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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $173.98
- 3 Days on Market
- MLS # : T3291097
- Updated Date : 02/19/2021 at 20:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,868 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Come see this beautiful and well-maintained 3 bedroom 2 bath pool home in Bloomingdale!! BRAND NEW ROOF! Situated on a corner lot, you are met by the welcoming curb appeal of this property. Upon entry the high ceilings and open floor plan greet you, instantly making you feel at home. The kitchen has been completely redone offering stunning quartz counters, stainless steel appliances, closet pantry and an abundance of cabinertry. There is a steady flow between the kitchen, family room, and outdoor living space, perfect for entertaining! Large windows along the back allow for great pool views from every angle and natural light to spill throughout the home. Unwind after a long day in your private oversized lanai overlooking the sparkling pool! All major systems in this home have been replaced within the last 6 years including the A/C, plumbing, hot water heater, stainless steel appliances, irrigation system, garage door, circuit box, and the list continues! Beautiful wood like tile throughout! The spilt floor plan creates a private master suite encompassed w/master bath, closets & sliding doors leading out to the pool deck. Ensuite master bath includes dual sinks, large soaking tub and separate shower, and dual walk-in closets. The secondary bedrooms are nicely sized with ample closet space. Bloomingdale is a highly sought after community conveniently located to restaurants, entertainment, good schools, and to our amazing Florida beaches & theme parks. Easy commute access to I4, I75, and The Crosstown Expressway. Call today for your private showing and experience the Florida lifestyle!
SEE MORE
- 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
Neighborhood: Bloomingdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bloomingdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$428 | |
| Property Insurance | -$145 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$41
|
||
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.
$325,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
5.58
YEARS SAVED
$20,028
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,817
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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1209 Carrie Wood Dr Valrico, FL 2
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,790
- $0.96
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1327 Monte Lake Dr Valrico, FL 1
- 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1992
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
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4726 Preston Woods Dr Valrico, FL 3
- 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2000
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
4604 Preston Woods Dr Valrico, FL 4
- 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1999
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,825
- $1.03
-
1812 Vista River Dr Valrico, FL 5
- 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1999
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,995
- $0.99
PROPERTY LISTING DETAILS
1.813.684.9500
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291097
Last Updated: 02/19/2021
