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2609 Brookville Dr Valrico, FL 33596

3 Beds 2 Baths 1,858 sqft Built 2002

$299,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $160.93
  • 2 Days on Market
  • MLS # : L4920282
  • Updated Date : 01/16/2021 at 01:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

S & D Real Estate Service Llc

Listing Agent's Description

Location Location! This 3 bedroom plus office room house is located in one of the most desirable areas in Bloomingdale. Walk into the spacious hallway with the office room to the right. The kitchen is open and overlooks the large living room. It is completely remodeled with all new stainless steel appliances, granite countertop, and solid wood cabinets. Both bathrooms are fully renovated and all bedrooms have brand new carpet. Master bedroom has large walk in closet and the master bathroom has a tub and separate shower. Enclosed patio in the back, perfect for family gatherings and barbeques. There is plenty of privacy in the backyard with a brand new fence and an open field in the back without any neighbors. House is freshly painted inside and outside. Roof and water heater from 2016. Grab the opportunity to own a house in great condition in an excellent location with great schools. Check matterport https://my.matterport.com/show/?m=NbcNsN6nfVu

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Bloomingdale Cove

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Bloomingdale Cove

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
Cimino Elementary School Primary Regular 839 66 7
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Cimino Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 66
7
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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,039
Property Tax -$394
Property Insurance -$144
HOA -$19
Property Management Fees -$129
CASH FLOW
$75

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.

$299,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$29,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,928

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8003$1,8504$2,0355$2,065
$2,065
RENT COMPS ANALYSIS
  • 2609 Brookville Dr Valrico, FL 2
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 2537 Siena Way Valrico, FL 1
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 1997
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.00
    •  
  • 2628 Brookville Dr Valrico, FL 3
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2002
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
  • 4519 Oak River Cir Valrico, FL 4
    • 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1999
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,035
    • $1.04
    •  
  • 1925 River Crossing Dr Valrico, FL 5
    • 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1988
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,065
    • $1.05
    •  
PROPERTY LISTING DETAILS
Jeeva Thomas
1.201.314.3349
S & D Real Estate Service Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4920282
Last Updated: 01/16/2021
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