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5046 Valimor Dr Holiday, FL 34690

3 Beds 2 Baths 1,004 sqft Built 1969

$159,000

List Price

$950

$855 - $1K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $158.37
  • 8 Days on Market
  • MLS # : W7829945
  • Updated Date : 01/23/2021 at 09:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,004 sqft
  • Baths : 1 full , 1 half
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Welcome to your new home! This three bedroom two bath home has a bonus room you can make into a 4th bedroom. The kitchen has; dishwasher, wall oven, stove top and refrigerator. The large deck out back is good for entertaining or just relaxing! Enjoy the convenience of a great location in close proximity to the beaches, parks, shopping, out door cafes, places of worship, medical facilities and an easy commute to the airports. The owner has a portfolio of properties he is selling. Have your agent call for more information.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Colonial Manor

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $44k238k

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

Neighborhood: Colonial Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5501590

* 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
Anclote Elementary School Primary Regular 606 45 2
Paul R. Smith Middle School Middle Regular 1,030 69 3
Anclote High School High Regular 1,381 78 4

Anclote Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 45
2
GreatSchools Rating

Paul R. Smith Middle School

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 69
3
GreatSchools Rating

Anclote High School

  • Education Level: High
  • # of students: 1,381
  • # of teachers: 78
4
GreatSchools Rating
 

$143,100$174,900$159,000

PURCHASE PRICE

$855$1,045$950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $950
EXPENSES Loan Payment -$552
Property Tax -$177
Property Insurance -$94
Property Management Fees -$129
CASH FLOW
-$3

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.

$159,000

PROJECTED PRICE

$950

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,885

INVESTMENT

$47,885

Down Payment
$39,750
Rehab Estimate
$5,750
Closing Costs
$2,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$552

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $39,750
Loan Amount $119,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$10,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $950

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,009

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9953$1,1004$1,1005$1,250
$1,250
RENT COMPS ANALYSIS
  • 5046 Valimor Dr Holiday, FL 1
    • 3 beds 2 baths ∙ 1,004 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,004 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.95
    •  
  • 3535 Connon Dr New Port Richey, FL 2
    • 3 beds 2 baths ∙ 996 Sqft ∙ Built 1965 3 beds 2 baths ∙ 996 Sqft ∙ Built 1965
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $1.00
    •  
  • 4712 Darlington Rd Holiday, FL 3
    • 3 beds 1 baths ∙ 1,104 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,104 Sqft ∙ Built 1963
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.00
    •  
  • 2527 Cheval Dr Holiday, FL 4
    • 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1965
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.00
    •  
  • 3324 Bedford St Holiday, FL 5
    • 4 beds 1 baths ∙ 1,230 Sqft ∙ Built 1966 4 beds 1 baths ∙ 1,230 Sqft ∙ Built 1966
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
PROPERTY LISTING DETAILS
Gail Small
1.727.455.3057
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829945
Last Updated: 01/23/2021
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