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2318 Eagle Bluff Dr Valrico, FL 33596

4 Beds 3 Baths 2,524 sqft Built 1992

$409,990

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $162.44
  • 4 Days on Market
  • MLS # : T3282778
  • Updated Date : 01/01/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,524 sqft
  • Baths : 3 full
Listing Agent

Fireside Real Estate

Listing Agent's Description

A rare find - golf course views and a pool home in the beautiful no HOA neighborhood of The Greens in Bloomingdale East. This home is nestled under soaring oak trees and has a spacious floor plan boasting 4 beds and 3 baths with over 2500 sqft of living space and an oversized 3-car garage. The features are endless - solid wood floors & tile throughout, the kitchen overlooks the great room which has a fireplace. The kitchen has wood cabinets, plant shelving, granite counter tops, & all stainless-steel gas appliances - and a separate breakfast nook! You also get a dedicated dining room space with an additional living space. That view - the heart of the home opens via all three full pocket sliding doors to the saltwater pool, jacuzzi, and your view of the 14th Green - 15th Tee of Bloomingdale Golf Course. Full screen enclosure. You also get a generous amount of deck space surrounding the pool - an entertainer's dream! Split floor plan - the master bedroom and 4th bedroom(currently being used as an office/ den) are on one side . His & her closets, dual sinks, a garden tub & separate shower. On the opposite side of the home, you will find 2 additional bedrooms - one has a private bathroom that is also accessible via a private pathway to the pool area. This neighborhood will fit any lifestyle - great schools, parks, Campo Family YMCA, and miles of sidewalks to jog, bike, and walk.

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: Bloomingdale Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k469k

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

Neighborhood: Bloomingdale Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052439

* 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
Alafia Elementary School Primary Regular 579 44 8
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Alafia Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 44
8
GreatSchools Rating

Burns Middle School

  • Education Level: Middle
  • # of students: 1,255
  • # of teachers: 75
7
GreatSchools Rating

Bloomingdale High School

  • Education Level: High
  • # of students: 2,191
  • # of teachers: 118
6
GreatSchools Rating
 

$368,991$450,989$409,990

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,513
Property Tax -$540
Property Insurance -$183
HOA -$17
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.

$409,990

PROJECTED PRICE

$2,460

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$114,397

INVESTMENT

$114,397

Down Payment
$102,498
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,498
Loan Amount $307,493
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$45,183

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,436

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,3003$2,4604$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 2318 Eagle Bluff Dr Valrico, FL 3
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.97
    •  
  • 4514 Swift Cir Valrico, FL 1
    • 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 1996
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
  • 1511 Holleman Dr Valrico, FL 2
    • 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 1987
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 2257 Eagle Bluff Dr Valrico, FL 4
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1994
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.02
    •  
  • 1525 Crooked Stick Dr Valrico, FL 5
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2000
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.98
    •  
PROPERTY LISTING DETAILS
Cass Mccoleman
1.813.545.5230
Fireside Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282778
Last Updated: 01/01/2021
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