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2121 Kennen Dr Valrico, FL 33594

4 Beds 2 Baths 2,027 sqft Built 1973

$365,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $180.07
  • 2 Days on Market
  • MLS # : T3317740
  • Updated Date : 07/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,027 sqft
  • Baths : 2 full
Listing Agent

Signature Realty Associates

Listing Agent's Description

This 2100-sqft pool home on a Tree-shaded 1/3 acre. upon arrival, you will see the tasteful landscaping front to back with mulch out front and rock landscaping around the back, gated privacy fencing, and a curved driveway leading to an oversized, side entry, 2 car garage. Enter the house to see the open floor plan to the newly remodeled home. The kitchen features all wood cabinets, granite countertops, stainless steel appliances and the over-sized island topped with butcher block captures the eyes as soon as you walk in. Dining room and living room are all open to the kitchen. Living room has a big reclaimed pallet board wall as an accent that is sure to make you fall in love! the entire house has new LVP flooring throughout. Home has 2 sets of french doors that lead to the exterior of the home. one set leads to a private patio on the side of the home and the other leads to the fenced in big private lot and swimming pool. The back yard has plenty of space for the family and pets to run around. A big and deep pool with surrounding deck where your family can spend these beautiful florida days.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Buckhorn Elementary School Primary Regular 640 52 7
Mulrennan Middle School Middle Regular 1,133 71 6
Durant High School High Regular 2,303 117 5

Buckhorn Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 52
7
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

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,268
Property Tax -$481
Property Insurance -$154
Property Management Fees -$129
CASH FLOW
-$152

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

$1,880

PROJECTED RENT

0.52%

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-$5.0k$0.0$5.0k$10k

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 55% 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

4.17

YEARS SAVED

$13,912

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,635
1$1,6352$1,7003$1,8004$1,8805$1,950
$1,950
RENT COMPS ANALYSIS
  • 2121 Kennen Dr Valrico, FL 4
    • 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.93
    •  
  • 3814 Treadway Dr Valrico, FL 1
    • 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 1974
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.87
    •  
  • 3814 Ravenna Dr Valrico, FL 2
    • 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1974
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 1608 Sand Hollow Ln Valrico, FL 3
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1990
    property image
    LEASED 03/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 1015 Kay Jean Dr Valrico, FL 5
    • 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 1973
    property image
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
PROPERTY LISTING DETAILS
Alexander Lopera
1.813.546.5507
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3317740
Last Updated: 07/13/2021
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