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450 Sand Ridge Dr Valrico, FL 33594

3 Beds 2 Baths 1,610 sqft Built 1998

$259,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $161.43
  • 2 Days on Market
  • MLS # : T3317577
  • Updated Date : 07/13/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Agent Trust Realty

Listing Agent's Description

Come see this beautifully maintained home in the amazing community of Brentwood Hills! This location is close just minutes from shopping, groceries, and anything you could possibly need! This home features a split floor plan with formal living room and dining room combo! vaulted ceilings really makes the finishing touch to give it that extra feeling of openness. Take a sip of coffee and enjoy outside views to your screened in patio from your HUGE kitchen which includes a nice island right in the middle. Relax in your nice and quiet spacious fenced in backyard to enjoy some privacy. Master bed and bath are to die for! So much room and finished off with his and her sinks, garden tub, stand up shower, and a separate private toilet. If that wasn't good enough, the home even has a **2 YEAR OLD BRAND NEW ROOF!** That already saves you thousands in preventative maintenance that you no longer have to do! Come schedule an appointment and see this home TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Brentwood Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k335k

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

Neighborhood: Brentwood Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781840

* 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
Brooker Elementary School Primary Regular 920 72 4
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Brooker Elementary School

  • Education Level: Primary
  • # of students: 920
  • # of teachers: 72
4
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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$903
Property Tax -$343
Property Insurance -$130
HOA -$52
Property Management Fees -$129
CASH FLOW
-$26

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.

$259,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$15,555

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5304$1,5955$1,845
$1,845
RENT COMPS ANALYSIS
  • 450 Sand Ridge Dr Valrico, FL 3
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.95
    •  
  • 422 Benson St Valrico, FL 1
    • 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1991
    property image
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
  • 519 Sonoma Dr Valrico, FL 2
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1996
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 537 Beth Ann St Valrico, FL 4
    • 4 beds 2 baths ∙ 1,566 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,566 Sqft ∙ Built 1994
    property image
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 903 Tuscanny St Brandon, FL 5
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1997
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.04
    •  
PROPERTY LISTING DETAILS
Chad Rivera
1.813.500.2279
Agent Trust Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3317577
Last Updated: 07/13/2021
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