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1904 Burridge Ct Valrico, FL 33594

4 Beds 3 Baths 2,761 sqft Built 2004

$379,990

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $137.63
  • 3 Days on Market
  • MLS # : T3276774
  • Updated Date : 11/20/2020 at 15:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,761 sqft
  • Baths : 3 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Welcome to Lumsden Pointe, a highly sought after community in the heart of Valrico. This 4/3 dream home is ready for its new owners. Home offers new interior/exterior paint, and so much more. Home offers a open split floor plan which is perfect for entertaining. Tile is in all living areas and baths. Sliding glass doors open screened lanai. Spacious kitchen overlooks the family room, and the home offers a private study. Opportunities like this do not come often, act now!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Lumsden Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k378k

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

Neighborhood: Lumsden Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052170

* 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
 

$341,991$417,989$379,990

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,402
Property Tax -$501
Property Insurance -$197
HOA -$65
Property Management Fees -$80
CASH FLOW
-$165

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.

$379,990

PROJECTED PRICE

$2,080

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.0%
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-$5.0k$0.0$5.0k$10k$15k

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$106,447

INVESTMENT

$106,447

Down Payment
$94,998
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,998
Loan Amount $284,993
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$16,322

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,085

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0004$2,0805$2,150
$2,150
RENT COMPS ANALYSIS
  • 1904 Burridge Ct Valrico, FL 4
    • 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.75
    •  
  • 2408 Valrico Forest Dr Valrico, FL 1
    • 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1999
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.69
    •  
  • 2725 Saint Cloud Oaks Dr Valrico, FL 2
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1987
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 2321 Valrico Forest Dr Valrico, FL 3
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1999
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 3827 Misty Landing Dr Valrico, FL 5
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
PROPERTY LISTING DETAILS
Sam Amin
1.813.727.0661
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276774
Last Updated: 11/20/2020
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