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4412 Winding River Dr Valrico, FL 33596

5 Beds 3 Baths 2,450 sqft Built 1997

$415,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
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!!

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MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k388k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Estates at River Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052080

* 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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

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
$2,100
1$2,1002$2,2003$2,3004$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 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
Andrew Duncan
1.813.501.3939
Re/max Dynamic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287907
Last Updated: 02/05/2021
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