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1307 Dragon Head Dr Valrico, FL 33594

3 Beds 2 Baths 1,874 sqft Built 2002

$234,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $125.35
  • 3 Days on Market
  • MLS # : T3279251
  • Updated Date : 12/05/2020 at 21:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,874 sqft
  • Baths : 2 full
Listing Agent

Ht Realty Services, Llc

Listing Agent's Description

MUST SEE THIS WELL MAINTAINED, SPACIOUS HOME*****NEW ROOF(2019) **A/C REPLACED (2016) *WINDOWS ARE (7 YEARS OLD). LAMINATE FLOORS THROUGHOUT****THE OFFICE OFFERS BEAUTIFUL BUILT-IN'S THAT INCLUDE, SHELVING, LARGE DESK AND A SPACIOUS WORK AREA**** THE DINING ROOM IS VERY BRIGHT AND AIRY**** THE KITCHEN OFFERS A BREAKFAST BAR AND EAT-IN NOOK AREA*****THE SPACIOUS FAMILY/LIVING ROOM IS A GREAT FOR FAMILY ENTERTAINMENT ****THE MASTER BEDROOM PROVIDES LOTS OF NATURAL LIGHT AND A HUGE WALK-IN CLOSET***MASTER BATHROOM IS SPACIOUS WITH AN EXTENDED VANITY COUNTER TOP, SEPARATE SHOWER AND LARGE SOAKING TUB****THE HOME PROVIDES LOTS OF NATURAL LIGHT, THROUGHOUT**** ENJOY QUITE EVENINGS ON THE COVERED SCREENED LANAI, OVERLOOKING A LUSH GARDEN****THE COMMUNITY IS LOCATED WITHIN 10-2O OF SHOPPING CENTERS, RESTAURANTS, MEDICAL CENTERS AND MAJOR HWY'S.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: East County Civic Group

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: East County Civic Group

NeighborhoodNIR 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
Nelson Elementary School Primary Regular 838 60 5
Mulrennan Middle School Middle Regular 1,133 71 6
Durant High School High Regular 2,303 117 5

Nelson Elementary School

  • Education Level: Primary
  • # of students: 838
  • # of teachers: 60
5
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
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$867
Property Tax -$310
Property Insurance -$145
HOA -$29
Property Management Fees -$129
CASH FLOW
$211

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.

$234,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.6%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$43,809

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,752

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,6953$1,7504$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 1307 Dragon Head Dr Valrico, FL 1
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.90
    •  
  • 4306 Brooke Dr Valrico, FL 2
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1999
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 4401 Brandon Ridge Dr Valrico, FL 3
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2000
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 1202 Pongo Ln Valrico, FL 4
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2003
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 4602 Ramshead Dr Valrico, FL 5
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2004
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tanya Hart
1.813.766.5180
Ht Realty Services, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279251
Last Updated: 12/05/2020
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