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

10809 Purple Martin Blvd Riverview, FL 33579

4 Beds 3 Baths 2,057 sqft Built 2020

$279,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $136.07
  • 2 Days on Market
  • MLS # : T3284844
  • Updated Date : 01/16/2021 at 14:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,057 sqft
  • Baths : 3 full
Listing Agent

Pineywoods Realty Llc

Listing Agent's Description

+MOVE-IN READY+ Homes this new and well-maintained rarely come available in the Big Bend area of Riverview, and this one has so much to offer! Curb appeal, open concept, nice yard, full appliance package, window blinds, and close proximity to the wonderful neighborhood amenities are just several reasons why we believe this is the one. The kitchen features 42" Staggered Maple Espresso raised panel cabinets with Pullouts, Crown Molding, Satin Nickel hardware. For the chef in the family, there's ample prep space on the lovely New Caledonia Granite countertops, paired with Stainless-Steel appliances. The high ceilings, LED lighting, and 18x18 Cabo Shore ceramic tile laid on the diagonal really set it off, and the smart split plan gives everyone in the family plenty of room and privacy. Why buy something that needs repairs or updates when this one is ready for you just to move in? Shady Creek is a family-friendly community featuring amenities such as a swimming pool, playground, and basketball court. The location is convenient to grocery stores, coffee shops, restaurants, a YMCA, and access to I-75. Hurry and book your showing today before this one is gone!

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: 33579

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33579

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Summerfield Crossings Elementary School Primary Regular 915 62 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Summerfield Crossings Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 62
3
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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$972
Property Tax -$385
Property Insurance -$156
HOA -$75
Property Management Fees -$129
CASH FLOW
-$68

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 3.00%
Vacancy 5.26%
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$76,174

INVESTMENT

$76,174

Down Payment
$69,975
Rehab Estimate
$2,000
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$13,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,790

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7504$1,7505$1,895
$1,895
RENT COMPS ANALYSIS
  • 10809 Purple Martin Blvd Riverview, FL 2
    • 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 13707 Sanford Hill Pl Riverview, FL 1
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 2009
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
  • 13716 Rothman Tate Pl Riverview, FL 3
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2006
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 10727 Rockledge View Dr Riverview, FL 4
    • 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 2009
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 14044 Tropical Kingbird Way Riverview, FL 5
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2017
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
PROPERTY LISTING DETAILS
Stephen Scott Pa
1.813.688.0068
Pineywoods Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284844
Last Updated: 01/16/2021
BESbswy