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10406 Laguna Plains Dr Riverview, FL 33578

4 Beds 2 Baths 2,014 sqft Built 2016

$309,700

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $153.77
  • 30 Days on Market
  • MLS # : W7829157
  • Updated Date : 01/09/2021 at 12:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,014 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

One or more photo(s) has been virtually staged. Beautiful 4 bedroom, 2 bathroom, single-story home in Riverview. Upon arriving at this home, you are welcomed into a foyer and entry hall that continues into the kitchen and formal dining room. The spacious kitchen boasts granite countertops, stainless steel appliances, wood cabinets, a large breakfast bar, and stylish subway tile backsplash. Adjacent to the kitchen, you have a large family room with a sliding door that leads out to the patio area. The primary bedroom, in the rear of the home, features high ceilings with fan, picture windows for natural light, large walk-in closet, and an en suite bathroom with a dual sink vanity, soaking tub, and a walk-in shower. This home is complete with 3 additional bedrooms and a full guest bathroom. Conveniently located in Riverview, this home is convenient to Highway 301 and I-75, making for an easy commute into Tampa, Brandon, or Sarasota.

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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

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
Sessums Elementary School Primary Regular 951 70 6
Rodgers Middle School Middle Regular 719 49 3
Spoto High School High Regular 1,449 88 3

Sessums Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 70
6
GreatSchools Rating

Rodgers Middle School

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 49
3
GreatSchools Rating

Spoto High School

  • Education Level: High
  • # of students: 1,449
  • # of teachers: 88
3
GreatSchools Rating
 

$278,730$340,670$309,700

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,076
Property Tax -$431
Property Insurance -$153
HOA -$72
Property Management Fees -$129
CASH FLOW
-$101

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.

$309,700

PROJECTED PRICE

$1,760

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

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

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$87,821

INVESTMENT

$87,821

Down Payment
$77,425
Rehab Estimate
$5,750
Closing Costs
$4,646

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $77,425
Loan Amount $232,275
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,767

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,7604$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 10406 Laguna Plains Dr Riverview, FL 3
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.87
    •  
  • 10011 Crested Fringe Dr Riverview, FL 1
    • 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2016
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 11136 Rising Mist Blvd Riverview, FL 2
    • 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 2005
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 10504 Lakeside Vista Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2005
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 10515 Lakeside Vista Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 2004
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829157
Last Updated: 01/09/2021
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