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2210 Heritage Crest Dr Valrico, FL 33594

4 Beds 3 Baths 2,277 sqft Built 2001

$349,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $153.67
  • 2 Days on Market
  • MLS # : T3280361
  • Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,277 sqft
  • Baths : 3 full
Listing Agent

Quicksilver Real Estate Group

Listing Agent's Description

Rare find, no HOA and no CDD's. 4/3/3 with Brick fireplace, 10 foot ceilings throughout the house and a huge lanai on 1/3 of an acre in a beautiful and quiet neighborhood. Park your boat, RV and trailer on your property worry free. Home has city water and also deep well pump used for irrigation.

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Heritage Crest

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k496k

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

Neighborhood: Heritage Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052234

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,291
Property Tax -$461
Property Insurance -$169
Property Management Fees -$129
CASH FLOW
-$150

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.

$349,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.54%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$16,694

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,879

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,8493$1,8754$1,9005$1,945
$1,945
RENT COMPS ANALYSIS
  • 2210 Heritage Crest Dr Valrico, FL 4
    • 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 1903 Heartland Cir Valrico, FL 1
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2006
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.77
    •  
  • 2020 Rutherford Dr Dover, FL 2
    • 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2005
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.77
    •  
  • 2018 Heartland Cir Valrico, FL 3
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2005
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.86
    •  
  • 1107 Emerald Hill Way Valrico, FL 5
    • 3 beds 2 baths ∙ 2,172 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,172 Sqft ∙ Built 2005
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.90
    •  
PROPERTY LISTING DETAILS
Troy Spivey
1.813.347.8700
Quicksilver Real Estate Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280361
Last Updated: 12/13/2020
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