Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $155.84
- 13 Days on Market
- MLS # : T3282404
- Updated Date : 01/05/2021 at 12:08
CONSTRUCTION
- Beds : 4
- Floor Size : 2,502 sqft
- Baths : 3 full
Listing Agent
Atlas Real Estate Llc
Listing Agent's Description
WELCOME HOME to the highly sought-after community of Waterstone Lakes!! If you enjoy a beautiful & tranquil environment but still want to be close to the heart of it all then look no further! This AMAZING Arlington Floorplan by Ryland Homes has 2500 square feet of living space. Some of the home’s features include: open floorplan , high ceilings throughout, a spacious master bedroom with large master bath and huge walk-in closet, 3 more large bedrooms one of which has an en suite full bath/pool bath for a total of 3 full baths, formal dining area, formal living room, large family room, upgraded ceramic tile and hardwood flooring in main living/high traffic areas, spacious kitchen with breakfast bar and dinette, granite countertops throughout, 42 inch solid wood cabinets with crown molding and a fantastic lake view that will knock your socks off. Ready to relax at the end of a busy day? Enjoy your covered, screened, oversized lanai overlooking a beautiful lake. Talk about an extension to your home’s living space, WOW, what a setup!! You have all the space you desire to entertain family and friends or just relax after a hard day’s work and enjoy a beautiful sunset. Also plenty of room if you decide to add a pool since you already have a true pool bath. See attached upgrades list for more included features. This beautiful home is a commuter’s dream, located near I-75 & US 301 for quick access to the MacDill, USF, downtown Tampa, sporting venues and the beaches, and its only minutes to the mall, movies and restaurants! IT’S JUST A GREAT HOME FOR AN EVEN BETTER PRICE!!!
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 | $2,160 |
| EXPENSES | Loan Payment | -$1,354 |
| Property Tax | -$537 | |
| Property Insurance | -$182 | |
| HOA | -$98 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$140
|
||
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.
$389,900
PROJECTED PRICE
$2,160
PROJECTED RENT
0.55%
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
$109,074
LOAN DETAILS
$1,354
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,475 |
| Loan Amount | $292,425 |
4.08
YEARS SAVED
$14,544
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,902
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
10444 Flagstaff Falls Ave Riverview, FL 5
- 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2015
![property image]()
- Rent
- Rent Per SQFT
- $2,160
- $0.86
-
10523 White Peacock Pl Riverview, FL 1
- 3 beds 3 baths ∙ 2,404 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,404 Sqft ∙ Built 2013
![property image]()
LEASED 05/16/20- Rent
- Rent Per SQFT
- $1,750
- $0.73
-
10332 Boggy Moss Dr Riverview, FL 2
- 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2017
![property image]()
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,900
- $0.73
-
10007 Crested Fringe Dr Riverview, FL 3
- 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2017
![property image]()
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,950
- $0.75
-
10522 White Peacock Pl Riverview, FL 4
- 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2013
![property image]()
LEASED 09/24/20- Rent
- Rent Per SQFT
- $1,995
- $0.83
PROPERTY LISTING DETAILS
1.813.309.5678
Atlas Real Estate Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282404
Last Updated: 01/05/2021
