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712 Valrico Hills Ln Valrico, FL 33594

4 Beds 4 Baths 2,980 sqft Built 2005

$324,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $109.03
  • 6 Days on Market
  • MLS # : T3275135
  • Updated Date : 11/18/2020 at 11:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,980 sqft
  • Baths : 3 full , 1 half
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Beautiful, spacious, fenced home on over a quarter acre lot!! This home boast with character. Come see this very desirable, great location, 4 bedroom 3 1/2 bath homes with a large bonus room, located in the established community of Valrico Heights Estates Sub Division with no CDD fees. This hard to find home features a huge privately fenced back yard with a fire pit, large screened in lanai, two master suits, upgraded tile and laminate throughout the common areas and upgraded carpet in all bedrooms, french doors entering the front door and the back door, leading out to the pavered screened in lanai overlooking the large back yard. This home offers a large formal living and dining room with a separate family room. The home shows pride of ownership and has been maintained very well. The home is conveniently located to entertainment, restaurants, shopping, and schools! Must see!! Do not disturb Tenant.

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

Zip Code: 33594

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33594

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Valrico Elementary School Primary Regular 821 62 8
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Valrico Elementary School

  • Education Level: Primary
  • # of students: 821
  • # of teachers: 62
8
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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,199
Property Tax -$439
Property Insurance -$210
HOA -$28
Property Management Fees -$80
CASH FLOW
$224

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.

$324,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.0%
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$1.0M$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

9.75

YEARS SAVED

$53,173

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,354

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1453$2,1804$2,4505$2,750
$2,750
RENT COMPS ANALYSIS
  • 712 Valrico Hills Ln Valrico, FL 3
    • 4 beds 4 baths ∙ 2,980 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,980 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.73
    •  
  • 212 Westchester Hills Ln Valrico, FL 1
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2011
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
  • 1433 Main St Valrico, FL 2
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2010
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.80
    •  
  • 2405 Blue Stone Ct Valrico, FL 4
    • 4 beds 4 baths ∙ 3,135 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,135 Sqft ∙ Built 2004
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.78
    •  
  • 903 Arista Blvd Valrico, FL 5
    • 5 beds 4 baths ∙ 3,302 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,302 Sqft ∙ Built 2005
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.83
    •  
PROPERTY LISTING DETAILS
Tammy Keller
1.813.917.1246
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275135
Last Updated: 11/18/2020
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