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1815 Powder Ridge Dr Valrico, FL 33594

4 Beds 2 Baths 2,068 sqft Built 1994

$350,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $169.25
  • 3 Days on Market
  • MLS # : T3294026
  • Updated Date : 03/06/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,068 sqft
  • Baths : 2 full
Listing Agent

Century 21 Link Realty, Inc.

Listing Agent's Description

Paradise found!!! Amazing 4 bedroom, 2 bath home on .37 acre pie shaped lot on a cul-de-sac! This home has both formal and informal areas with souring ceilings and columns adding to the architectural detail! Plenty of cabinets and counter space in the kitchen with closet pantry plus breakfast bar, great for buffet entertaining. Kitchen is open to the family room and dinette. Master bedroom boasts large walk-in closet plus garden tub, separate shower, double sinks and water closet. This 3 way split bedroom plan has inside laundry too! Relax by your private pool on the 36 foot lanai and gaze at the gorgeous backyard with a park-like setting! Behold the beauty of nature in all its glory along the trails dotted with all kinds of plants plus fruit and citrus trees! This stunning yard is a sure cure for the daily stress! No CDD fees and low HOA fees that include a community pool plus a small child water park, Bar-B-Q area with tables, tennis courts, basketball court, soccer field, dog park, two playgrounds, bocce ball, horseshoe pit and an on site day care center. Schools are Brooker Elementary, Burns Middle and Bloomingdale High. The community is just south of Rt. 60 within a mile of shopping and restaurants plus just a few miles to the Brandon Westfield Town Center with loads of shopping and restaurants! Hurry, this home will not last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Brentwood Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k335k

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

Neighborhood: Brentwood Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781840

* 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
Brooker Elementary School Primary Regular 920 72 4
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Brooker Elementary School

  • Education Level: Primary
  • # of students: 920
  • # of teachers: 72
4
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,216
Property Tax -$461
Property Insurance -$157
HOA -$55
Property Management Fees -$129
CASH FLOW
-$128

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.

$350,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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-$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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,768

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,7954$1,8905$1,925
$1,925
RENT COMPS ANALYSIS
  • 1815 Powder Ridge Dr Valrico, FL 4
    • 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.91
    •  
  • 1813 Greystone Heights Dr Valrico, FL 1
    • 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2001
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.82
    •  
  • 807 Sandcastle Cir Brandon, FL 2
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1998
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 1808 Erin Brooke Dr Valrico, FL 3
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 1997
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 1016 Sweet Breeze Dr Valrico, FL 5
    • 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 2003
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.86
    •  
PROPERTY LISTING DETAILS
Joanne Rush
1.813.294.6436
Century 21 Link Realty, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294026
Last Updated: 03/06/2021
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