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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $173.34
- 4 Days on Market
- MLS # : U8110038
- Updated Date : 01/21/2021 at 15:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,673 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
POOL HOME! No HOA, No CDD, No Carpet, No Flood Insurance, Roof 2017, AC 2020... What more could you want? Walk into this well maintained home that features a Formal living room, dining room AND family room. Beautiful wood look tile throughout the kitchen, laundry, bathrooms and bedrooms. The kitchen features granite countertops and the perfect view of the pool and backyard! The guest bathroom has an updated vanity with 2 sinks. The wood deck in the backyard is perfect for entertaining by the pool! The big ticket items are taken care of, move right in and make yourself at home!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East County Civic Group
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$382 | |
| Property Insurance | -$134 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$38
|
||
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.
$290,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
7.17
YEARS SAVED
$24,987
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,502
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3808 Upland Pl Valrico, FL 3
- 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $1,690
- $1.01
-
3823 Ravenna Dr Valrico, FL 1
- 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1974
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,400
- $0.85
-
3814 Treadway Dr Valrico, FL 2
- 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 1974
LEASED 03/24/20- Rent
- Rent Per SQFT
- $1,635
- $0.87
-
4408 Pawnee Path Valrico, FL 4
- 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1978
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,695
- $1.01
-
3814 Ravenna Dr Valrico, FL 5
- 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 1974
LEASED 08/04/20- Rent
- Rent Per SQFT
- $1,700
- $0.86
PROPERTY LISTING DETAILS
1.727.420.9551
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8110038
Last Updated: 01/21/2021
