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2208 Greenhills Dr Valrico, FL 33596

3 Beds 2 Baths 2,263 sqft Built 1984

$374,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $165.67
  • 6 Days on Market
  • MLS # : T3273386
  • Updated Date : 10/30/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,263 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Unlimited

Listing Agent's Description

NO HOA in this beautiful neighborhood! Actual sq footage from the builder is 2263 heated sq. ft. on a huge lush corner lot just under a half-acre. Backyard fenced with vinyl privacy fence. Enjoy this spacious pool home. It was custom built by the owner with many extras - oversized family room with fireplace, 4 sets of sliders lead out to the screened pool area with plenty of covered area for enjoying the view of the expansive back yard. Pass through window from the kitchen makes entertaining a breeze. Extra-long garage to accommodate large vehicles as well as a 8 X 5 separate workshop area. Well for irrigation means you can keep this expansive lawn looking great without breaking the bank. New stainless steel fridge and dishwasher. The Master bedroom has dual walk-in closets, dual sinks and pocket sliders leading out to the pool.

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
 

$337,410$412,390$374,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,383
Property Tax -$494
Property Insurance -$168
Property Management Fees -$80
CASH FLOW
-$165

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.

$374,900

PROJECTED PRICE

$1,960

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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$16,656

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,105

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$2,1003$2,1454$2,1755$2,249
$2,249
RENT COMPS ANALYSIS
  • 2208 Greenhills Dr Valrico, FL 1
    • 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.87
    •  
  • 1720 Shady Leaf Dr Valrico, FL 2
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1986
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 2524 Arborwood Dr Valrico, FL 3
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1987
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.93
    •  
  • 2612 Crestfield Dr Valrico, FL 4
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1988
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.91
    •  
  • 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
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $0.97
    •  
PROPERTY LISTING DETAILS
Beth Christo
1.813.714.3811
Re/max Realty Unlimited
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273386
Last Updated: 10/30/2020
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