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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $122.15
- 6 Days on Market
- MLS # : T3289483
- Updated Date : 02/10/2021 at 01:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,415 sqft
- Baths : 2 full , 1 half
Listing Agent
Bay Area Property Exchange, Llc
Listing Agent's Description
5 BEDROOMS 3 BATHROOMS IN THE SOUGHT AFTER COMMUNITY OF TWIN CREEKS THIS AMAZING HOME BOASTS OVER 2400 SQUARE FEET OF LIVING SPACE! The kitchen is every food lover’s dream with a center island, full-size pantry and onyx GE® appliances. The downstairs master suite provides complete privacy and space, with a huge walk-in closet as well as a his and hers vanity. The second floor has four additional bedrooms and a loft, perfect for accommodating and entertaining overnight guests. This home combines ample living space with convenience!! Commuters and explorers alike will appreciate the easy access to everywhere in Tampa Bay, with close proximity to I-75. Cool off in the swimming pool, or explore nearby parks and scenic trails. Schedule you showing today!
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
Zip Code: 33578
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33578
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$489 | |
| Property Insurance | -$177 | |
| HOA | -$28 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$92
|
||
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.
$295,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.2% |
| 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
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
7.5
YEARS SAVED
$27,957
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,896
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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10018 Rosemary Leaf Ln Riverview, FL 3
- 5 beds 3 baths ∙ 2,415 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,415 Sqft ∙ Built 2019
![property image]()
- Rent
- Rent Per SQFT
- $1,940
- $0.80
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10024 Rosemary Leaf Ln Riverview, FL 1
- 5 beds 3 baths ∙ 2,215 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,215 Sqft ∙ Built 2019
![property image]()
LEASED 01/16/21- Rent
- Rent Per SQFT
- $1,849
- $0.83
-
12832 Hampton Hill Dr Riverview, FL 2
- 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 2006
![property image]()
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,900
- $0.74
-
12618 Lemon Pepper Dr Riverview, FL 4
- 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2018
![property image]()
LEASED 09/24/20- Rent
- Rent Per SQFT
- $2,025
- $0.77
-
10225 Holland Rd Riverview, FL 5
- 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2014
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $2,050
- $0.80
PROPERTY LISTING DETAILS
1.813.368.0244
Bay Area Property Exchange, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3289483
Last Updated: 02/10/2021
