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$369,000

For Sale - Active
219 Lovely Ct, Plant City, FL 33566
4 Beds
3 Baths
1,957 Square Feet
0.17 Acres Lot
Built in 2022
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Jul 20, 2025 at 06:29AM

Investment Summary


Monthly Cash Flow
-$670
Cap Rate
4.0%
Cash-on-Cash Return
-9.5%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.2%

Property Description


0.17 Acres Lot
Built in 2022
For Sale - Active
1 Units

This beautifully maintained, energy-efficient Smart home that was Built by Meritage Homes is nestled in the heart of Plant City, FL. It was completed in 2022 which means it still has the Builders Warranty! This like-new residence offers modern design, quality finishes, and a location that perfectly balances small-town charm with city convenience. Step inside to an open, airy layout ideal for both everyday living and entertaining. The kitchen seamlessly connects to the dining area and great room, creating a versatile space perfect for hosting guests or enjoying a quiet night in. You'll appreciate the sleek white cabinetry, granite countertops, and cohesive neutral color palette that gives the home a warm, contemporary feel. Plush carpeting in the bedrooms adds an extra layer of comfort and coziness. Designed with energy efficiency in mind, this home provides lower utility costs and a quieter, more comfortable living environment. Located just 25 minutes from Downtown Tampa and with easy access to I-4, Lakeland, and Orlando, you're never far from shopping, dining, and entertainment. Why wait on new construction? This move-in ready gem is available now. Lantana Grove has no Community Development District (CDD) fees and low Homeowners Association (HOA) costs.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Home River
  • HOA Fee: $105/monthly

Land Information

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

Lot Information

  • Parcel ID: P082922C8J000000000120
  • Lot Size: 7344 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2022

Tax Information

  • Annual Tax: $4,800

Utilities

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

Location

  • County: Hillsborough

Listing Details


Listed by:
Janet Paula
CENTURY 21 CIRCLE
(813) 546-5292

Source:
Stellar MLS
MLS#: TB8395499
Stellar MLS

Investment Summary


Monthly Cash Flow
-$670
Cap Rate
4.0%
Cash-on-Cash Return
-9.5%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.2%

Purchase Details

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Purchase price:
$369,000
Amount financed:
-$295,200
Down payment:
$73,800
Closing costs:
$11,070
Rehab costs:
$0
Initial cash invested:
$84,870
Square feet:
1,957
Cost per square foot:
$189
Monthly rent per square foot:
$1.28

Financing Details

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Loan amount:
$295,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,890
Property tax:
$400
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,465

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$400-$4,801
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (4%)
4%-$105-$1,260
Total operating expenses: (45%)
45%-$1,130-$13,561

Cash Flow


Monthly Yearly
Net operating income:
$1,220 $14,640
Mortgage payments:
-$1,890 -$22,680
Cash flow:
$670 $8,040