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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $152.27
- 2 Days on Market
- MLS # : T3291315
- Updated Date : 02/20/2021 at 16:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,871 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Residential
Listing Agent's Description
Beautiful Valrico home located in the neighborhood of Eastwood Glen. This property sits up high and looks over the cul de sac. The home is located on a lovely lot with mature landscaping, an inviting front porch, and side entry garage. Entering the home you are greeted with an open floor plan perfect for entertaining along with stunning wood flooring. The kitchen has solid wood cabinets, lots of counter space, and a large breakfast nook overlooking the incredible backyard. Large master bedroom has two walk in closets offering plenty of storage. Master bath has been updated with a newer vanity, newer walk in shower, and a soaking tub. On the other side of the home are two additional bedrooms along with a full bathroom. The massive screened in porch has an abundance of space along with views of the pool with pebbletech finish and fully fenced in yard. This home is sure to provide long lasting memories. The garage door has been recently updated along with a New A/C done in 2018. Hurry priced to sell.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East County Civic Group
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$396 | |
| Property Insurance | -$145 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$201
|
||
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.
$284,900
PROJECTED PRICE
$1,860
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,249
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,225 |
| Loan Amount | $213,675 |
9.92
YEARS SAVED
$40,313
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,698
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
2217 Misty Ridge Ln Valrico, FL 5
- 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,860
- $0.99
-
4306 Brooke Dr Valrico, FL 1
- 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1999
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,695
- $0.92
-
2715 Buckhorn Preserve Blvd Valrico, FL 2
- 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 2003
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,725
- $0.96
-
4401 Brandon Ridge Dr Valrico, FL 3
- 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2000
LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,750
- $0.87
-
2728 Buckhorn Preserve Blvd Valrico, FL 4
- 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 2004
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,800
- $0.88
PROPERTY LISTING DETAILS
1.813.962.0631
Coldwell Banker Residential
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291315
Last Updated: 02/20/2021
