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12115 Fawn Brindle St Riverview, FL 33578

3 Beds 3 Baths 1,778 sqft Built 2016

$258,700

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $145.50
  • 4 Days on Market
  • MLS # : T3275983
  • Updated Date : 11/13/2020 at 10:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,778 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lokation Real Estate

Listing Agent's Description

Welcome to this beautifully upgraded home located in the desirable Sanctuary community in Riverview, FL. Low HOA and no CDD with fast access to I-75! Close to great restaurants, shopping and schools. This 2016 home has a wide open floor plan with sliding glass doors to the fenced in backyard. Crown molding adorns the ceiling and the kitchen was designed with complementary tones. The tile floor looks just like wood and cleans so easily! You'll appreciate the convenient powder room on the first floor. Both levels have new interior paint, also new carpeting up the staircase and second level where all three bedrooms are located, along with two full bathrooms.

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: 33578

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k268k

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

Zip Code: 33578

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8781726

* 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
Sessums Elementary School Primary Regular 951 70 6
Rodgers Middle School Middle Regular 719 49 3
Spoto High School High Regular 1,449 88 3

Sessums Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 70
6
GreatSchools Rating

Rodgers Middle School

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

Spoto High School

  • Education Level: High
  • # of students: 1,449
  • # of teachers: 88
3
GreatSchools Rating
 

$232,830$284,570$258,700

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$954
Property Tax -$356
Property Insurance -$140
HOA -$60
Property Management Fees -$80
CASH FLOW
-$70

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.

$258,700

PROJECTED PRICE

$1,520

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$74,306

INVESTMENT

$74,306

Down Payment
$64,675
Rehab Estimate
$5,750
Closing Costs
$3,881

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$954

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,675
Loan Amount $194,025
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,618

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5503$1,5504$1,6005$1,735
$1,735
RENT COMPS ANALYSIS
  • 12115 Fawn Brindle St Riverview, FL 1
    • 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.85
    •  
  • 10434 Whispering Hammock Dr Riverview, FL 2
    • 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,694 Sqft ∙ Built 2015
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 10520 Egret Haven Ln Riverview, FL 3
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 10536 Rhodine Rd Riverview, FL 4
    • 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2016
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 13252 Early Run Ln Riverview, FL 5
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2003
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.90
    •  
PROPERTY LISTING DETAILS
Nathan Klutznick
1.954.545.5583
Lokation Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275983
Last Updated: 11/13/2020
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