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3723 Cold Creek Dr Valrico, FL 33594

4 Beds 3 Baths 2,547 sqft Built 1996

$384,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $151.12
  • 4 Days on Market
  • MLS # : T3283511
  • Updated Date : 01/08/2021 at 04:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,547 sqft
  • Baths : 3 full
Listing Agent

Assist 2 Sell The Eshack Team

Listing Agent's Description

YOUR SEARCH ENDS HERE!! Located in the sought-after BLOOMINGDALE community in Valrico, you are going to fall in love with this amazing POOL HOME. This home is steps away from the YMCA, top notch schools, neighborhood parks, shopping, & restaurants. It Features over 2,500 heated sq ft, 4 bedrooms, 3 full baths, hardwood & tile floors, vaulted ceilings, & a large solar heated pool w/a relaxing water feature. Once you walk into the foyer, you will realize how special this home is. The formal dining room features a trey ceiling and has large windows that draw in lots of natural light. Sliders in the living, family, and master bedroom open up the back of the home and give access to the covered porch and screened in pool area. Perfect for family get togethers and entertaining. You are going to fall in love with the generous sized master suite with separate sitting area and 2 walk-in closets. His/hers vanities w/cultured marble sinks, a large garden tub, and a separate walk-in shower pulls together the master bathroom. The remodeled kitchen overlooks the family room w/a wood-burning fireplace and has beautiful granite counters, stainless appliances, 42” cabinets, a large breakfast bar, & the island with granite top will stay as well as pot rack…a true gourmets delight! The solar heated pool makes the pool a year-round luxury. Enjoy telling family stories in the backyard while sitting around the stone firepit. Recent items that have been taken care of: Roof is 5 years old, new front door, new solar panels for pool along with a new pool pump and DE filter, updated sprinkler system, new water heater, color changing led light in pool, security system and lanai ceiling fan. This is a beautiful home and is ready for its new owners!! Call now for your personal showing!!

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
 

$346,410$423,390$384,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,337
Property Tax -$507
Property Insurance -$185
HOA -$35
Property Management Fees -$129
CASH FLOW
$67

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.

$384,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.59%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$34,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,318

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,1003$2,1754$2,2605$2,300
$2,300
RENT COMPS ANALYSIS
  • 3723 Cold Creek Dr Valrico, FL 4
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.89
    •  
  • 2011 Timberfall Ln Valrico, FL 1
    • 4 beds 2 baths ∙ 2,215 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,215 Sqft ∙ Built 1994
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.87
    •  
  • 1720 Shady Leaf Dr Valrico, FL 2
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1986
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 2612 Crestfield Dr Valrico, FL 3
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1988
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.91
    •  
  • 1511 Holleman Dr Valrico, FL 5
    • 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 1987
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
PROPERTY LISTING DETAILS
Aaron Eshack
1.813.400.1395
Assist 2 Sell The Eshack Team
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283511
Last Updated: 01/08/2021
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