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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $153.63
- 3 Days on Market
- MLS # : T3285073
- Updated Date : 01/16/2021 at 13:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,603 sqft
- Baths : 3 full
Listing Agent
Re/max Realty Unlimited
Listing Agent's Description
This beautiful well maintained home is still owned by the original homeowners in the highly desired Valrico neighborhood of Lithia Ridge. All original windows have been replaced with double glass windows, and high quality hurricane rated impact glass windows, to include the sliding glass doors for an additional level of security. The roof was replaced in 2013 with an anti-leak rubber mat underlayment material under the decorative architectural shingles. The entire air conditioning system was also upgraded in 2013 with an American Standard 5 ton 16 SEER (seasonal energy efficiency ratio) system. The entire home has been renovated with elegant neutral colored porcelain and ceramic tile floor. The kitchen was renovated with granite countertops, matching granite island, decorative stone backsplash, and a glass burner stove. The kitchen also features a built in desk, a large walk in pantry, and spacious wooden cabinets. All three bathrooms have been improved with new accessories, and the laundry and hallway bathroom have solar tubes for daytime bonus lighting. There is a large guest room with its own private full bathroom. This home´s exterior was painted in 2016, and has healthy manicured Saint Augustine turf with curbed florida friendly landscaping and white polyvinyl security and privacy fencing. There is a tile roofed-in lanai with a large spacious yard for a pool of your choice. The built in security system has sensors on every door and window in addition to motion and smoke detectors. Six inch deep rain gutters surround the entire house. A new hot water heater was installed in 2018 and garage has been freshly repainted This home is connected to county sewer system, NO septic tank! Pride of ownership is evident throughout this property. Lithia Ridge is a very well established and sought after neighborhood with beautiful oak trees that canopy many of the streets. At the entrance there is a large beautiful park with a lake, soccer field, beach volleyball and basketball courts, covered pavilion with picnic tables and a grill, and a large shaded playground. The A rated Lithia Springs Elementary School is in walking distance through the neighborhood park. Nearby Fishhawk Randall Middle School and Newsome High Schools are also “A” rated schools. HOA fees are only $27 per month, and there are no CDD fees. This move in ready home is a must see in a great community!
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
Zip Code: 33596
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33596
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,260 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$527 | |
| Property Insurance | -$188 | |
| HOA | -$27 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$0
|
||
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.
$399,900
PROJECTED PRICE
$2,260
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 5.0% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
6.25
YEARS SAVED
$28,675
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,271
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
4425 Gentrice Dr Valrico, FL 3
- 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $2,260
- $0.87
-
5306 Cedarshake Ln Valrico, FL 1
- 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1996
![property image]()
LEASED 01/30/20- Rent
- Rent Per SQFT
- $2,175
- $0.85
-
4704 Ranch Grove Ct Valrico, FL 2
- 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1997
![property image]()
LEASED 02/11/20- Rent
- Rent Per SQFT
- $2,200
- $0.84
-
5103 Twin Creeks Dr Valrico, FL 4
- 5 beds 3 baths ∙ 2,734 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,734 Sqft ∙ Built 1995
![property image]()
LEASED 07/03/20- Rent
- Rent Per SQFT
- $2,375
- $0.87
-
5213 Laurel Pointe Dr Valrico, FL 5
- 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1994
![property image]()
LEASED 02/06/20- Rent
- Rent Per SQFT
- $2,500
- $0.93
PROPERTY LISTING DETAILS
1.813.812.0162
Re/max Realty Unlimited
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285073
Last Updated: 01/16/2021
