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820 Innergary Pl Valrico, FL 33594

4 Beds 3 Baths 2,086 sqft Built 2002

$309,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $148.56
  • 7 Days on Market
  • MLS # : T3282950
  • Updated Date : 01/09/2021 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,086 sqft
  • Baths : 3 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Right in the heart of Valrico, so close to shopping and entertainment as well as quick access to SR-60, I-75, and the CrossTown! This SOLAR HOME has a NEW ROOF IN 2019 with a low HOA and NO CDD! Approaching the home, you are greeted by the mature, lush landscaping with a lovely walkway to the entry with an arched window above, allowing plenty of light to enter the home! Once you step through the front door you will appreciate the RECENT & MODERN neutral paint color, soaring ceilings, and natural light that shine throughout the home! The formal living room has its own set of sliders out to the screened Lanai! The formal dining room with a stunning arched window is adjacent, making this the perfect area in the home to entertain your guests! Move forward into the marvelous kitchen with granite countertops, breakfast bar seating, plenty of cabinet space, and stainless appliances! This kitchen has plenty of storage and will please any chef in the family! The dinette is open to the kitchen and family room, making casual weekday meals a breeze! The family room has another wall of dual sliders leading out to the lanai! One of the very BEST features of this home is the SPLIT FLOOR PLAN! The master suite is secluded on one side of the home featuring plant shelves, its own set of sliders out to the lanai, his and her closets, and a luxurious en-suite boasting separate vanities with modern sinks, soaking tub, and separate walk-in shower! Three more generously sized bedrooms on the other side of the home share two bathrooms with modern sinks and even have their own exit to the Lanai, which would make a perfect pool bath if so desired! Step outside to the screened-in Lanai which has plenty of space to spend time with friends and family while overlooking the luscious backyard! The backyard features mature landscaping, a convenient storage shed as well as plenty of space for the kids and pets to play! Seller is leaving the pre-wired security cameras for your convenience. (not warranted) If you’re looking for a home that checks all of your boxes with great Top-rated schools, schedule a private tour today! This one will have you packing your bags, ready to move!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Innergary Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k335k

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

Neighborhood: Innergary Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781895

* 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
Mulrennan Middle School Middle Regular 1,133 71 6
Durant High School High Regular 2,303 117 5

Valrico Elementary School

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

Mulrennan Middle School

  • Education Level: Middle
  • # of students: 1,133
  • # of teachers: 71
6
GreatSchools Rating

Durant High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 117
5
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,076
Property Tax -$409
Property Insurance -$158
HOA -$19
Property Management Fees -$129
CASH FLOW
$20

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.

$309,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.0%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$23,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,810

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8104$1,9255$1,945
$1,945
RENT COMPS ANALYSIS
  • 820 Innergary Pl Valrico, FL 3
    • 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.87
    •  
  • 1604 Powder Ridge Dr Valrico, FL 1
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1992
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 1808 Erin Brooke Dr Valrico, FL 2
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 1997
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 1016 Sweet Breeze Dr Valrico, FL 4
    • 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 2003
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.86
    •  
  • 2742 Abbey Grove Dr Valrico, FL 5
    • 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 2004
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.93
    •  
PROPERTY LISTING DETAILS
Nicole Stilwill
1.813.569.9893
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282950
Last Updated: 01/09/2021
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