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10018 Rosemary Leaf Ln Riverview, FL 33578

5 Beds 3 Baths 2,415 sqft Built 2019

$295,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
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

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

Zip Code: 33578

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k268k

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

Zip Code: 33578

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8781726

* 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
Summerfield Crossings Elementary School Primary Regular 915 62 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Summerfield Crossings Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 62
3
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

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
$1,849
1$1,8492$1,9003$1,9404$2,0255$2,050
$2,050
RENT COMPS ANALYSIS
  • 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
    •  
  • 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
Shenita Mann
1.813.368.0244
Bay Area Property Exchange, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289483
Last Updated: 02/10/2021
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