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1226 Vardon Ct Trinity, FL 34655

4 Beds 3 Baths 2,556 sqft Built 1997

$439,900

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $172.10
  • 4 Days on Market
  • MLS # : U8103833
  • Updated Date : 11/07/2020 at 23:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,556 sqft
  • Baths : 3 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

Beautiful 4 bedroom, 3 bath, 3 car garage pool home in highly sought-after Villages of Fox Hollow in the gated community of Inverarry, located on the 4th hole of Fox Hollow Golf Course. Open concept living and dining overlooking the sparkling blue pool and entertaining sized lanai. Kitchen features abundant bright white cabinetry, 42” uppers with crown molding, elegant marble-look corian counters, an island with extra storage, gleaming stainless-steel appliances with natural gas range, eat-in breakfast nook, breakfast bar and closet pantry. Welcoming family room with gas fireplace and views of the pool & lanai. The owner’s retreat features vaulted ceilings, dual walk-in closets, pool views and pool access. Large en-suite bath offers a walk-in shower, dual vanities/sinks, granite counters, linen closet, water closet and Jacuzzi tub. Rich hardwood and elegant tile floors throughout the home – no carpet. Desirable 3-way split offers privacy to the master suite, 2 ample bedrooms with 2nd bathroom on one side and a pocket door creates privacy for the 4th bedroom and 3rd bathroom, which provides pool access. Spacious laundry room with cabinetry, sink and closet. Ideal outdoor pool fun with new outdoor gas grill & kitchen. Attached 3 car garage. Lovingly maintained. New HVAC 2015, pool pump 2018, water purifier 2017, added gas for range, outdoor grill, tankless water heater in 2014, dishwasher 2018. Located in the heart of Trinity near shopping, great schools, medical facilities & much more! Room sizes approx.

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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

Neighborhood: The Villages at Fox Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k474k

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

Neighborhood: The Villages at Fox Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $9052387

* 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
Trinity Elementary School Primary Regular 580 38 9
Seven Springs Middle School Middle Regular 1,442 88 9
James W. Mitchell High School High Regular 1,892 117 7

Trinity Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 38
9
GreatSchools Rating

Seven Springs Middle School

  • Education Level: Middle
  • # of students: 1,442
  • # of teachers: 88
9
GreatSchools Rating

James W. Mitchell High School

  • Education Level: High
  • # of students: 1,892
  • # of teachers: 117
7
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,623
Property Tax -$488
Property Insurance -$185
HOA -$70
Property Management Fees -$80
CASH FLOW
-$76

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.

$439,900

PROJECTED PRICE

$2,370

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$30,567

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,096

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9953$2,1954$2,2955$2,370
$2,370
RENT COMPS ANALYSIS
  • 1226 Vardon Ct Trinity, FL 5
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.93
    •  
  • 1033 Arlinbrook Dr Trinity, FL 1
    • 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 1994
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 1807 Sweetspire Dr Trinity, FL 2
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 10736 Firebrick Ct Trinity, FL 3
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2002
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
  • 1519 Swamp Rose Ln Trinity, FL 4
    • 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 2004
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.79
    •  
PROPERTY LISTING DETAILS
Rachel Friesema
1.727.481.4757
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103833
Last Updated: 11/07/2020
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