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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $147.43
- 3 Days on Market
- MLS # : T3292516
- Updated Date : 02/27/2021 at 20:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,695 sqft
- Baths : 2 full
Listing Agent
Century 21 Link Realty, Inc.
Listing Agent's Description
Don't miss out on this one! NO CDD FEES HERE! LOW HOA FEES. This very well maintained 3 bedroom/2 full bathroom home is located in the desirable gated community Moss Landing. Large open floor plan with Kitchen/formal dining/family room combo all with ceramic tile. Newer refrigerator only 1 year old and new oven/range less than a year old. Spacious Master Bedroom with large full bath and walk-in closet. Large fenced backyard. Don't miss this great opportunity in an A+ school district in the heart of Riverview. Close to I-75 and all major roadways for an easy commute to work. Close to shopping mall and dining and new hospital/medical facilities. Open House Saturday 2/27/21 12pm-3pm.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Zip Code: 33569
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33569
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$344 | |
| Property Insurance | -$135 | |
| HOA | -$55 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$9
|
||
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
$1,540
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.2% |
| 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
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
6.42
YEARS SAVED
$18,513
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,687
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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11230 Running Pine Dr Riverview, FL 2
- 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,540
- $0.91
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11626 Hammocks Glade Dr Riverview, FL 1
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2006
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.90
-
11360 Cocoa Beach Dr Riverview, FL 3
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2005
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,550
- $1.01
-
11341 Coconut Island Dr Riverview, FL 4
- 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2005
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,775
- $1.03
-
11345 Coconut Island Dr Riverview, FL 5
- 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2005
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,800
- $1.04
PROPERTY LISTING DETAILS
1.813.734.2375
Century 21 Link Realty, Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3292516
Last Updated: 02/27/2021
