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2207 Summit View Dr Valrico, FL 33596

4 Beds 2 Baths 2,182 sqft Built 1977

$275,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $126.03
  • 4 Days on Market
  • MLS # : U8107751
  • Updated Date : 12/19/2020 at 11:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,182 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Welcome to your new house right on the golf course. This 4 bedroom, 2 bathroom, 2 car garage home has all the major items updated in the past couple of years. The A/C was installed in 2018, garage door and opener in 2017, and in 2017 a generator was installed! Now it's your turn to add your desired finishes to this large home. All the rooms have a great size including the main living room, family room off the kitchen, and a large Florida room that is heated and cooled. There is a large indoor laundry room off of the kitchen. Out front is a screened in porch and koi pond. Plenty of parking space between the 2 car garage and wide driveway. Enjoy the views of the golf course out back in your large backyard with mature landscaping. No required HOA or CDD fees. The home is minutes from local schools and shopping. Only 22 minutes from downtown Tampa. Schedule your showing today before this home is gone!

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: Buckhorn Golf Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Buckhorn Golf Club Estates

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,015
Property Tax -$363
Property Insurance -$163
Property Management Fees -$129
CASH FLOW
$131

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.

$275,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$39,339

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7303$1,8004$1,9755$2,249
$2,249
RENT COMPS ANALYSIS
  • 2207 Summit View Dr Valrico, FL 3
    • 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 2414 Cedarcrest Pl Valrico, FL 1
    • 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1988
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 2424 Cedarcrest Pl Valrico, FL 2
    • 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1991
    property image
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.85
    •  
  • 1015 Hollyberry Ct Brandon, FL 4
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 1985
    property image
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.83
    •  
  • 2807 S Miller Rd Valrico, FL 5
    • 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1987
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $0.97
    •  
PROPERTY LISTING DETAILS
Zach Griest
1.727.900.5170
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8107751
Last Updated: 12/19/2020
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