Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3608 Casaba Loop Valrico, FL 33596

3 Beds 3 Baths 1,855 sqft Built 1979

$309,990

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $167.11
  • 7 Days on Market
  • MLS # : T3287768
  • Updated Date : 02/06/2021 at 19:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,855 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Realty Associates

Listing Agent's Description

Welcome to this beautifully maintained home in the desirable Bloomingdale East community of Valrico! This 3 bedroom, 2 and a half bathroom home features 1,855 square feet, with a very unique and functional layout. Still an open floor plan but not a cookie-cutter home! This home is located on a large corner lot and has a HUGE enclosed SALT-WATER swimming pool out back. You have to see the pool to realize the size of it, as most are not used to seeing a pool this size! As you enter the home, you will find the formal living and dining rooms to the right, and to your left is the a split stairwell going upstairs. There is also a small step down into the newly remodeled main living space overlooking the pool area. Continuing past the stairs you will find a fully remodeled and updated half bath, and the spacious kitchen with stainless steel appliances and a nice sitting area at the bar. Upstairs, you will find the two generously sized bedrooms on the left, a full bath, and the large master suite on the right. The mostly updated master bathroom features duel sinks, fully tiled walls, and a brand new walk-in shower. Outside you will find an enclosed patio area with the stunning pool and outdoor kitchen/sitting areas, and a fully fenced yard. The home features a roof that was replaced in 2020, an HVAC system that was replaced around 2013-2015, and a hot water heater replacement in 2016, so the main expenses are taken care of for many years to come! What more can you ask for with this location and condition of this home?! Schedule a showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bloomingdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Bloomingdale

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
Alafia Elementary School Primary Regular 579 44 8
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Alafia Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 44
8
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
 

$278,991$340,989$309,990

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 -$1,077
Property Tax -$382
Property Insurance -$144
Property Management Fees -$129
CASH FLOW
$8

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.

$309,990

PROJECTED PRICE

$1,740

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.0%
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$87,897

INVESTMENT

$87,897

Down Payment
$77,498
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,498
Loan Amount $232,493
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$23,663

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
  • $0.94

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,635
1$1,6352$1,7323$1,7354$1,7405$1,775
$1,775
RENT COMPS ANALYSIS
  • 3608 Casaba Loop Valrico, FL 4
    • 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.94
    •  
  • 718 Fortuna Dr Brandon, FL 1
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1983
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.97
    •  
  • 3616 Greenstone Pl Valrico, FL 2
    • 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 1979
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,732
    • $0.93
    •  
  • 4116 Canoga Park Dr Brandon, FL 3
    • 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1984
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.92
    •  
  • 612 Hidden Lake Dr Brandon, FL 5
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1979
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.97
    •  
PROPERTY LISTING DETAILS
Gary Lambdin
1.813.727.7005
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287768
Last Updated: 02/06/2021
BESbswy