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10211 Holland Rd Riverview, FL 33578

4 Beds 3 Baths 2,575 sqft Built 2011

$320,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $124.27
  • 2 Days on Market
  • MLS # : T3287599
  • Updated Date : 01/30/2021 at 13:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,575 sqft
  • Baths : 3 full
Listing Agent

Mvp Realty Associates

Listing Agent's Description

Welcome to beautiful community of Avelar Creek North! This stunning 4 bedroom, 3 bathroom, 3 car garage is move-in ready and features tons of upgrades with a brand new roof! Right when you walk in, you're going to the love the tall ceilings with architectural arches that lead to the huge living and dining room. The island kitchen is a chef's dream! Recently upgraded and refinished with new white cabinets, granite countertops, and stainless steel appliances. Custom wood and trim work with crown molding adds a beautiful touch along the kitchen wall. The open floor plan looks out to the spacious living room and glass sliders with tons of natural lighting. The master bedroom features designer ceilings and hardwood floors throughout. Step your way into the master bathroom for dual vanity sinks, and separate shower and bath tub. All 3 guest rooms are a very good size and have wood floors as well. No carpet!! The screened-in lanai and fenced backyard is the perfect place to entertain family and friends! New upgrades include a brand new refrigerator, potassium water softener filter system, cabinet refinishing, cabinet LED lighting with crown molding, alarm system, paves and stone work and new exterior paint. Centrally located and very close to shopping and dining, highway 301 and 75. Come see this stunning home today! Will not last!

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
Collins Elementary School Primary Regular 1,081 72 5
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Collins Elementary School

  • Education Level: Primary
  • # of students: 1,081
  • # of teachers: 72
5
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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,111
Property Tax -$471
Property Insurance -$186
HOA -$17
Property Management Fees -$129
CASH FLOW
$105

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.

$320,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.63%

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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% 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 $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$31,598

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,009

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0203$2,0254$2,0255$2,050
$2,050
RENT COMPS ANALYSIS
  • 10211 Holland Rd Riverview, FL 2
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.78
    •  
  • 12832 Hampton Hill Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 2006
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 10206 Tapestry Key Ct Riverview, FL 3
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2008
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.81
    •  
  • 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
    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
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.80
    •  
PROPERTY LISTING DETAILS
Kenny Reisner
1.239.963.4499
Mvp Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287599
Last Updated: 01/30/2021
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