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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $169.39
- 4 Days on Market
- MLS # : T3287907
- Updated Date : 02/05/2021 at 17:02
CONSTRUCTION
- Beds : 5
- Floor Size : 2,450 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Dynamic
Listing Agent's Description
SPECTACULAR, ONE OF KIND 2,450 SqFt, 5 bedroom, 2.5 bathroom, 2-car garage 2-story home, is nestled within the WELL-ESTABLISHED community of River Crossing Estates. Tucked away on a quiet lot, situated on almost ¼ ACRE, you will embrace the PRIVATE & PEACEFUL setting with impressive ENHANCED landscaping. When you first enter this BEAUTY, your attention will immediately be drawn to SOARING HIGH ceilings, LARGE windows, and ENORMOUS family room. The LARGE family room boasts SLIDING GLASS doors that lead to the backyard. SPACIOUS kitchen boasts NEWER STAINLESS STEEL appliances (5yrs), a breakfast bar, and crisp white cabinetry, all of which flows beautifully into the family room. The laundry room is also nestled off of the kitchen near the door to the garage. The first floor also features one guest bedroom, as well as the master bedroom. The master suite boasts a LARGE WALK-IN CLOSET, as well as an EN SUITE bathroom with a WALK-IN shower, a GARDEN tub, a water closet, and DUAL VANITIES!! The master bedroom also offers SLIDERS that lead to the backyard. The second floor boasts a LOFT, as well as one of the full bathrooms, and the additional three bedrooms, which are bright, and offer ample space. The HUGE backyard features 6-foot fencing enclosing it, as well as a PATIO with a 4ft fence around most of it! In addition, this home has a NEW water heater, a NEWER A/C (3yrs), and the roof is 7 years old. Exceptional home in highly sought-after Valrico with a LOW HOA, close to great entertainment, schools, shopping, dining, & minutes to FL-60, US-301, and I-75. Come BUY THIS HOME NOW because it WILL SELL FAST!!
SEE MORE
- 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: Estates at River Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estates at River Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$547 | |
| Property Insurance | -$179 | |
| HOA | -$21 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$117
|
||
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.
$415,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 4.1% |
| 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
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
4.58
YEARS SAVED
$19,650
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,377
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
4412 Winding River Dr Valrico, FL 2
- 5 beds 3 baths ∙ 2,450 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,450 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,200
- $0.90
-
4511 Oak River Cir Valrico, FL 1
- 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 1993
LEASED 11/08/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
-
1511 Holleman Dr Valrico, FL 3
- 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 1987
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.95
-
2257 Eagle Bluff Dr Valrico, FL 4
- 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1994
LEASED 08/22/20- Rent
- Rent Per SQFT
- $2,495
- $1.02
-
1525 Crooked Stick Dr Valrico, FL 5
- 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2000
LEASED 02/13/20- Rent
- Rent Per SQFT
- $2,600
- $0.98
PROPERTY LISTING DETAILS
1.813.501.3939
Re/max Dynamic
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3287907
Last Updated: 02/05/2021
