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3000 Starmount Dr Valrico, FL 33596

4 Beds 3 Baths 2,255 sqft Built 1991

$349,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $155.17
  • 2 Days on Market
  • MLS # : T3286472
  • Updated Date : 01/23/2021 at 10:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,255 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Tampa Central

Listing Agent's Description

Come enjoy the Buckhorn lifestyle at its finest in this tastefully updated pool home located directly on the golf course. Your breath is taken away as soon as you step into the home and see directly through the sliding doors to your backyard oasis. The family room features a brick fireplace that creates a true focal point to entertain and gather around. The kitchen was designed for any chef to easily fall in love with from the exotic granite countertops to the brand new stainless steel appliances and cabinets with ample storage. The master suite offers expansive room for a king sized bed, two closets, and sliding doors that lead to the sparkling pool. The master en suite features his and her sinks and an oversized shower. The rest of the home features 3 bedrooms, a den/office that can easily be used as a 5th bedroom, 2 bathrooms, formal living & dining rooms, inside laundry room, 2 car garage, and a golf cart garage. This home also has brand new laminate flooring, Brand New A/C, fresh paint inside & out, and new ceiling fan & light fixtures. Don't miss the opportunity to make this dream home your reality. Call today to schedule your private showing.

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: 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,215
Property Tax -$461
Property Insurance -$168
HOA -$3
Property Management Fees -$129
CASH FLOW
-$156

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.

$349,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.52%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$12,517

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,962

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,820
1$1,8202$1,9003$2,0454$2,1755$2,195
$2,195
RENT COMPS ANALYSIS
  • 3000 Starmount Dr Valrico, FL 1
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.81
    •  
  • 3005 Starmount Dr Valrico, FL 2
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1989
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 3004 Starmount Dr Valrico, FL 3
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1990
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.90
    •  
  • 2612 Crestfield Dr Valrico, FL 4
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1988
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.91
    •  
  • 3411 Eastmonte Dr Valrico, FL 5
    • 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2002
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.86
    •  
PROPERTY LISTING DETAILS
William Lolly
1.813.966.7446
Keller Williams Tampa Central
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286472
Last Updated: 01/23/2021
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