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10607 Marsanne Pl 
Riverview, FL
33578
4 Beds 3 Baths 2,915 sqft
Built 2006
INVESTimate
$284,900
List Price
$81,249
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PROPERTY INFO
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!
SEE MORE
- 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
* 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$81,249
LOAN DETAILS
$1,051
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,225 |
| Loan Amount | $213,675 |
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
-
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
1.866.863.9005
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3260838
Last Updated: 08/25/2020
