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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $163.19
- 3 Days on Market
- MLS # : T3278071
- Updated Date : 11/28/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,440 sqft
- Baths : 2 full
Listing Agent
Avenue Homes Llc
Listing Agent's Description
Brilliant and Vibrant Home in Valrico! Supremely situated on a beautifully, manicured 0.13-acre lot, this sizeable 3BR/2BA, 1,440sqft home offers convenience, function, and modern style. Beautifully constructed in 1997, the chic gray exterior offers contemporary vibes, while the meticulous and vivid landscaping conveys warmth and dynamic charm. Enter the spacious interior to find an intelligent floor plan, curving walls, plush carpet, thick bright baseboards, luminous natural light, neutral hues, and high ceilings. Discover a generously sized kitchen, which features ample cabinetry, sprawling countertops, side-by-side refrigerator, built-in microwave, dishwasher, pantry, and trendy wood-toned flooring. Entertainment-ready, the family room has sliding glass doors to the backyard and makes an ideal place to gather for holiday parties, weekend movie nights, or birthday festivities. Invite family and friends over for summertime barbecues in the backyard, featuring a large patio and an expansive green space! Evening serenity in the master bedroom comes easily with grand space, high vaulted ceilings, a generously sized closet, and an en suite which includes a dual vanity and a shower/tub combo. Both additional bedrooms are sizeable and share a full bathroom with a shower/tub combo. Other features: attached 2-car garage, laundry room w/shelving, storage throughout, community pool, close to shopping, restaurants, and schools, and much more! With tons to offer, this turnkey home will not last long. Start living the good life today! Call now for an exclusive and private showing!
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Brandon Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brandon Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$310 | |
| Property Insurance | -$120 | |
| HOA | -$62 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$68
|
||
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.
$235,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 10.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
4.5
YEARS SAVED
$12,425
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,436
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
524 Napa Valley Cir Valrico, FL 1
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,370
- $0.95
-
1903 Ellington Ct Valrico, FL 2
- 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1993
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,445
- $1.01
-
520 Center Point Rd Valrico, FL 3
- 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1995
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,450
- $1.04
-
519 Sonoma Dr Valrico, FL 4
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1996
LEASED 08/02/20- Rent
- Rent Per SQFT
- $1,495
- $0.95
-
603 Sand Ridge Dr Valrico, FL 5
- 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1990
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,500
- $0.99
PROPERTY LISTING DETAILS
1.813.504.0157
Avenue Homes Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3278071
Last Updated: 11/28/2020
