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4525 River Overlook Dr Valrico, FL 33596

4 Beds 3 Baths 2,380 sqft Built 2001

$345,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $144.96
  • 3 Days on Market
  • MLS # : T3278974
  • Updated Date : 12/04/2020 at 16:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,380 sqft
  • Baths : 3 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

YOU'VE GOT TO SEE THIS EXECUTIVE STYLE 4 bedroom, 3 bath, 3 car garage home in the highly sought out neighborhood of River Crossing Estates in Bloomingdale! This gorgeous home will check off all of your boxes! ***2020 NEW ROOF***NEWER A/C condensing unit & indoor coil***NEWER EXTERIOR PAINT***PLUS THERE IS NO CDD & LOW HOA FEES! As you enter through the double doors of the home, you'll notice the very high ceilings, the beautiful vinyl plank flooring and the stylish architectural touches that add a luxurious feel to the home. The home features a formal living and dining room with custom made Levolor blinds. The KITCHEN IS A DREAM with newer appliances, 42" cabinets, and LOTS of counter space for all of your cooking needs! There is an extra large pantry with restaurant quality shelving and a large breakfast bar that overlooks the family room, which is light and bright and inviting! There are sliders that open up to the lanai, making this a great home for entertaining! The LARGE MASTER RETREAT includes a WALK-IN CLOSET, LOTS OF WINDOWS which let in NATURAL LIGHT, and a GORGEOUS ENSUITE with dual sinks, new faucets, large jetted soaking tub and separate shower. On the other side of the home, two of the bedrooms share a bathroom (jack and jill set up) with a tub/shower combo, and the third bathroom is a pool bath. The inside laundry room has a utility sink and plenty of storage. There is ample storage throughout the home. Some of the other features include an irrigation system and saltless water softener. This community is close to EVERYTHING....shopping, grocery, restaurants, fast-food, hospitals, golf courses, several county parks, Brandon Town Center, YMCA, and EXCELLENT SCHOOLS!

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: 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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,273
Property Tax -$455
Property Insurance -$175
HOA -$19
Property Management Fees -$129
CASH FLOW
-$60

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.

$345,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$24,198

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,154

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,0003$2,0994$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 4525 River Overlook Dr Valrico, FL 1
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.84
    •  
  • 4611 River Overlook Dr Valrico, FL 2
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2000
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 4308 Arley Pl Valrico, FL 3
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1992
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.95
    •  
  • 4613 River Overlook Dr Valrico, FL 4
    • 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 1999
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 4512 River Overlook Dr Valrico, FL 5
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 1999
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.94
    •  
PROPERTY LISTING DETAILS
Rod Mayhew
1.813.758.0242
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278974
Last Updated: 12/04/2020
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