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11210 Spring Point Cir Riverview, FL 33579

4 Beds 2 Baths 2,022 sqft Built 2016

$289,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $143.37
  • 4 Days on Market
  • MLS # : O5923316
  • Updated Date : 02/14/2021 at 01:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,022 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

This is a GREAT house in the sought-after, resort community of Lake Lucaya Club! This move-in ready, 4-bedroom, 2-bath, 2-car garage, spacious home has ceramic tile, fresh paint, new carpet, and hurricane shutters, and it is waiting for that special owner to make it their own. This house also has a fabulous outdoor space with travertine tile and a fire pit, perfect for relaxing and entertaining! The back yard is completely fenced in, and if you have pets, you will absolutely love the dog run on the side of the house! If you don’t have pets, its a perfect spot for a garden! Community amenities at Lucaya Club include clubhouse, 2 pools, fitness center, walking trails, playground, splash park, private beach and 78-acre lake for canoeing, kayaking, paddle boarding with a community dock. The location is convenient to just about everything you need! Come see it today!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

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
Collins Elementary School Primary Regular 1,081 72 5
Rodgers Middle School Middle Regular 719 49 3
Riverview High School High Regular 2,387 128 6

Collins Elementary School

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

Rodgers Middle School

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

Riverview High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 128
6
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,007
Property Tax -$423
Property Insurance -$154
HOA -$46
Property Management Fees -$129
CASH FLOW
-$29

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.

$289,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.60%

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) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$17,728

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,779

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,694
1$1,6942$1,7003$1,7304$1,7755$1,785
$1,785
RENT COMPS ANALYSIS
  • 11210 Spring Point Cir Riverview, FL 3
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.86
    •  
  • 11102 Holly Cone Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2004
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,694
    • $0.92
    •  
  • 11005 Holly Cone Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2004
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 11132 Rodeo Ln Riverview, FL 4
    • 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.85
    •  
  • 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
Connie Schmitt
1.407.924.3992
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923316
Last Updated: 02/14/2021
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