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$410,000

Sale Pending
1901 Paddock Dr, Plant City, FL 33566
4 Beds
2 Baths
1,948 Square Feet
0.28 Acres Lot
Built in 1984
Sale Pending
1 Units
Checked: 14 hours ago
Updated: Jul 03, 2025 at 03:41AM

Investment Summary


Monthly Cash Flow
-$291
Cap Rate
5.3%
Cash-on-Cash Return
-3.7%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.4%

Property Description


0.28 Acres Lot
Built in 1984
Sale Pending
1 Units

One or more photo(s) has been virtually staged. **The seller will be putting on a new roof prior to closing!** Welcome to this beautiful 4-bedroom, 2-bathroom pool home that perfectly blends modern elegance with comfortable living. Step inside to discover beautiful wood-look tile flooring throughout (with carpet in the bedrooms) and an open-concept design that’s perfect for both everyday living and entertaining. When you walk through the double-door entry, you are in the living room/dining room combination space with one of three sets of sliding doors that lead out to the pool deck. The spacious kitchen is a chef’s dream, featuring sleek stone countertops, stainless steel appliances, coffee bar, closet pantry, a large kitchen island with bar-style seating, and plenty of storage. The heart of the home is the inviting family room, showcasing a vaulted ceiling with an exposed beam and a cozy fireplace, creating a warm and stylish atmosphere. The kitchen and family room open to each other, making entertaining a breeze. The seamless flow from the family room to the screened-in pool area through another set of sliding doors makes indoor-outdoor living an everyday event. Enjoy year-round relaxation and gatherings by the sparkling pool in your private, screened oasis. The primary suite features a spacious floor plan, a walk-in closet, and a fully appointed en-suite bathroom. With modern finishes throughout, generous bedrooms, and beautifully updated bathrooms, this home offers the perfect blend of functionality and flair. The home sits in The Paddocks, a sub-community in Walden Lake, well known in Plant City for its well-kept neighborhoods, amenities, and recreational facilities. Don’t miss the opportunity to make this exceptional home yours!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Driveway, Garage Door Opener, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Tiffany Sullivan/Bette Guarino
  • HOA Fee: $100/annually
  • Additional Association: Walden Lake
  • Additional HOA Fee: $386/semi-annually

Land Information

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

Lot Information

  • Parcel ID: P0629225AI000004000090
  • Lot Size: 12284 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1984

Tax Information

  • Annual Tax: $3,087

Utilities

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

Location

  • County: Hillsborough

Listing Details


Listed by:
Malissa Crawford
REMAX EXPERTS
(813) 967-0168

Source:
Stellar MLS
MLS#: TB8395922
Stellar MLS

Investment Summary


Monthly Cash Flow
-$291
Cap Rate
5.3%
Cash-on-Cash Return
-3.7%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.4%

Purchase Details

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Purchase price:
$410,000
Amount financed:
-$328,000
Down payment:
$82,000
Closing costs:
$12,300
Rehab costs:
$0
Initial cash invested:
$94,300
Square feet:
1,948
Cost per square foot:
$210
Monthly rent per square foot:
$1.59

Financing Details

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Loan amount:
$328,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,100
Property tax:
$257
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,574

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$257-$3,088
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (2%)
2%-$73-$876
Total operating expenses: (36%)
36%-$1,105-$13,264

Cash Flow


Monthly Yearly
Net operating income:
$1,809 $21,708
Mortgage payments:
-$2,100 -$25,200
Cash flow:
$291 $3,492