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1027 Hardwood Dr Valrico, FL 33596

3 Beds 2 Baths 1,194 sqft Built 1990

$259,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $217.67
  • 3 Days on Market
  • MLS # : P4914298
  • Updated Date : 02/19/2021 at 10:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,194 sqft
  • Baths : 2 full
Listing Agent

Webpro Realty, Llc

Listing Agent's Description

Looking for a POOL home in Valrico, Florida?? Well here it is. This well built 3 bedroom 2 bath, 2 car garage home is almost like brand New. It has New Impact windows, New AC, Newer Roof. The kitchen is equipped with earth tone granite countertops, stainless appliances and a pantry. The living room has a cozy fireplace for those chilly nights and also 2 new sliding doors overlooking the lanai. The interior of the home and pool deck was just freshly painted. The beautifully chosen marble and ceramic flooring throughout the house makes it just perfect. The back yard is fenced for your privacy and your furry little pets to run and enjoy the Florida Sunshine while you relax in your sparkling blue pool. You are centrally located between Lakeland and Tampa, the Selmon Expressway is not far away for your daily commutes. Brandon Regional Hospital, Brandon Mall, Dining and parks are nearby as well. Please call to make your appointment to view this lovely home.

SEE MORE

MARKET HIGHLIGHTS

  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)

PRICE & RENT TRENDS

Zip Code: 33596

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k369k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 33596

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cimino Elementary School Primary Regular 839 66 7
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Cimino Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 66
7
GreatSchools Rating

Burns Middle School

  • Education Level: Middle
  • # of students: 1,255
  • # of teachers: 75
7
GreatSchools Rating

Bloomingdale High School

  • Education Level: High
  • # of students: 2,191
  • # of teachers: 118
6
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$903
Property Tax -$343
Property Insurance -$106
HOA -$12
Property Management Fees -$129
CASH FLOW
$19

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$259,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$20,988

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,510

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,290

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5103$1,5454$1,5995$1,645
$1,645
RENT COMPS ANALYSIS
  • 1027 Hardwood Dr Valrico, FL 2
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.26
    •  
  • 4621 Cabbage Palm Dr Valrico, FL 1
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1988
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.09
    •  
  • 4217 Spring Way Cir Valrico, FL 3
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1985
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.06
    •  
  • 4513 Cabbage Palm Dr Valrico, FL 4
    • 3 beds 3 baths ∙ 1,488 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,488 Sqft ∙ Built 1989
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.07
    •  
  • 4605 Rockingchair Dr Valrico, FL 5
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1994
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.10
    •  
PROPERTY LISTING DETAILS
Annie Wood
1.321.229.1913
Webpro Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: P4914298
Last Updated: 02/19/2021
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