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2120 Valrico Heights Blvd Valrico, FL 33594

4 Beds 3 Baths 2,818 sqft Built 2004

$359,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $127.71
  • 2 Days on Market
  • MLS # : T3283805
  • Updated Date : 01/09/2021 at 12:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,818 sqft
  • Baths : 2 full , 1 half
Listing Agent

Florida Executive Realty

Listing Agent's Description

This beautiful home has EVERYTHING you’re looking for – 4 bedrooms, den/office, loft/bonus room, enclosed sunroom, 3 car garage, lots of upgrades and a big corner lot. Enter through the leaded glass double doors into the 2-story foyer which opens to the formal dining room. Just beyond is the spacious family room with access to the sunroom and French doors to the patio. The family room is open to the gourmet kitchen which was completely remodeled to include upgraded black stainless steel appliances, double oven built-in microwave, walk-in pantry with custom shelving and lazy Susan, oak cabinetry with frosted glass doors and interior lighting, above and below cabinet lighting, tile backsplash, recessed lighting, granite counters and a granite island with additional sink, two wine racks and under counter lighting. The owner’s suite is huge and has a private bath with garden tub, separate shower and water closet and 2 walk-in closets. There are three large secondary bedrooms, a loft/bonus room upstairs, and a den/office downstairs with French doors to the sunroom. The sunroom is glass enclosed with a tiled floor, French doors to the patio and is heated & cooled (not included in the 2,815 sq. ft). Other features include granite counter and upgraded washer/dryer in the laundry room, plantation shutters throughout, water softener and several storage closets. Part of the 3-car garage has been converted to a game room with tiled floors, wall mounted TV, storage closets and garage door screening, but it can easily be converted back by removing the closets. The fenced back yard features a 30x10 tiled patio, storage shed and covered boat storage. You get all of this along with easy access to schools, shopping, restaurants and everything Tampa Bay has to offer!

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

Zip Code: 33594

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33594

ZipNIR 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
Valrico Elementary School Primary Regular 821 62 8
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Valrico Elementary School

  • Education Level: Primary
  • # of students: 821
  • # of teachers: 62
8
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Brandon High School

  • Education Level: High
  • # of students: 1,864
  • # of teachers: 116
4
GreatSchools Rating
 

$323,910$395,890$359,900

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 -$1,250
Property Tax -$474
Property Insurance -$200
HOA -$50
Property Management Fees -$129
CASH FLOW
-$84

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.

$359,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.0%
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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$18,107

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
  • $0.72

    LIST RENT PER SQFT
  • $2,170

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9953$2,0204$2,1005$2,145
$2,145
RENT COMPS ANALYSIS
  • 2120 Valrico Heights Blvd Valrico, FL 3
    • 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.72
    •  
  • 1625 Grand Heritage Blvd Valrico, FL 1
    • 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2004
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.71
    •  
  • 909 Arista Blvd Valrico, FL 2
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 418 Summerlyn Dr Valrico, FL 4
    • 5 beds 4 baths ∙ 2,631 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,631 Sqft ∙ Built 2007
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 1433 Main St Valrico, FL 5
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2010
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.80
    •  
PROPERTY LISTING DETAILS
Christine Hensley
1.813.503.7732
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283805
Last Updated: 01/09/2021
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