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$465,000

For Sale - Active
3816 N Maryland Ave, Plant City, FL 33565
3 Beds
3 Baths
2,228 Square Feet
0.19 Acres Lot
Built in 2023
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Jun 19, 2025 at 03:37AM

Investment Summary


Monthly Cash Flow
-$821
Cap Rate
4.0%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.9%

Property Description


0.19 Acres Lot
Built in 2023
For Sale - Active
1 Units

Welcome to this better than new, beautifully upgraded 3-bedroom, 3-bathroom home in the desirable community of North Park Isle in Plant City. Built with modern living in mind, this home is ideally located just minutes from I-4, offering convenient access to Tampa, Lakeland, and Orlando. Enjoy resort-style living with access to a clubhouse, pool, playground, kayak launch, and more. Inside, you’ll find all the high-end finishes you’ve been looking for. The gourmet kitchen features a spacious center island, white cabinetry, 3cm quartz countertops, Whirlpool stainless steel appliances, a 3"x6" white herringbone backsplash, and a large single-bowl sink—perfect for entertaining or everyday living. The open-concept gathering room is extended for additional space. The luxurious owner’s suite offers dual sinks, a super walk-in shower, quartz countertops, and comfort-height commodes. Additional highlights include luxury vinyl plank flooring throughout the main living areas and flex room, 21"x21" tile in the baths and laundry, and plush, stain-resistant carpet in the bedrooms. A versatile flex room, a convenient laundry space, added storage in the HVAC closet, and a 3-car garage complete the thoughtful layout. Step out to your large, covered lanai with peaceful pond views—your private retreat. With upgraded door hardware, Smart Home technology, and immaculate, move-in ready condition, this better than new home delivers style, comfort, and functionality in one perfect package. Don’t miss your opportunity—schedule your private showing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Prime Community Management
  • HOA Fee: $109/annually

Land Information

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

Lot Information

  • Parcel ID: P092822C5B000000000290
  • Lot Size: 8343 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2023

Tax Information

  • Annual Tax: $7,659

Utilities

  • Water & Sewer: Public
  • Heating: Central, Heat Pump
  • Cooling: Central Air

Location

  • County: Hillsborough

Listing Details


Listed by:
Brooke Boyette
KELLER WILLIAMS TAMPA PROP.
(727) 871-1454

Source:
Stellar MLS
MLS#: TB8393545
Stellar MLS

Investment Summary


Monthly Cash Flow
-$821
Cap Rate
4.0%
Cash-on-Cash Return
-9.2%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.9%

Purchase Details

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Purchase price:
$465,000
Amount financed:
-$372,000
Down payment:
$93,000
Closing costs:
$13,950
Rehab costs:
$0
Initial cash invested:
$106,950
Square feet:
2,228
Cost per square foot:
$209
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$372,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,382
Property tax:
$638
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,244

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$638-$7,660
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (0%)
0%-$9-$108
Total operating expenses: (45%)
45%-$1,447-$17,368

Cash Flow


Monthly Yearly
Net operating income:
$1,561 $18,732
Mortgage payments:
-$2,382 -$28,584
Cash flow:
$821 $9,852