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12012 Hampshire Field Ct Riverview, FL 33579

3 Beds 3 Baths 1,780 sqft Built 2005

$250,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $140.45
  • 1 Days on Market
  • MLS # : T3274188
  • Updated Date : 11/03/2020 at 02:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,780 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Realty Associates

Listing Agent's Description

Come see this beautiful 3 bedroom, 2.5 bath, 2 car garage meticulously maintained home in the sought after Summerfield community in Riverview. Ready to move in with tons of upgrades such as: stainless steel appliances, vinyl fenced yard, laundry room cabinets, tile floors throughout the downstairs and wet areas upstairs, French doors that lead into the backyard, re-modeled downstairs bathroom, and granite countertops. Enjoy the beautiful backyard which includes the gazebo, pavers, and shed! Schedule your showing today, this will not last!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Summerfield Elementary School Primary Regular 870 66 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Summerfield Elementary School

  • Education Level: Primary
  • # of students: 870
  • # of teachers: 66
3
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$922
Property Tax -$344
Property Insurance -$140
HOA -$13
Property Management Fees -$80
CASH FLOW
$71

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.

$250,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$29,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5703$1,5994$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 12012 Hampshire Field Ct Riverview, FL 2
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.88
    •  
  • 13033 Avalon Crest Ct Riverview, FL 1
    • 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 2008
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.87
    •  
  • 11903 Butler Woods Cir Riverview, FL 3
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.90
    •  
  • 13263 Evening Sunset Ln Riverview, FL 4
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 11514 Balintore Dr Riverview, FL 5
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2012
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Elena Mejias Pa
1.813.689.3115
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274188
Last Updated: 11/03/2020
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