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1307 Monte Lake Dr Valrico, FL 33596

4 Beds 2 Baths 2,208 sqft Built 1986

$319,999

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $144.93
  • 3 Days on Market
  • MLS # : T3281137
  • Updated Date : 01/01/2021 at 21:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,208 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

Fall in love with this move-in ready home in the highly desirable Bloomingdale neighborhood. This large home features 2208 square feet, 4 bedrooms, 2 bathrooms, and a 2 car garage. When you walk into the spacious living room you will immediately feel like you're at home. The home features large entertainment spaces and vaulted ceilings that make the spaces look even bigger. The open kitchen has beautiful granite counter tops, plenty of storage, and a range hood to collect unwanted smoke and grease. Tons of natural light pours in from the sliding glass doors, windows, and skylight above the foyer. The screened-in lanai and fenced-in yard can be accessed from the sliding doors in the living room, master bedroom, and family room. Enjoy tranquil relaxation in your enormous master bedroom and bathroom suite. Bloomingdale features no CDD fees and an optional HOA fee. Bloomingdale is a golf course community with great schools and wonderful neighbors. It's close to shopping, restaurants, hospitals, parks, the YMCA, gyms, little league fields, and a quick ride to downtown.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bloomingdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Bloomingdale

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
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
 

$287,999$351,999$319,999

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,181
Property Tax -$422
Property Insurance -$165
HOA -$3
Property Management Fees -$129
CASH FLOW
$71

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.

$319,999

PROJECTED PRICE

$1,970

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $239,999
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$36,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,114

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,970
1$1,9702$1,9953$2,0994$2,1005$2,125
$2,125
RENT COMPS ANALYSIS
  • 1307 Monte Lake Dr Valrico, FL 1
    • 4 beds 2 baths ∙ 2,208 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,208 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.89
    •  
  • 1812 Vista River Dr Valrico, FL 2
    • 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1999
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 4308 Arley Pl Valrico, FL 3
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1992
    property image
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.95
    •  
  • 4613 River Overlook Dr Valrico, FL 4
    • 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 1999
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 4313 Ellenville Pl Valrico, FL 5
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1986
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.97
    •  
PROPERTY LISTING DETAILS
Lisa Herres
1.727.644.5188
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281137
Last Updated: 01/01/2021
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