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4425 Gentrice Dr Valrico, FL 33596

4 Beds 3 Baths 2,603 sqft Built 1997

$399,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
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!

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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

Zip Code: 33596

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k369k

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

Zip Code: 33596

ZipNIR 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
Lithia Springs Elementary School Primary Regular 597 47 8
Randall Middle School Middle Regular 1,345 76 9
Newsome High School High Regular 2,469 125 9

Lithia Springs Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 47
8
GreatSchools Rating

Randall Middle School

  • Education Level: Middle
  • # of students: 1,345
  • # of teachers: 76
9
GreatSchools Rating

Newsome High School

  • Education Level: High
  • # of students: 2,469
  • # of teachers: 125
9
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

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
$2,175
1$2,1752$2,2003$2,2604$2,3755$2,500
$2,500
RENT COMPS ANALYSIS
  • 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
Bradley Livingston
1.813.812.0162
Re/max Realty Unlimited
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285073
Last Updated: 01/16/2021
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