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524 Napa Valley Cir Valrico, FL 33594

3 Beds 2 Baths 1,440 sqft Built 1997

$235,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k335k

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

Neighborhood: Brandon Brook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441840

* 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
Yates Elementary School Primary Regular 727 57 2
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Yates Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 57
2
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Brandon High School

  • Education Level: High
  • # of students: 1,864
  • # of teachers: 116
4
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

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
$1,370
1$1,3702$1,4453$1,4504$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 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
Mariam Serra
1.813.504.0157
Avenue Homes Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278071
Last Updated: 11/28/2020
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