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10444 Flagstaff Falls Ave Riverview, FL 33578

4 Beds 3 Baths 2,502 sqft Built 2015

$389,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

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!!!

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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
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

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

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

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
$1,750
1$1,7502$1,9003$1,9504$1,9955$2,160
$2,160
RENT COMPS ANALYSIS
  • 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
Adam Frye
1.813.309.5678
Atlas Real Estate Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282404
Last Updated: 01/05/2021
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