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5125 Fairway One Dr Valrico, FL 33596

4 Beds 3 Baths 2,494 sqft Built 2006

INVESTimate

$295,000

List Price

$2,200

$1,980 - $2,420

Rent Est.

$306,977  ( +4.06%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $118.28
  • 2 Days on Market
  • MLS # : T3260412
  • Updated Date : 08/25/2020 at 16:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,494 sqft
  • Baths : 3 full
Listing Agent

Signature Realty Associates

Listing Agent's Description

View the home virtually with this link: my.matterport.com/show/?m=MUD48n4hdb3&mls=1 Come and enjoy the maintenance free living in this wonderful enclave of homes in the Fairway One village of River Hills! This centrally located, golf community offers 24 hour guarded gate! Get ready to fall in love; this home features all the bells and whistles! From the moment you arrive, you will appreciate the details including extended driveway and side entry garage! Take one step inside and fall in love with the oversized tile flooring set on the diagonal, wide baseboards & soaring ceilings with transom windows flooding the living area with tons of natural light! Open concept floor plan keeps the kitchen and family room all open to each other, great for entertaining! Kitchen boasts 42-inch, rich Cherry cabinets, granite countertops, tile backsplash, stainless appliances, and a spacious eat-in breakfast nook! The family room is the heart of the home with sliders leading right out onto the screened and covered lanai! A separate formal dining room is accented with wainscoting and will be your favorite place to host friends and family! The first floor master suite offers a private exit onto this lovely lanai area and a spa-like en-suite boasting his and hers sinks, make-up vanity, garden tub, separate walk-in shower and huge walk-in closet! Upstairs you will find a lovely, open bonus space and three very large guest bedrooms! This small enclave of homes is completely maintenance free! Now THIS is living the good life! Zoned for wonderful schools, just minutes to some great restaurants and shoppes! Some of the wonderful amenities include miles of tree-lined walking trails, clubhouse with fitness center, tennis courts and of course a lovely community pool!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: River Hills Masters

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k439k

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

Neighborhood: River Hills Masters

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052355

* 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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,088
Property Tax -$409
Property Insurance -$181
HOA -$108
Property Management Fees -$80
CASH FLOW
$334

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.

$295,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.06%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$62,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,238

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2003$2,2004$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 5125 Fairway One Dr Valrico, 5
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 4008 Canter Ct Valrico, 1
    • 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1994
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
  • 5141 Fairway One Dr Valrico, 2
    • 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1992
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 4704 Ranch Grove Ct Valrico, 3
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1997
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 3302 Fox Squirrel Ln Valrico, 4
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 1994
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Brenda Wade
1.813.655.5333
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260412
Last Updated: 08/25/2020
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