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$409,900

Sold
3405 Silver Glen Ct, Plant City, FL 33566
4 Beds
2 Baths
1,851 Square Feet
0.49 Acres Lot
Built in 1992
Sold
1 Units
Checked: 14 hours ago
Updated: Jul 27, 2025 at 06:21AM

Investment Summary


Monthly Cash Flow
-$487
Cap Rate
4.7%
Cash-on-Cash Return
-6.2%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-2.0%

Property Description


0.49 Acres Lot
Built in 1992
Sold
1 Units

If you are looking for a home that all you have to do is bring your stuff you have definitely found it with this one! The seller has done a phenomenal job with this complete remodel! From the beautiful white shaker cabinets to the stainless steel appliances the free standing soaking tub for relaxing after a long day or just because! This beautiful 4 bedroom 2 bath pool home sits on a large lot situated in the back of a cul de sac. This home is perfect for entertaining with a huge lanai and an even bigger pool! The pool is fun with dancing dolphins on the bottom. The bedrooms are 3/1 split with the hall bath leading out into the lanai making those pool days even better! The wood burning fireplace is a wonderful focal point in the family room and also great for those few Florida chilly nights. Walden Lake offers lots of walking trails, playground, sports complex and dog park (small fee required for dog park). This home is an absolute must see as the photos don't show the true beauty and care put into this home! Seller says bring us those offers and he will help you with closing 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): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # 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: GreenAcres
  • HOA Fee: $386/semi-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: P12292157J000001000030
  • Lot Size: 21330 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1992

Tax Information

  • Annual Tax: $2,280

Utilities

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

Location

  • County: Hillsborough

Listing Details


Listed by:
Jackie Wyckoff
BULLS REALTY LLC
(813) 477-5562

Source:
Stellar MLS
MLS#: TB8394778
Stellar MLS

Investment Summary


Monthly Cash Flow
-$487
Cap Rate
4.7%
Cash-on-Cash Return
-6.2%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-2.0%

Purchase Details

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Purchase price:
$409,900
Amount financed:
-$327,920
Down payment:
$81,980
Closing costs:
$12,297
Rehab costs:
$0
Initial cash invested:
$94,277
Square feet:
1,851
Cost per square foot:
$221
Monthly rent per square foot:
$1.51

Financing Details

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Loan amount:
$327,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,100
Property tax:
$190
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,486

Operating Income

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% 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: (7%)
7%-$190-$2,281
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: (5%)
5%-$129-$1,548
Total operating expenses: (36%)
36%-$1,019-$12,229

Cash Flow


Monthly Yearly
Net operating income:
$1,613 $19,356
Mortgage payments:
-$2,100 -$25,200
Cash flow:
$487 $5,844