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10613 Egret Haven Ln Riverview, FL 33578

4 Beds 2 Baths 1,936 sqft Built 2002

$265,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $136.88
  • 2 Days on Market
  • MLS # : T3288762
  • Updated Date : 02/06/2021 at 00:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,936 sqft
  • Baths : 2 full
Listing Agent

Florida Executive Realty

Listing Agent's Description

***WELCOME to the DESIRABLE COMMUNITY of SOUTH POINTE!!*** 4 Bedroom/2 Bath/2 Car Garage PLUS NO BACKYARD NEIGHBORS** Whether you're looking for a GREAT STARTER HOME or Wanting to DOWNSIZE... This HOME HAS IT! **ONE OWNER, WELL TAKEN CARE OF HOME that is MOVE-IN READY**

SEE MORE

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

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$920
Property Tax -$365
Property Insurance -$149
HOA -$47
Property Management Fees -$129
CASH FLOW
-$10

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.

$265,000

PROJECTED PRICE

$1,600

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$900k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$17,042

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,723

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6494$1,7505$1,785
$1,785
RENT COMPS ANALYSIS
  • 10613 Egret Haven Ln Riverview, FL 2
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 10536 Rhodine Rd Riverview, FL 1
    • 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
    •  
  • 10625 Egret Haven Ln Riverview, FL 3
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 2002
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.90
    •  
  • 10631 Egret Haven Ln Riverview, FL 4
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2002
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 12017 Suburban Sunrise St Riverview, FL 5
    • 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2017
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.86
    •  
PROPERTY LISTING DETAILS
Chris Morris
1.813.327.7807
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288762
Last Updated: 02/06/2021
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