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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $170.53
- 3 Days on Market
- MLS # : T3286450
- Updated Date : 01/23/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,700 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Make your appointment today to see this updated and move in ready pool home. The attention to detail and updates so impressive, you’ll think its straight off of HGTV. This lovely home features 3 bedrooms and 2 baths and an oversized 2 car garage. As you drive up you will be impressed with the beautiful curb appeal and large lot. The driveway has been extended for additional parking plus a second paved driveway to a covered parking area beyond the double gate. Once you enter through the double leaded doors you will love the gorgeous vinyl plank floors throughout the main living areas of this home. The open concept keeps you in all the action with the living, dining and extra sitting area/or dining room all open to the completely updated kitchen (2019). Gorgeous wood cabinets with soft touch features, high end granite counters, matching Stainless appliances, recessed lighting, a super long breakfast bar with updated lighting above, a huge butler’s pantry make this a chef's dream. Down the hall you will find the master bedroom with 2 closets, luxury vinyl plank flooring, tall windows allowing beautiful light in and an updated en-suite bath. The secondary bedrooms are respectable in size and have lovely laminate flooring, which means this home has NO carpet! Back through the French doors in the eat-in kitchen area you will find a huge screened in lanai with a covered area and a newly re-marcited (2019) saltwater pool. The back yard is completely fenced in to keep your four-legged family members contained. Beyond the lanai is a huge workshop plus a second shed and a firepit perfect for relaxing after a long day. Hot water heater replaced in 2018, exterior paint 2017 but looks fresh, upgraded electrical panel, and the home has been re-plumbed. All this and it’s in one of the most sought-after school zones in Hillsborough County. Close to great restaurants, new Publix, many fitness centers and more. Don’t wait!
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: Bloomingdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bloomingdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$382 | |
| Property Insurance | -$135 | |
| HOA | -$3 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$86
|
||
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.
$289,900
PROJECTED PRICE
$1,570
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
4.67
YEARS SAVED
$13,827
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,607
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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4005 Briarlake Dr Valrico, FL 1
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1979
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4005 Orangefield Pl Valrico, FL 2
- 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1981
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,595
- $0.87
-
719 Redondo Dr Brandon, FL 3
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1991
LEASED 02/06/20- Rent
- Rent Per SQFT
- $1,600
- $1.02
-
718 Fortuna Dr Brandon, FL 4
- 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1983
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,635
- $0.97
-
4116 Canoga Park Dr Brandon, FL 5
- 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1984
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,735
- $0.92
PROPERTY LISTING DETAILS
1.813.293.3603
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3286450
Last Updated: 01/23/2021
