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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $140.00
- 3 Days on Market
- MLS # : T3275467
- Updated Date : 11/20/2020 at 11:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,785 sqft
- Baths : 2 full , 1 half
Listing Agent
Florida Executive Realty
Listing Agent's Description
This 2 story 3 bed 2 1 /2 bath home located in the South Fork neighborhood has been meticulosity maintained! The first floor features great natural light with an open living/dining room combo. The large kitchen has plenty of cabinet and counter space overlooking the dining area with views of the large backyard. Features include wood plank flooring, newer A/C (2018) and water heater, new interior paint and new recessed lighting & LED lights throughout. Upstairs is a split bedroom floorplan. The sizeable master bedroom has a large bathroom that features a spa-like garden tub, in addition to a stand-up shower and a large walk-in closet. The laundry room, which is also upstairs, has ample storage space. The large backyard has a privacy fence with a multi-zoned sprinkler system. It's a great space to host bbq's or put the swingset! The community clubhouse is a short distance away and includes a pool, hot tub, tennis courts, and playground. This home is perfectly located near several shopping plazas, restaurants, & is easily accessible to I-75; all just minutes away!!
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 Fork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Fork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$344 | |
| Property Insurance | -$140 | |
| HOA | -$47 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$103
|
||
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.
$249,900
PROJECTED PRICE
$1,430
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| 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
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
4.17
YEARS SAVED
$11,287
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,459
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,545
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11147 Summer Star Dr Riverview, FL 4
- 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 2005
LEASED 01/09/20- Rent
- Rent Per SQFT
- $1,549
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10809 Whitecap Dr Riverview, FL 5
- 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2015
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,675
- $0.87
PROPERTY LISTING DETAILS
1.813.390.1424
Florida Executive Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3275467
Last Updated: 11/20/2020
