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$315,000

For Sale - Active
602 E Laura St, Plant City, FL 33563
3 Beds
2 Baths
1,732 Square Feet
0.12 Acres Lot
Built in 1947
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Jun 22, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
-$211
Cap Rate
5.3%
Cash-on-Cash Return
-3.5%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.6%

Property Description


0.12 Acres Lot
Built in 1947
For Sale - Active
1 Units

This home may be eligible for down payment assistance up to $30k for qualified buyers. Program eligibility and availability may vary. Contact me for details. Step into this beautifully updated, move-in ready 3 bedroom 2 bath home that features 2 bonus rooms, ideally situated on a corner lot! Enjoy peace of mind with a **newer AC (2021)**, **newer roof (2021)**, and a **brand new water heater (2024)**. Fresh, modern interior paint brightens up the spacious layout, making it easy to imagine your personal touch in every room. With **no HOA**, you’ll have the freedom to make this home truly your own. The open floor plan offers plenty of space for relaxing, entertaining, or working from home. Conveniently located near shopping, dining, and major highways—this is the perfect opportunity to start your homeownership journey! One of the photos has been virtually staged for illustrative purposes only.

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • 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

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: P2828225BV000002000030
  • Lot Size: 5200 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1947

Tax Information

  • Annual Tax: $3,859

Utilities

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

Location

  • County: Hillsborough

Listing Details


Listed by:
Marquita Smith
COLDWELL BANKER REALTY
(863) 289-3343

Source:
Stellar MLS
MLS#: P4935073
Stellar MLS

Investment Summary


Monthly Cash Flow
-$211
Cap Rate
5.3%
Cash-on-Cash Return
-3.5%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.6%

Purchase Details

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Purchase price:
$315,000
Amount financed:
-$252,000
Down payment:
$63,000
Closing costs:
$9,450
Rehab costs:
$0
Initial cash invested:
$72,450
Square feet:
1,732
Cost per square foot:
$182
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$252,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,614
Property tax:
$322
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,111

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: (13%)
13%-$322-$3,860
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: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$947-$11,360

Cash Flow


Monthly Yearly
Net operating income:
$1,403 $16,836
Mortgage payments:
-$1,614 -$19,368
Cash flow:
$211 $2,532