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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $130.54
- 2 Days on Market
- MLS # : T3282867
- Updated Date : 01/03/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,980 sqft
- Baths : 3 full
Listing Agent
Exit Bayshore Realty
Listing Agent's Description
Located in the gated community of WaterLeaf this beautiful home is located on a premium lot over looking the pond with no one directly behind you. From the community you can be in Downtown Tampa in 25 minutes via 75 to the crosstown. It is located across the street from the clubhouse, pool, playground, and trails. The garage is a tandem 3 car garage with tons of room for extra storage. Inside this home has a white and bright modern kitchen upgraded with granite counter tops, stainless steel appliances, and tile backsplash. From the kitchen you can overlook the pond while you wash the dishes or cook. The patio has sliding glass doors and is screened in allowing you to leave them open to let in the breeze. The office is downstairs off the living room which is ideal for working from home. The bedrooms are all located up stairs with a split floor plan, with a massive loft which is perfect for a pool table or playroom. This home has plenty of space for all of your needs so come check it out while you still can!
SEE MORE
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33579
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,435 |
| Property Tax | -$618 | |
| Property Insurance | -$210 | |
| HOA | -$72 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$174
|
||
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.
$389,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,835
LOAN DETAILS
$1,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
3.83
YEARS SAVED
$16,215
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,317
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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13218 Royal Pines Ave Riverview, FL 1
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- $2,100
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LEASED 02/01/20- Rent
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- $2,250
- $0.80
-
11946 Sand Myrtle Rd Riverview, FL 4
- 5 beds 3 baths ∙ 3,069 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,069 Sqft ∙ Built 2017
LEASED 01/15/20- Rent
- Rent Per SQFT
- $2,400
- $0.78
-
11928 Cinnamon Fern Dr Riverview, FL 5
- 5 beds 3 baths ∙ 3,090 Sqft ∙ Built 2018 5 beds 3 baths ∙ 3,090 Sqft ∙ Built 2018
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,500
- $0.81
PROPERTY LISTING DETAILS
1.813.546.3726
Exit Bayshore Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282867
Last Updated: 01/03/2021
