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$390,000

For Sale - Active
2601 Bridle Dr, Plant City, FL 33566
3 Beds
2 Baths
2,035 Square Feet
0.28 Acres Lot
Built in 1990
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Jul 31, 2025 at 05:46AM

Investment Summary


Monthly Cash Flow
-$706
Cap Rate
4.0%
Cash-on-Cash Return
-9.4%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.2%

Property Description


0.28 Acres Lot
Built in 1990
For Sale - Active
1 Units

Welcome to 2601 Bridle Drive—an inviting, well-maintained home nestled on a spacious oversized lot in the heart of Plant City. This 3-bedroom, 2-bath residence offers a functional split-bedroom floor plan, perfect for both everyday living and entertaining. The heart of the home is a generously sized living area that flows seamlessly into a dining space and open kitchen, complete with a new backsplash, corian countertops, and stainless-steel appliance and ample cabinetry and countertop space. Additional living space off the kitchen offers a wood burning fireplace for warmth and comfort. Enjoy entertaining or relaxing in your new space, with vaulted ceilings, natural light, and beautiful wood-look tile throughout. One of the standout features is the fully enclosed Florida room under A/C, providing valuable additional living space year-round. Whether you're hosting guests, setting up a home office, or creating a relaxing sun-filled retreat, this versatile area offers endless possibilities. Additional highlights include a 2-car garage, interior laundry room, and a fully fenced backyard. Major updates include: 2024 re-pipe, 2022 AC, 2023 Roof. Located just minutes from I-4, shopping, and dining, this home offers both comfort and convenience in a peaceful, established yet private neighborhood.

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Location


Property Details


Parking

  • Description: Driveway, Garage Door Opener
  • Details: Driveway, Garage Door Opener, 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: 8
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: The Paddocks - PMI Property Management
  • HOA Fee: $150/annually
  • Additional Association: Walden Lake - Greenacres
  • Additional HOA Fee: $386/semi-annually

Land Information

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

Lot Information

  • Parcel ID: P0629225AK000004000830
  • Lot Size: 12197 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1990

Tax Information

  • Annual Tax: $5,105

Utilities

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

Location

  • County: Hillsborough

Listing Details


Listed by:
Kristy Kesterson
KELLER WILLIAMS ADVANTAGE REALTY
(407) 535-8789

Source:
Stellar MLS
MLS#: O6318370
Stellar MLS

Investment Summary


Monthly Cash Flow
-$706
Cap Rate
4.0%
Cash-on-Cash Return
-9.4%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.2%

Purchase Details

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Purchase price:
$390,000
Amount financed:
-$312,000
Down payment:
$78,000
Closing costs:
$11,700
Rehab costs:
$0
Initial cash invested:
$89,700
Square feet:
2,035
Cost per square foot:
$192
Monthly rent per square foot:
$1.28

Financing Details

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Loan amount:
$312,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,998
Property tax:
$425
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,605

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$425-$5,105
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (3%)
3%-$77-$924
Total operating expenses: (44%)
44%-$1,152-$13,829

Cash Flow


Monthly Yearly
Net operating income:
$1,292 $15,504
Mortgage payments:
-$1,998 -$23,976
Cash flow:
$706 $8,472