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2007 River Crossing Dr Valrico, FL 33596

4 Beds 3 Baths 2,010 sqft Built 2003

$339,750

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $169.03
  • 2 Days on Market
  • MLS # : O5916780
  • Updated Date : 01/16/2021 at 19:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,010 sqft
  • Baths : 2 full , 1 half
Listing Agent

Glasstone Ventures Llc

Listing Agent's Description

One or more photo(s) has been virtually staged. Nestled in desirable Bloomingdale East. Beautiful 4 bedroom, POOL and spa home with CONSERVATION view featuring countless upgrades and improvements. As you enter the home opens into the bright, spacious living room with vaulted ceilings. A glance towards your double French doors reveals the pristine pool area and lush conservation flora. The patio faces South, providing gorgeous lighting and warmth the entire day. Meticulously cared for! ROOF replaced in 2019 - features a 30 year guarantee, new gutters, and solar attic fans. AC REPLACED, NEW POOL SCREEN, and FRESH EXTERIOR PAINT in 2019 as well! Kitchen features granite countertops, custom cabinetry, built-in shelving within the pantry, and stainless steel appliances. Oven, microwave, and dishwasher are all between 2-3 years old. 3 car garage features a built in workshop. Master bedroom features laminate flooring and attached office or meditation room. Master bathroom with double vanities, shower, jacuzzi tub, walk-in closets, and additional closets! Perfect for families with active lifestyles; join your neighbors walking and jogging along the beautiful Nature’s Way loop. Spectacular location: 5 minutes to Bloomingdale East neighborhood park, 6 minutes to YMCA, 7 minutes to Publix, Lithia Springs park in under 15 minutes. Complete list of upgrades/improvements in MLS attachments.

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: 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
 

$305,775$373,725$339,750

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,180
Property Tax -$463
Property Insurance -$153
HOA -$5
Property Management Fees -$129
CASH FLOW
$100

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.

$339,750

PROJECTED PRICE

$2,030

PROJECTED RENT

0.60%

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$1.2M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,784

INVESTMENT

$95,784

Down Payment
$84,938
Rehab Estimate
$5,750
Closing Costs
$5,096

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,938
Loan Amount $254,813
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$34,389

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,814

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,9353$2,0304$2,0455$2,099
$2,099
RENT COMPS ANALYSIS
  • 2007 River Crossing Dr Valrico, FL 3
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.01
    •  
  • 1929 River Crossing Dr Valrico, FL 1
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.84
    •  
  • 2614 Brookville Dr Valrico, FL 2
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2002
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.88
    •  
  • 4625 Daventry Pl Valrico, FL 4
    • 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1998
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.94
    •  
  • 4308 Arley Pl Valrico, FL 5
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1992
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lyra Martin
1.941.323.5416
Glasstone Ventures Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5916780
Last Updated: 01/16/2021
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