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2720 Briarpatch Dr Valrico, FL 33596

3 Beds 2 Baths 1,942 sqft Built 1986

$295,999

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $152.42
  • 2 Days on Market
  • MLS # : T3279086
  • Updated Date : 12/05/2020 at 22:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,942 sqft
  • Baths : 2 full
Listing Agent

Florida Realty Investments

Listing Agent's Description

Great Buckhorn 3 Bedroom, 2 Bath LARGE POOL home. Walk into the Large Foyer and make yourself at home in the Large and Open Formal Living and Dining Rooms with pretty Hardwood Flooring, New and Natural Lighting and Sliders to the Lanai. Nearby is the large Kitchen with plenty of counter and cabinet space, new backsplash tile and lighting, a pass-through window over the sink plus a spacious dining area with closet pantry for food or extra kitchen storage. Get comfy in the wonderful Family Room with a Wood Burning Fireplace, built-in shelving, wood flooring and sliders to the Lanai. This home is a split bedroom layout with a large master bedroom with a large walk-in closet and yes, sliders to the lanai. The master bath has double vanities, a big soaking tub with tile surround and separate shower stall. Two secondary bedrooms share a large bath with new lighting and a tub/shower combination. Enjoy endless hours on the Screened Lanai with handsome Pavered Deck and splash carefree in the refreshing Pool, the whole family will love! Keep all the extras organized and stored out of sight in the Shed in the Fenced Backyard. Explore the neighborhood park and meet your neighbors! Love to golf or play tennis? Buckhorn Springs Golf & Country Club is always happy to increase their membership! Come see this wonderful home just waiting for a new family. New air condition, garage, new ceiling fans and washer and dryer Call us today.

SEE MORE

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

Neighborhood: Original Buckhorn Estate

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k373k

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

Neighborhood: Original Buckhorn Estate

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
 

$266,399$325,599$295,999

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,092
Property Tax -$390
Property Insurance -$149
Property Management Fees -$129
CASH FLOW
-$21

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.

$295,999

PROJECTED PRICE

$1,740

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.5%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,190

INVESTMENT

$84,190

Down Payment
$74,000
Rehab Estimate
$5,750
Closing Costs
$4,440

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,092

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,000
Loan Amount $221,999
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$24,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,796

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7253$1,7404$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 2720 Briarpatch Dr Valrico, FL 3
    • 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.90
    •  
  • 2739 Pankaw Ln Valrico, FL 1
    • 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 2004
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 2715 Buckhorn Preserve Blvd Valrico, FL 2
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 2003
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.96
    •  
  • 2728 Buckhorn Preserve Blvd Valrico, FL 4
    • 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 2004
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
  • 2749 Buckhorn Preserve Blvd Valrico, FL 5
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2003
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ben Jackson
1.727.642.6801
Florida Realty Investments
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279086
Last Updated: 12/05/2020
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