Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2122 Oaklane Rd Valrico, FL 33596

3 Beds 2 Baths 1,800 sqft Built 2008

$315,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $175.00
  • 5 Days on Market
  • MLS # : W7829345
  • Updated Date : 12/24/2020 at 12:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Gulf Coast Executive Realty

Listing Agent's Description

BRING YOUR HORSES, BOATS OR RVS!!! NO deed restrictions, HOA, or CDD. Enjoy the privacy of 1.48 beautiful acres! This property has both open spaces and mature oaks. A move-in ready home with 3 bedrooms, 2 bathrooms, an oversized detached 3+ car garage, AND 2 stall horse barn. Full kitchen with pantry & breakfast bar. Crown moulding throughout the home! The master bedroom is spacious featuring a walk-in closet with built ins; large bathroom with dual sinks, walk in shower and separate garden tub. Other features include large additional bedrooms with walk in closets; inside laundry room, abundance of storage space, well and septic systems for no water bills. New A/C and well pump in 2020. This is a very unique property in a desirable location.

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

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,162
Property Tax -$415
Property Insurance -$141
Property Management Fees -$129
CASH FLOW
-$77

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.

$315,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.6%
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

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,434

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7304$1,7705$1,875
$1,875
RENT COMPS ANALYSIS
  • 2122 Oaklane Rd Valrico, FL 4
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.98
    •  
  • 2740 Pankaw Ln Valrico, FL 1
    • 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 2004
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 2739 Pankaw Ln Valrico, FL 2
    • 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 2004
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 2424 Cedarcrest Pl Valrico, FL 3
    • 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1991
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.85
    •  
  • 2749 Buckhorn Preserve Blvd Valrico, FL 5
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2003
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.95
    •  
PROPERTY LISTING DETAILS
Rebecca Jonas
1.727.808.3563
Gulf Coast Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829345
Last Updated: 12/24/2020
BESbswy