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1523 Windy Gap Pl Valrico, FL 33594

4 Beds 2 Baths 2,484 sqft Built 2016

$365,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $146.94
  • 3 Days on Market
  • MLS # : T3283822
  • Updated Date : 01/08/2021 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,484 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

ABSOLUTELY immaculate and MOVE-IN READY! Very nice open concept split floorplan in this practically new 4 bedroom, 2 bath, 3 car garage home with fenced in yard and extended back BRICK PAVERED patio where you can sit and sip your morning coffee. The home sits on a grand corner lot with over 1/4 to enjoy in a centrally located community of Brooker Ridge. When you enter the home through the wide, tiled foyer, passing the formal living and dining room on the left towards the kitchen open to the family room and eating area makes it easy to entertain and have everyone gather in the same area. Through the sliding glass doors, out to the EXTENDED COVERED PATIO and large fenced yard, perfect for swing sets or pets to roam! The oversized MASTER BEDROOM offers WALK-IN CLOSET and a beautiful master bath with DUAL VANITIES and WALK-IN SHOWER. The remaining bedrooms are a good size for guest room and the 2nd bathroom has dual vanities as well. Granite in both kitchen and bathrooms! This community is nicely located in Valrico, close to A-rated schools, convenient to stores and the highways. Schedule your appointment today!

SEE MORE

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: 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,268
Property Tax -$525
Property Insurance -$181
HOA -$75
Property Management Fees -$129
CASH FLOW
-$158

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.

$365,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.55%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,031

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$2,0203$2,1504$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1523 Windy Gap Pl Valrico, FL 2
    • 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.81
    •  
  • 1708 Honey Ridge Pl Valrico, FL 1
    • 4 beds 2 baths ∙ 2,510 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,510 Sqft ∙ Built 1999
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.75
    •  
  • 3827 Misty Landing Dr Valrico, FL 3
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
  • 1003 Lumsden Trace Cir Valrico, FL 4
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2001
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 2717 Villa Dr Valrico, FL 5
    • 4 beds 2 baths ∙ 2,631 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,631 Sqft ∙ Built 2002
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
PROPERTY LISTING DETAILS
Christine Ans
1.813.368.2699
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283822
Last Updated: 01/08/2021
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