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2827 Buckhorn Preserve Blvd Valrico, FL 33596

4 Beds 4 Baths 2,954 sqft Built 2003

$374,995

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $126.94
  • 2 Days on Market
  • MLS # : T3284151
  • Updated Date : 01/16/2021 at 10:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,954 sqft
  • Baths : 3 full , 1 half
Listing Agent

Mihara & Associates Inc.

Listing Agent's Description

This gorgeous four-bedroom home is located in the private community of Buckhorn Preserve. The beautiful home features a three-car garage with mature landscaping. The BRAND-NEW open kitchen features all wood cabinets, NEW stainless-steel appliances, and QUARTZ countertops with bar top seating. The warm and inviting living room features crown molding and sliding doors that lead out to the covered patio. The master bedroom features a double-tray ceiling, sitting area, and ensuite bathroom that features a double vanity, soaking tub, and walk-in shower. Some other upgrades include new wood like tile on the main floor, new carpet on the second floor, brand new roof, new interior paint, all new lighting fixtures throughout the home, updated bathrooms, and new epoxy finish on the garage floor.

SEE MORE

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: 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
Nelson Elementary School Primary Regular 838 60 5
Mulrennan Middle School Middle Regular 1,133 71 6
Durant High School High Regular 2,303 117 5

Nelson Elementary School

  • Education Level: Primary
  • # of students: 838
  • # of teachers: 60
5
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
 

$337,496$412,495$374,995

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,303
Property Tax -$494
Property Insurance -$208
HOA -$25
Property Management Fees -$129
CASH FLOW
$41

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.

$374,995

PROJECTED PRICE

$2,200

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.6%
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$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,124

INVESTMENT

$105,124

Down Payment
$93,749
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,749
Loan Amount $281,246
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$30,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,415

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1503$2,2004$2,2005$2,595
$2,595
RENT COMPS ANALYSIS
  • 2827 Buckhorn Preserve Blvd Valrico, FL 4
    • 4 beds 4 baths ∙ 2,954 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,954 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.74
    •  
  • 2605 Valencia Grove Dr Valrico, FL 1
    • 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2004
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.73
    •  
  • 3827 Misty Landing Dr Valrico, FL 2
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
  • 2717 Villa Dr Valrico, FL 3
    • 4 beds 2 baths ∙ 2,631 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,631 Sqft ∙ Built 2002
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 4111 Balington Dr Valrico, FL 5
    • 4 beds 4 baths ∙ 2,954 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,954 Sqft ∙ Built 2003
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.88
    •  
PROPERTY LISTING DETAILS
Stacy White
1.239.677.1220
Mihara & Associates Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284151
Last Updated: 01/16/2021
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