Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4304 Ellenville Pl Valrico, FL 33594

5 Beds 2 Baths 2,036 sqft Built 1987

$347,500

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $170.68
  • 3 Days on Market
  • MLS # : T3275929
  • Updated Date : 11/13/2020 at 14:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,036 sqft
  • Baths : 2 full
Listing Agent

Florida Executive Realty

Listing Agent's Description

Welcome home to the ideal Florida lifestyle living. Your future home has been meticulous kept and is move-in ready. Situated on LAKEFRONT property you will be able to relax on your screened lanai and enjoy the breathtaking views from your private pool. As you enter your front door you immediately surrounded by the vaulted ceils making your home feel massive. Continue walking through your home to be welcomed by the inviting wood-burning fireplace in the family room. Don’t want to miss out on the party? The kitchen allows you to entertain and not miss what is going on as it overlooks the family room. The master bedroom has its own sliding doors to access the great outdoor space and pool. With a split plan, the remaining three bedrooms will allow you to have your own place for relaxing. You won't have to worry about replacing your roof as it's only 4 years old. The AC system is 8 years old and is serviced regularly. This is a very rare opportunity you won't want to miss out on. Schedule your appointment today!!!

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
Cimino Elementary School Primary Regular 839 66 7
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Cimino Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 66
7
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
 

$312,750$382,250$347,500

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,282
Property Tax -$458
Property Insurance -$155
HOA -$3
Property Management Fees -$80
CASH FLOW
-$148

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.

$347,500

PROJECTED PRICE

$1,830

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$97,838

INVESTMENT

$97,838

Down Payment
$86,875
Rehab Estimate
$5,750
Closing Costs
$5,213

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,875
Loan Amount $260,625
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$15,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,899

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7353$1,8304$1,9955$2,099
$2,099
RENT COMPS ANALYSIS
  • 4304 Ellenville Pl Valrico, FL 3
    • 5 beds 2 baths ∙ 2,036 Sqft ∙ Built 1987 5 beds 2 baths ∙ 2,036 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.90
    •  
  • 4005 Orangefield Pl Valrico, FL 1
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1981
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 4116 Canoga Park Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1984
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.92
    •  
  • 1812 Vista River Dr Valrico, FL 4
    • 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1999
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 4308 Arley Pl Valrico, FL 5
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1992
    property image
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.95
    •  
PROPERTY LISTING DETAILS
Dan Kast
1.813.217.1181
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275929
Last Updated: 11/13/2020
BESbswy