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4505 Arizona Sun Ct Ct Valrico, FL 33594

3 Beds 2 Baths 1,550 sqft Built 2000

$226,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $145.81
  • 2 Days on Market
  • MLS # : T3279260
  • Updated Date : 12/05/2020 at 15:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,550 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This lovely 3 bd 2 ba home offers an open floor plan design and high ceilings. Once inside, you will enter into a tiled foyer. The tile flooring is a neutral shade that blends well with the overall colour scheme and runs through the hallway, secondary bathroom, and the kitchen. Granite countertops, solid wood cabinets, and a breakfast bar, perfect for entertaining, chatting with the chef, or enjoying a meal are only part of the charm of the kitchen. There is also recessed lighting and room for decorative pieces. The roomy, counter space lends itself well for meal prep or just grabbing a snack. A cozy dinette area has plenty of room for meal time gatherings or enjoying your favorite beverage. In the living room an electric fireplace adorns a wall and the ceilings are high. This provides the room with an open feel. Inside the master bedroom, there is a large, walk-in closet with plenty of space for clothing and storage. The master bathroom features a double sink with a granite countertop and a walk in shower. Closet space in the second and third bedrooms are spacious as well. All of the bedrooms and the major living areas have laminate floors for easy clean up. Next, step out through the sliding doors and onto a large, screened lanai which lead out to the fenced backyard. Imagine yourself outside enjoying the weather, relaxing with a good book, or having a barbecue. There is plenty of room on the lanai and endless possibilities for its use. The backyard is fully fenced and offers mature landscaping that has been carefully designed to provide a sense of calm and tranquility. A sprinkler system is installed in both the front and back. There is a two car garage with an attic that offers pull down stairs. This house has plenty of character and charm. Come schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: East County Civic Group

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: East County Civic Group

NeighborhoodNIR 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
Nelson Elementary School Primary Regular 838 60 5
Mulrennan Middle School Middle Regular 1,133 71 6
Durant High School High Regular 2,303 117 5

Nelson Elementary School

  • Education Level: Primary
  • # of students: 838
  • # of teachers: 60
5
GreatSchools Rating

Mulrennan Middle School

  • Education Level: Middle
  • # of students: 1,133
  • # of teachers: 71
6
GreatSchools Rating

Durant High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 117
5
GreatSchools Rating
 

$203,400$248,600$226,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$834
Property Tax -$298
Property Insurance -$126
HOA -$29
Property Management Fees -$129
CASH FLOW
$84

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.

$226,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,640

INVESTMENT

$65,640

Down Payment
$56,500
Rehab Estimate
$5,750
Closing Costs
$3,390

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,500
Loan Amount $169,500
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$29,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,523

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,4954$1,5005$1,660
$1,660
RENT COMPS ANALYSIS
  • 4505 Arizona Sun Ct Ct Valrico, FL 4
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 627 Cape Cod Cir Valrico, FL 1
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2000
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
  • 4618 Tucson Ct Valrico, FL 2
    • 4 beds 2 baths ∙ 1,485 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,485 Sqft ∙ Built 2000
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 920 Stallion Way Valrico, FL 3
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2000
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 844 Rocky Mountain Ct Valrico, FL 5
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 2000
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.98
    •  
PROPERTY LISTING DETAILS
Mary Ellen Carta
1.813.438.0749
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279260
Last Updated: 12/05/2020
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