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

10609 Egret Haven Ln Riverview, FL 33578

4 Beds 2 Baths 1,665 sqft Built 2001

$244,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k268k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: South Pointe of Tampa

NeighborhoodNIR 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
Collins Elementary School Primary Regular 1,081 72 5
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Collins Elementary School

  • Education Level: Primary
  • # of students: 1,081
  • # of teachers: 72
5
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$220,410$269,390$244,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,649

INVESTMENT

$70,649

Down Payment
$61,225
Rehab Estimate
$5,750
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

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
$1,480
1$1,4802$1,5503$1,5504$1,6005$1,675
$1,675
RENT COMPS ANALYSIS
  • 10609 Egret Haven Ln Riverview, FL 1
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.89
    •  
  • 10434 Whispering Hammock Dr Riverview, FL 2
    • 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 2015
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 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
    • Rent Per SQFT
    •  
    • $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
    • $0.90
    •  
  • 10612 Cami Ct Riverview, FL 5
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2000
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kevin Mcpherson
1.813.520.9622
Turning Leaf Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277096
Last Updated: 11/21/2020
BESbswy