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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.
SEE MORE
- 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
* 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 | $1,760 |
| 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
| 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
$87,821
LOAN DETAILS
$1,076
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,425 |
| Loan Amount | $232,275 |
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
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LEASED 05/22/20- Rent
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- $1,595
- $0.84
-
11136 Rising Mist Blvd Riverview, FL 2
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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
1.813.435.5411
54 Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829157
Last Updated: 01/09/2021
