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4005 Briarlake Dr Valrico, FL 33596

3 Beds 2 Baths 1,700 sqft Built 1979

$289,900

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

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
$1,570
1$1,5702$1,5953$1,6004$1,6355$1,735
$1,735
RENT COMPS ANALYSIS
  • 4005 Briarlake Dr Valrico, FL 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.92
    •  
  • 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
Daniel Henzler
1.813.293.3603
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286450
Last Updated: 01/23/2021
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