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2601 Manor Oak Dr Valrico, FL 33596

4 Beds 2 Baths 2,039 sqft Built 1984

$269,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $132.37
  • 3 Days on Market
  • MLS # : S5043540
  • Updated Date : 12/04/2020 at 20:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,039 sqft
  • Baths : 2 full
Listing Agent

Florida Realty Investments

Listing Agent's Description

Let your imagination run wild with this perfectly located 4 bedroom 2 bathroom home. This is a great opportunity for an investor or a first time home buyer. The roof and the septic were replace 2018. This split floor plan, spacious corner lot home is located in the ideal Valrico area. As you enter through the front door, you will be greeted with the nice foyer area that walks right to the living room to the left and the formal dining room to the right. The garage and spacious laundry room are located on the right. The master bedroom is located to the left of the kitchen and the remaining three bedrooms and one bathroom are located in the other side of the living room. In the living room there is a large and beautiful fireplace that brings together the living space. Zoned for great schools nearby. This home has everything you are looking for.. great location, ideal open floor-plan and spacious bedrooms. Call to see it before its is gone! Give this home your personal touches and make it your own! ! Must see! Sold As-Is, no post-contract repairs or credits whatsoever. Buyer to independently verify all measurements, condition and HOA info if any. Equal Housing Opportunity.

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 33596

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k369k

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

Zip Code: 33596

ZipNIR 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
Brooker Elementary School Primary Regular 920 72 4
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Brooker Elementary School

  • Education Level: Primary
  • # of students: 920
  • # of teachers: 72
4
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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$996
Property Tax -$360
Property Insurance -$155
HOA -$12
Property Management Fees -$129
CASH FLOW
$128

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.

$269,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$38,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,922

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7804$2,0505$2,249
$2,249
RENT COMPS ANALYSIS
  • 2601 Manor Oak Dr Valrico, FL 3
    • 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.87
    •  
  • 614 Rapid Falls Dr Brandon, FL 1
    • 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 1988
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 623 Rapid Falls Dr Brandon, FL 2
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1988
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 1509 Graywood Ct Valrico, FL 4
    • 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 1986
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 2807 S Miller Rd Valrico, FL 5
    • 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1987
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $0.97
    •  
PROPERTY LISTING DETAILS
Guido Dominguez
1.407.222.9968
Florida Realty Investments
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5043540
Last Updated: 12/04/2020
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