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10607 Marsanne Pl Riverview, FL 33578

4 Beds 3 Baths 2,915 sqft Built 2006

INVESTimate

$284,900

List Price

$1,980

$1,782 - $2,178

Rent Est.

$299,572  ( +5.15%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $97.74
  • 3 Days on Market
  • MLS # : T3260838
  • Updated Date : 08/25/2020 at 18:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,915 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Newly Painted/Landscaped 4 Bed/2.5 Bath Home with 2,915 Sq. Ft. in the Heart of Riverview! Property has a Private Backyard (No Backyard Neighbors) and is fully fenced with Privacy Fencing. House has been completely repainted on the interior and all tubs/showers have been newly resurfaced. Kitchen has Custom Cabinetry with Crown Moulding, Oversize Center Island, Stainless Appliances, and Granite Countertops. Large utility room that is right off of the garage has plenty of space for storage as well.  Home has a Living Room, Family Room, and a Large Upstairs Loft-all perfect for entertaining and family gatherings.  There is Brand New Exterior Landscaping which leads up to the Designer Glass Entry Door.  Home is centrally located near Brandon/Lake St. Charles-just off the Hwy. 301 Exit on I-75 and less than 10 minutes from the Selmon Expressway-can be to Downtown Tampa in 20 minutes or less. House is on R  Tampa International Airport/Busch Gardens are 30 Minutes Away and Famous Gulf of Mexico Beaches(Clearwater, St. Pete, etc.) are just 45 minutes away.  Also, Home is less than 90 minutes away from Orlando and all of its attractions(Disney, Universal, Sea World, etc.) Amazing Home in Great Location with No CDD Fees and Close to Everything Central Florida has to offer!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Riverview Elementary School Primary Regular 622 54 5
Giunta Middle School Middle Regular 951 61 1
Spoto High School High Regular 1,449 88 3

Riverview Elementary School

  • Education Level: Primary
  • # of students: 622
  • # of teachers: 54
5
GreatSchools Rating

Giunta Middle School

  • Education Level: Middle
  • # of students: 951
  • # of teachers: 61
1
GreatSchools Rating

Spoto High School

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

$256,410$313,390$284,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,051
Property Tax -$423
Property Insurance -$206
HOA -$75
Property Management Fees -$80
CASH FLOW
$144

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.

$284,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.15%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$38,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,143

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9803$2,0004$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 10607 Marsanne Pl Riverview, 2
    • 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.68
    •  
  • 6119 Magnolia Park Blvd Riverview, 1
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2013
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.72
    •  
  • 10427 Waterstone Dr Riverview, 3
    • 5 beds 3 baths ∙ 2,612 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,612 Sqft ∙ Built 2014
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 10406 Waterstone Dr Riverview, 4
    • 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2013
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 8624 Turnstone Shore Ln Riverview, 5
    • 5 beds 3 baths ∙ 3,259 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,259 Sqft ∙ Built 2010
    LEASED 07/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.72
    •  
PROPERTY LISTING DETAILS
Tony Baroni
1.866.863.9005
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260838
Last Updated: 08/25/2020
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