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5633 Rockfield Loop Valrico, FL 33596

3 Beds 2 Baths 2,042 sqft Built 1999

$319,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $156.66
  • 2 Days on Market
  • MLS # : T3285321
  • Updated Date : 01/17/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,042 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

Vacant and Move-in ready! Take a look at this 3 bedroom PLUS den home in the gated golf community of River Hills. Refreshed with new interior and exterior paint and new carpet in bedrooms. Kitchen features shaker cabinets, SS appliances, Gas range, Corian tops and overlooks the light and bright family room. Three way split puts a private office at the front while secondary bedrooms are down their own private hallway. Master is at the rear of the home with access to the covered and screened lanai. Master bath has been updated with new floor tile, granite tops and a barn door. Double sinks, separate tub/ shower, enclosed water closet and large walk in closet make this the perfect retreat. This ¼ acre lot is one the deepest (216’ deep per co records) in neighborhood! River Hills has two 24/7 guard gates, top rated golf course, miles of walking trails, playgrounds, fitness center, tennis courts, pool and plenty of community activities all with NO CDD fees. Take a look today before its gone!

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: 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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,111
Property Tax -$422
Property Insurance -$155
HOA -$163
Property Management Fees -$129
CASH FLOW
-$30

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.

$319,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9503$1,9994$2,0205$2,300
$2,300
RENT COMPS ANALYSIS
  • 5633 Rockfield Loop Valrico, FL 2
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 3227 Stonebridge Trl Valrico, FL 1
    • 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2002
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.93
    •  
  • 3122 Bent Creek Dr Valrico, FL 3
    • 3 beds 3 baths ∙ 2,045 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,045 Sqft ∙ Built 1995
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.98
    •  
  • 3050 Beaver Pond Trl Valrico, FL 4
    • 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1997
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.97
    •  
  • 3005 Bent Creek Dr Valrico, FL 5
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1995
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Rob Jones
1.813.534.6326
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285321
Last Updated: 01/17/2021
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