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$389,900

For Sale - Active
4206 Kipling Ave, Plant City, FL 33566
4 Beds
2 Baths
2,216 Square Feet
0.23 Acres Lot
Built in 1988
For Sale - Active
1 Units
Checked: 18 hours ago
Updated: Sep 04, 2025 at 10:15AM

Investment Summary


Monthly Cash Flow
-$293
Cap Rate
5.2%
Cash-on-Cash Return
-3.9%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.2%

Property Description


0.23 Acres Lot
Built in 1988
For Sale - Active
1 Units

Wonderful in Walden Lake! This ORIGINAL OWNER HOME is just waiting for you to make it your own, as #2 becomes the new #1! 4 BEDROOMS and 2 BATHS in this 2,216 square foot SPLIT FLOOR PLAN in the highly sought-after WALDEN LAKE COMMUNITY, Plant City's finest! Nestled under welcoming, SHADY OAKS on a 1/4 acre lot, you'll feel right at home as soon as you arrive. And you'll definitely see yourself enjoying the HUGE POOL and COVERED & SCREENED LANAI in the privacy of your SPACIOUS, FENCED BACKYARD. Enter the beautiful wood & leaded glass front doors to a large living room / dining room with VAULTED CEILINGS and SKYLIGHTS with a QUADRUPLE SLIDER to the pool / lanai, a stunning view to impress your guests and allowing TONS OF NATURAL LIGHT. The primary suite is on the right side of the home and features Frech doors to the pool, WALK-IN CLOSET, and en suite bathroom with DUAL VANITY, garden tub, and step-in shower. Pocket doors lead to the adjacent 4th bedroom which can be used a HOME OFFICE or a nursery. 2 generously sized secondary bedrooms are situated on the left side of the home and offer a guest bathroom with DUAL VANITY and shower / tub combo. The kitchen is in the rear of the home and has 3 windows to the covered pool area making entertaining a breeze! And the kitchen opens to the inviting family room with vaulted ceilings, WOOD-BURNING FIREPLACE, built-in shelves, breakfast nook, and sliders to the pool. The conveniently placed LAUNDRY ROOM features new WASHER & DRYER, a utility sink, storage closet, and handy folding table! BRAND NEW ROOF gives you peace of mind, and the diligent owner has maintained the 2012 A/C system. Popular Downtown Plant City is just a 10 minute drive - you'll love all the new restaurants, shops, and breweries, not to mention the FAMOUS STRAWBERRY FESTIVAL every year! This home has been lovingly cared for by this 1 owner for over 30 years, and now it's your turn to take this blank canvas to the next level. Can't wait to see what you do with it!

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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: 10
  • # 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
  • HOA Fee: $150/annually
  • Additional Association: Walden Lake Community Association
  • Additional HOA Fee: $385/semi-annually

Land Information

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

Lot Information

  • Parcel ID: P12292157C000003000620
  • Lot Size: 9996 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1988

Tax Information

  • Annual Tax: $1,814

Utilities

  • Water & Sewer: None
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Hillsborough

Listing Details


Listed by:
Lauren Wilson
CENTURY 21 INTEGRA
(813) 546-7696

Source:
Stellar MLS
MLS#: TB8414577
Stellar MLS

Investment Summary


Monthly Cash Flow
-$293
Cap Rate
5.2%
Cash-on-Cash Return
-3.9%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.2%

Purchase Details

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Purchase price:
$389,900
Amount financed:
-$311,920
Down payment:
$77,980
Closing costs:
$11,697
Rehab costs:
$0
Initial cash invested:
$89,677
Square feet:
2,216
Cost per square foot:
$176
Monthly rent per square foot:
$1.26

Financing Details

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Loan amount:
$311,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,997
Property tax:
$151
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,344

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: (5%)
5%-$151-$1,814
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: (3%)
3%-$77-$924
Total operating expenses: (33%)
33%-$928-$11,138

Cash Flow


Monthly Yearly
Net operating income:
$1,704 $20,448
Mortgage payments:
-$1,997 -$23,964
Cash flow:
$293 $3,516