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10421 Fly Fishing St Riverview, FL 33569

4 Beds 4 Baths 2,983 sqft Built 2004

$299,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $100.23
  • 2 Days on Market
  • MLS # : T3272721
  • Updated Date : 11/02/2020 at 18:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,983 sqft
  • Baths : 3 full , 1 half
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

This beautiful home located at Boyette Creek Community features 4bdr/3.5 baths with brand new kitchen with granite counter tops all new stainless steel appliances. All bathrooms have new vanities and new flooring. All bedrooms have new carpet, All new ceiling fans and light fixtures throughout. Home as been completely painted inside and out, New irrigation system and sod. This home is ready move in!!! and is a must SEE! Please schedule your viewing today.

SEE MORE

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

Neighborhood: Boyette

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Boyette

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Boyette Springs Elementary School Primary Regular 559 41 6
Barrington Middle School Middle Regular 1,227 70 6
Newsome High School High Regular 2,469 125 9

Boyette Springs Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 41
6
GreatSchools Rating

Barrington Middle School

  • Education Level: Middle
  • # of students: 1,227
  • # of teachers: 70
6
GreatSchools Rating

Newsome High School

  • Education Level: High
  • # of students: 2,469
  • # of teachers: 125
9
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,103
Property Tax -$412
Property Insurance -$210
HOA -$18
Property Management Fees -$80
CASH FLOW
$7

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.

$299,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$25,755

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,902

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,7753$1,7754$1,8305$1,895
$1,895
RENT COMPS ANALYSIS
  • 10421 Fly Fishing St Riverview, FL 4
    • 4 beds 4 baths ∙ 2,983 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,983 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.61
    •  
  • 10316 River Bream Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2004
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.63
    •  
  • 10305 Boyette Creek Blvd Riverview, FL 2
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2004
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.63
    •  
  • 10406 Fly Fishing St Riverview, FL 3
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2004
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.63
    •  
  • 13605 Botany Bay Ct Riverview, FL 5
    • 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 2005
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.66
    •  
PROPERTY LISTING DETAILS
Vitor Coelho
1.813.545.1608
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3272721
Last Updated: 11/02/2020
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