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2422 Stonehill Ave Valrico, FL 33594

4 Beds 2 Baths 2,291 sqft Built 1980

INVESTimate

$325,000

List Price

$1,950

$1,755 - $2,145

Rent Est.

$349,733  ( +7.61%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $141.86
  • 9 Days on Market
  • MLS # : T3260182
  • Updated Date : 08/25/2020 at 16:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,291 sqft
  • Baths : 2 full
Listing Agent

Signature Realty Associates

Listing Agent's Description

View the home virtually with this link: my.matterport.com/show/?m=7aR5dYX1ebc&mls=1 This adorable home can be found in the mature established neighborhood of Wellington that features grandfather oaks and shaded sidewalks. In a community of only 22 homes in the heart of Valrico, this home offers one of the best lots towards the end of a quiet dead-end street! Peace of mind with a 1 YEAR OLD ROOF and A/C, no high-ticket repairs with this home! You can tell a homeowner with a green thumb lives here… lush green lawn and attractive landscaping will impress you before you have even stepped inside! Through the double doors you arrive in the foyer with wood laminate flooring flanked by separate formal rooms, both with oversized windows to make the most of the natural light! Continue on and you arrive at the family room, the heart of this home! With a wood-beamed cathedral ceiling, fireplace accented with stone surround, French doors and wood laminate floors, this room will impress all who visit! The remodeled kitchen with white cabinets and newer stainless appliances will be a delight from where to prepare family meals and the attached breakfast nook with oversized window offering expansive green views of the back yard is just a magical! The master suite in its own wing on the house; very private and offers a remodeled bath with shower! The other three bedrooms are also a good size and the second bath has also been remodeled! Can you say TURNKEY?! The outside area of this home adds more space for you and your family to enjoy! A large screened lanai overlooks the large fenced yard with pool accented by a stone water feature! Even with the pool, this yard offers lots of room for the family and pets to play and the fence gives you total privacy! This home really is a gem and also offers a neutral paint palette, all new lighting throughout the entire home and a location that cannot be beat! Do not delay, come take a look today!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$292,500$357,500$325,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,199
Property Tax -$461
Property Insurance -$170
Property Management Fees -$80
CASH FLOW
$40

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.

$325,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.61%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$32,483

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
  • $0.85

    LIST RENT PER SQFT
  • $1,953

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,8753$1,9504$1,9795$2,020
$2,020
RENT COMPS ANALYSIS
  • 2422 Stonehill Ave Valrico, 3
    • 4 beds 2 baths ∙ 2,291 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,291 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 4008 Highgate Dr Valrico, 1
    • 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, 2
    • 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
    •  
  • 1705 Honey Ridge Pl Valrico, 4
    • 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 1999
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,979
    • $0.88
    •  
  • 1807 N Waterman Dr Valrico, 5
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 1974
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.89
    •  
PROPERTY LISTING DETAILS
Brenda Wade
1.813.655.5333
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260182
Last Updated: 08/25/2020
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