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11732 Albatross Ln Riverview, FL 33569

4 Beds 2 Baths 2,112 sqft Built 2015

$305,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $144.41
  • 3 Days on Market
  • MLS # : T3285008
  • Updated Date : 01/15/2021 at 14:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,112 sqft
  • Baths : 2 full
Listing Agent

Community Realty Associates

Listing Agent's Description

Wow! Immaculate luxurious home with award winning Newport II flooplan. Located in a quiet, family friendly neighborhood in highly desired Estuary community. Low HOA and No CDD! Enter this home through an elegant frosted glass door. Entryway boasts a grand foyer with custom inland medallion tile work. The home opens up to a sprawling great room filled by kitchen, dining and living space with sliders to the covered patio. The kitchen is a chef's dream, featuring granite counters, an over-sized center island with undermount sink, 42" espresso cabinets, and subway tile backsplash. Top of the line LG stainless appliances with Bosch dishwasher included. Upgraded ceramic tile throughout all living areas and premium laminate wood flooring in bedrooms. Huge master suite with tray ceiling, grand walk-in closet, and spa bath oasis. Bonus den with french doors offers an additional 4th room that can be used as an office or flex space. Enjoy your cozy screened patio while overlooking your spacious fully fenced backyard. Laundry room is equipped with high end front load washer/dryer and bonus sink. Garage is meticulously maintained, equipped with water softener, 2019 water heater, and epoxy floor. This home is located within minutes of amazing restaurants, beach, and boating. Developing area with new farm to table store and marina coming soon. Short drive to downtown Tampa, MacDill Airforce base, gulf beaches, and more! Community park located in the heart of the Estuary, hosts regular food truck visits, where friendly neighbors gather. Don't wait for new construction, come see this home today!

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: 33569

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33569

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
Warren Hope Dawson Elementary Primary Unknown NA
Rodgers Middle School Middle Regular 719 49 3
Riverview High School High Regular 2,387 128 6

Warren Hope Dawson Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,059
Property Tax -$420
Property Insurance -$159
HOA -$55
Property Management Fees -$129
CASH FLOW
-$43

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.

$305,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,774

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,482
1$1,4822$1,5993$1,7504$1,7805$2,000
$2,000
RENT COMPS ANALYSIS
  • 11732 Albatross Ln Riverview, FL 4
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.84
    •  
  • 11256 Creek Haven Dr Riverview, FL 1
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2005
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,482
    • $0.76
    •  
  • 11140 Running Pine Dr Riverview, FL 2
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2008
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.78
    •  
  • 11128 Running Pine Dr Riverview, FL 3
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2007
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 12231 Ballentrae Forest Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2016
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Douglas Addeo
1.561.251.3408
Community Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285008
Last Updated: 01/15/2021
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