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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $171.91
- 4 Days on Market
- MLS # : T3283415
- Updated Date : 01/07/2021 at 18:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,414 sqft
- Baths : 2 full , 1 half
Listing Agent
Green Star Realty, Inc.
Listing Agent's Description
Gorgeous pool home with a BIG yard, located in the peaceful community of Lithia Ridge. This 4 bedroom, 2.5 bathroom, plus office, home is loaded with updates and smart home features. New AC just installed in April 2020! New Zoller Septic installed March 2020 and the water heater was just replaced in 2017. There are new ceiling fans and smoke detectors throughout the home, as well as LED lights, so no bulb replacement. Washer and Dryer are included and are Maytag 2019 front loading. The new, digital Ecobee thermostat, exterior lights, and sprinkler system are all smart home or wifi cell phone compatible. The bright kitchen is a dream and has beautiful custom cabinets with an abundance of storage space, granite countertops, and stainless steel energy star appliances. The RO water filter for sink and ice maker mean no need for bottled water! The center island with sink also has a breakfast bar and overlooks the spacious family room and brick front fireplace. The owner’s retreat features a huge walk-in closet with custom storage shelves, dual sink vanity, garden tub, and big walk-in shower. All bathrooms, including plumbing were just recently remodeled and also include new water saving toilets! There are French doors that lead from the family room, living room, and owner’s retreat, to the screened in lanai, pool, and spa. The pool heater and spa blower motor were both replaced in 2017. The backyard includes a newly fenced area, extended out for maximum yard usage. There are many types of fruit trees! Meyer lemon, banana, sour orange, guava, figs, papaya, berries, and pineapple! Lithia Ridge is a quiet park-like community with access to A rated schools, no CDD fees and has low annual HOA dues. Come and check out this spectacular home before it’s gone!
SEE MORE
- 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: Lithia Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lithia Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$547 | |
| Property Insurance | -$177 | |
| HOA | -$27 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$131
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$415,000
PROJECTED PRICE
$2,190
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.57% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
4.5
YEARS SAVED
$18,262
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,185
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
3706 Lithia Ridge Blvd Valrico, FL 3
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- Rent
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- $2,190
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4008 Canter Ct Valrico, FL 1
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- $1,995
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3819 Triple Jump St Valrico, FL 2
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LEASED 10/07/19- Rent
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- $2,100
- $0.94
-
5141 Fairway One Dr Valrico, FL 4
- 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1992
LEASED 12/02/19- Rent
- Rent Per SQFT
- $2,200
- $0.95
-
4704 Ranch Grove Ct Valrico, FL 5
- 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1997
LEASED 02/11/20- Rent
- Rent Per SQFT
- $2,200
- $0.84
PROPERTY LISTING DETAILS
1.813.598.6841
Green Star Realty, Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3283415
Last Updated: 01/07/2021
