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10637 Park Meadowbrooke Dr Riverview, FL 33578

5 Beds 3 Baths 2,674 sqft Built 2017

$335,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $125.28
  • 3 Days on Market
  • MLS # : T3286463
  • Updated Date : 01/24/2021 at 00:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,674 sqft
  • Baths : 3 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

NEW NEW NEW! Welcome home to this beautiful 5 Bedroom 3 bath almost 2,700 square foot SMART house! Located in the highly sought after neighborhood of Park Creek, this beautiful house has brand new flooring in the Dining Room, Great Room, Hallways, and Bedrooms! The interior has been freshly painted. Gorgeous high end back splash makes this kitchen with granite counter tops and stainless steel appliances pop! Home comes equipped with Ultra Fi compatibilities, and multiple SMART devices, such as a New Ring doorbell, Smart Garage Door, Smart Front door lock, and Smart Thermostat. Smart items are able to used with your phone or Amazon's Alexa! Fully Fenced in backyard for privacy, with a gate on each side of the house. No backyard Neighbors! This home wont last long! 1% lender credit if using our preferred lender. Ask about our Lease to Own Program!

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

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
Sessums Elementary School Primary Regular 951 70 6
Rodgers Middle School Middle Regular 719 49 3
Spoto High School High Regular 1,449 88 3

Sessums Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 70
6
GreatSchools Rating

Rodgers Middle School

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 49
3
GreatSchools Rating

Spoto High School

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

$301,500$368,500$335,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,164
Property Tax -$504
Property Insurance -$192
HOA -$64
Property Management Fees -$129
CASH FLOW
-$63

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.

$335,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$16,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,133

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9903$2,0004$2,1755$2,300
$2,300
RENT COMPS ANALYSIS
  • 10637 Park Meadowbrooke Dr Riverview, FL 2
    • 5 beds 3 baths ∙ 2,674 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,674 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.74
    •  
  • 11003 Stone Branch Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 11607 Warren Oaks Pl Riverview, FL 3
    • 4 beds 4 baths ∙ 2,749 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,749 Sqft ∙ Built 2015
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 11143 Abaco Island Ave Riverview, FL 4
    • 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2017
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.83
    •  
  • 10532 Whispering Hammock Dr Riverview, FL 5
    • 5 beds 3 baths ∙ 2,528 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,528 Sqft ∙ Built 2017
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Bryan Czajkowski
1.813.321.5671
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286463
Last Updated: 01/24/2021
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