Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1106 Lumsden Trace Cir Valrico, FL 33594

3 Beds 2 Baths 1,857 sqft Built 1999

$299,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $161.01
  • 3 Days on Market
  • MLS # : T3295432
  • Updated Date : 03/13/2021 at 17:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,857 sqft
  • Baths : 2 full
Listing Agent

Better Homes And Gardens Real Estate Ellie & Assoc

Listing Agent's Description

Welcome to this cozy 3 bedroom 2 bathroom and den, home nestled in Valrico. As you enter the front door, you are greeted with a beautiful view of the large green backyard. As you walk to the right you enter the master suite that has his and hers closets a large garden tub, spacious walk-in shower. The master bedroom also has private access to the artfully paved, large, screened in lanai. On the opposite side of the home you will find the other 2 bedrooms with walk-in closets and the full guest bathroom that also has access to the lanai in the backyard. The kitchen has original light wood cabinetry, creamy counter tops and has been upgraded with a double door fridge, pull out freezer, stainless steel refrigerator. The Den is located at the front of the home and has a large functional wall unit that can be used for books, movies, sports memorabilia, decor and more! The abundant backyard is a great space to host outdoor events and parties with the lush green grass and the spacious 561 sqft. screened in lanai. Welcome home to the quiet Lumsden Trace community! ACCEPTING OFFERs UNTIL WEDNESDAY 3/17!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lumsden Trace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $91k404k

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

Neighborhood: Lumsden Trace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052102

* 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
Buckhorn Elementary School Primary Regular 640 52 7
Mulrennan Middle School Middle Regular 1,133 71 6
Durant High School High Regular 2,303 117 5

Buckhorn Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 52
7
GreatSchools Rating

Mulrennan Middle School

  • Education Level: Middle
  • # of students: 1,133
  • # of teachers: 71
6
GreatSchools Rating

Durant High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 117
5
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,039
Property Tax -$394
Property Insurance -$144
HOA -$38
Property Management Fees -$129
CASH FLOW
-$123

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.

$299,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.0%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,378

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,625

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5993$1,6204$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1106 Lumsden Trace Cir Valrico, FL 3
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.87
    •  
  • 1210 Dragon Head Dr Valrico, FL 1
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2002
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.80
    •  
  • 4620 Newbourne Way Valrico, FL 2
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2001
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.86
    •  
  • 4401 Brandon Ridge Dr Valrico, FL 4
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2000
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 4602 Ramshead Dr Valrico, FL 5
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2004
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Gabrielle Palazzo
1.813.952.7552
Better Homes And Gardens Real Estate Ellie & Assoc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295432
Last Updated: 03/13/2021
BESbswy