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2801 Saint Cloud Oaks Dr Valrico, FL 33594

4 Beds 2 Baths 2,634 sqft Built 1986

INVESTimate

$369,000

List Price

$2,310

$2,079 - $2,541

Rent Est.

$397,081  ( +7.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $140.09
  • 2 Days on Market
  • MLS # : T3261262
  • Updated Date : 08/26/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,634 sqft
  • Baths : 2 full
Listing Agent

Florida Realty

Listing Agent's Description

Welcome to this lovely home built by Sunrise. Upon entering the beautiful tree lined picturesque neighborhood, please note this neighborhood is a loop with only one entrance and exit. A small community located in eastern Valrico with country small town charm. Past the well maintained entrance, you’ll notice the non cookie cutter feel to this quaint community. The home welcomes you with a large front porch with lots of room to enjoy the tree lined view. Upon entering the foyer ( note the ring doorbelll) you will enter into a large tiled foyer leading into the main part of the house. The home is a split bedroom plan with open newly remodeled kitchen in the middle. On one side of kitchen is an breakfast nook and a large family room with a real wood burning fireplace. On the other side of the kitchen is the very large living room and dining room combination featuring sliding glass door leading to a large screened patio pool area. The kitchen has been recently remodeled with shaker style cabinets and lovely new solid surface countertops. There are stunning trendy new pendant lights over the expansive countertops with barstools for seating. You’ll notice the lovely new windows over the sink that features a pass thru to the bar on the patio. The pool is large and the deck has been recently resurfaced. The owners retreat features an oversized bedroom with en-suite bathroom. The shower has been recently remodeled with a lovely modern frameless shower door. There is a large jacuzzi tub, large sink vanity area and a commode closet in this large tiled bathroom. There are two large closets in the hall connecting the bedroom and bathroom. There are sliding glass doors leading to the pool area also. The split plan features three more nice sized bedrooms with a bathroom leading into the pool patio area. From the garage into the home there is the large laundry room with lots of extra storage. There is also a butler type pantry off the laundry room which makes for plenty of room for kitchen and household gadgets. This home is perfect for today’s busy family.

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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
Valrico Elementary School Primary Regular 821 62 8
Mulrennan Middle School Middle Regular 1,133 71 6
Durant High School High Regular 2,303 117 5

Valrico Elementary School

  • Education Level: Primary
  • # of students: 821
  • # of teachers: 62
8
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
 

$332,100$405,900$369,000

PURCHASE PRICE

$2,079$2,541$2,310

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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,361
Property Tax -$716
Property Insurance -$190
HOA -$17
Property Management Fees -$80
CASH FLOW
-$53

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.

$369,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.63%

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$23,892

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,041

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,865
1$1,8652$1,9953$2,0004$2,0005$2,310
$2,310
RENT COMPS ANALYSIS
  • 2801 Saint Cloud Oaks Dr Valrico, 5
    • 4 beds 2 baths ∙ 2,634 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,634 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.88
    •  
  • 809 Crest Top Trl Valrico, 1
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2000
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.81
    •  
  • 723 Grand Canyon Dr Valrico, 2
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1999
    property image
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 2725 Saint Cloud Oaks Dr Valrico, 3
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1987
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 2321 Valrico Forest Dr Valrico, 4
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1999
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
PROPERTY LISTING DETAILS
Cally Doyle
1.813.610.5191
Florida Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261262
Last Updated: 08/26/2020
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