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1030 Hardwood Dr Valrico, FL 33596

3 Beds 2 Baths 1,244 sqft Built 1988

$224,999

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $180.87
  • 4 Days on Market
  • MLS # : T3273788
  • Updated Date : 11/01/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,244 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

Are you someone who wants a REMODELED home with a LOW HOA in a PRIMIE LOCATION?!? THEN THIS IS IT!!!! This ADORABLE 3 bedroom/2 bathroom home is in the heart of Valrico and has SO MUCH TO OFFER! This home features a NEW REMODELED KITCHEN (NEW cabinets, NEW GRANITE countertops), NEW INTERIOR PAINT throughout, NEW LANDSCAPING, NEW WOOD VINYL FLOORS, BRAND NEW REMODELED master bathroom, NEW CABINET in guest bathroom, MASSIVE SCREENED IN PATIO that overlooks your SPACIOUS FENCED IN YARD with no backyard neighbors, oak trees throughout, HIGH CEILINGS in the main living spaces with A LOT of natural light and SO MUCH MORE!!!! THIS ADORABLE HOME HAS SO MUCH TO OFFER!!! COME VIEW IT BEFORE IT'S GONE!!!!!

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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
 

$202,499$247,499$224,999

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$830
Property Tax -$297
Property Insurance -$108
HOA -$5
Property Management Fees -$80
CASH FLOW
$10

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.

$224,999

PROJECTED PRICE

$1,330

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,749
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$20,787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,368

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3503$1,4994$1,5005$1,525
$1,525
RENT COMPS ANALYSIS
  • 1030 Hardwood Dr Valrico, FL 1
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.07
    •  
  • 4621 Cabbage Palm Dr Valrico, FL 2
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1988
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.09
    •  
  • 4501 Cabbage Palm Dr Valrico, FL 3
    • 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1989
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.12
    •  
  • 1337 Peachfield Dr Valrico, FL 4
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1984
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 1204 Sawdust Ct Valrico, FL 5
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1993
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.07
    •  
PROPERTY LISTING DETAILS
Harold Welch Iv
1.813.417.9918
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273788
Last Updated: 11/01/2020
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