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PROPERTY INFO
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
- #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 | $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
| 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
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
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
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12832 Hampton Hill Dr Riverview, FL 1
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LEASED 07/11/20- Rent
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- $1,900
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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
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- $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
1.239.963.4499
Mvp Realty Associates
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3287599
Last Updated: 01/30/2021
