Investment Summary


Monthly Cash Flow
-$705
Cap Rate
4.3%
Cash-on-Cash Return
-7.8%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-3.6%

Purchase Details

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Purchase price:
$469,900
Amount financed:
-$375,920
Down payment:
$93,980
Closing costs:
$14,097
Rehab costs:
$0
Initial cash invested:
$108,077
Square feet:
2,129
Cost per square foot:
$221
Monthly rent per square foot:
$1.32

Financing Details

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Loan amount:
$375,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,407
Property tax:
$214
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,817

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$214-$2,572
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (1%)
1%-$16-$192
Total operating expenses: (33%)
33%-$930-$11,164

Cash Flow


Monthly Yearly
Net operating income:
$1,702 $20,424
Mortgage payments:
-$2,407 -$28,884
Cash flow:
$705 $8,460