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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $147.09
- 2 Days on Market
- MLS # : T3277096
- Updated Date : 11/21/2020 at 19:46
CONSTRUCTION
- Beds : 4
- Floor Size : 1,665 sqft
- Baths : 2 full
Listing Agent
Turning Leaf Realty
Listing Agent's Description
The time is ticking! Don't miss out on this gorgeous FULLY FENCED 4 bed/2 bath/2 car garage home located in the fabulous South Pointe neighborhood. What a great opportunity to own a home with NO CDD and LOW HOA! The split floor plan is perfect to fit all of your wants and needs in a home. Cooking will be a breeze in this kitchen with all stainless-steel appliances, an eat-in area, tons of storage, and a pantry! The living/dining room combo maximizes the perfect amount of space to enjoy and entertain! The open and airy owner's suite situated alone on one side of the home providing a walk-in closet, an en-suite bathroom with dual sinks, a walk-in shower, and a garden tub. The 3 additional bedrooms are spacious and have new laminate flooring. Plenty of benefits to the home include High ceilings, new paint on the inside and outside of the home, new flooring, a new garage door opener, and more! This wonderful South Pointe community boasts TWO community swimming pools, clubhouse, and playground! South Pointe is nestled in the perfect location with easy access to Hwy 301, I-75, US 41, Crosstown Expwy, Brandon Mall and not too far from some of Florida's highly desired attractions including Disney, Clearwater, Orlando, and the award-winning Siesta Key Beach!
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: South Pointe of Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Pointe of Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$337 | |
| Property Insurance | -$133 | |
| HOA | -$48 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$22
|
||
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.
$244,900
PROJECTED PRICE
$1,480
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.9% |
| 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
$70,649
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,225 |
| Loan Amount | $183,675 |
5.58
YEARS SAVED
$17,527
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,561
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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10434 Whispering Hammock Dr Riverview, FL 2
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- $1,550
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10520 Egret Haven Ln Riverview, FL 3
- 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001
LEASED 02/28/20- Rent
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- $1,550
- $0.93
-
10536 Rhodine Rd Riverview, FL 4
- 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2016
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,600
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10612 Cami Ct Riverview, FL 5
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LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,675
- $1.01
PROPERTY LISTING DETAILS
1.813.520.9622
Turning Leaf Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277096
Last Updated: 11/21/2020
