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2554 Centennial Falcon Dr Valrico, FL 33596

4 Beds 3 Baths 2,806 sqft Built 2004

$415,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $147.90
  • 3 Days on Market
  • MLS # : U8111536
  • Updated Date : 01/29/2021 at 17:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,806 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Lovely home Conveniently located in private, gated golf course community of Bloomingdale. Enjoy your beautiful pond views from your front porch or enjoy your pool and spa in your newly screened in back patio. This home has something for everyone - Split bedroom plan provides privacy for primary bedroom, separate office great for remote learning/ working. Formal living/dining room; open floorplan with kitchen/eating/family room. Large kitchen has both an island and breakfast bar, a lot of cabinet and counter space, NEW black stainless APPLIANCES, large cabinet pantry. Tile floor throughout Kitchen and foyer. Remodel allowance of 10K being offered so you can change carpet and/or paint. Large 3 car garage provides space for all cars and toys.

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

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Bloomingdale

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
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
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,441
Property Tax -$613
Property Insurance -$200
HOA -$67
Property Management Fees -$129
CASH FLOW
-$89

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.

$415,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.0%
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$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$20,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,413

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,3604$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2554 Centennial Falcon Dr Valrico, FL 3
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.84
    •  
  • 4509 Swift Cir Valrico, FL 1
    • 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,751 Sqft ∙ Built 1997
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 2235 Golf Manor Blvd Valrico, FL 2
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 1998
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.87
    •  
  • 3701 Lithia Ridge Blvd Valrico, FL 4
    • 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 1988
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 2501 Erindale Oaks Ln Valrico, FL 5
    • 4 beds 4 baths ∙ 2,942 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,942 Sqft ∙ Built 2014
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Michelle Benson
1.727.386.9717
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111536
Last Updated: 01/29/2021
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