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2409 Stonehill Ave Valrico, FL 33594

4 Beds 2 Baths 2,409 sqft Built 1982

$349,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $144.87
  • 3 Days on Market
  • MLS # : T3292575
  • Updated Date : 02/27/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,409 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Welcome to the beautiful highly sought after community of Wellington in Valrico. this 2409 qft home offers a spacious master bedroom, and master bathroom with his, and her bathroom counter. 4 bedroom and 2 baths spacious floor plan for the entire family. New waterproof laminate floors in the Master bedroom,formal living room and family room. NEW ROOF 2017,NEW AC 2018, NEW WATER HEATER 2019, NEW WOODEN -DECK 2020. NEW WATER SOFTENER 2018 ,NEW SEPTIC 2020 - UNDER 1/2 ACRE LOT - NO CDD OR HOA .This home has so much to offer . please call me for your private showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,212
Property Tax -$460
Property Insurance -$177
Property Management Fees -$129
CASH FLOW
-$28

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.

$349,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.56%

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$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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$22,725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,024

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,735
1$1,7352$1,7453$1,8754$1,9505$2,150
$2,150
RENT COMPS ANALYSIS
  • 2409 Stonehill Ave Valrico, FL 4
    • 4 beds 2 baths ∙ 2,409 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,409 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.81
    •  
  • 3810 Treadway Dr Valrico, FL 1
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1974
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.84
    •  
  • 4008 Highgate Dr Valrico, FL 2
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 1978
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.79
    •  
  • 4303 Brandon Ridge Dr Valrico, FL 3
    • 4 beds 2 baths ∙ 2,215 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,215 Sqft ∙ Built 1998
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.85
    •  
  • 2820 Duncan Tree Cir Valrico, FL 5
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2002
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
PROPERTY LISTING DETAILS
Danlys Abreu
1.813.546.1917
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292575
Last Updated: 02/27/2021
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