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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $146.43
- 2 Days on Market
- MLS # : T3291161
- Updated Date : 02/20/2021 at 23:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,356 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Absolutely stunning 4BR/3BA Mattamy home (Coquina model) located in the desired community of Triple Creek. Upon entering this immaculate home, you will find ceramic tile running throughout the common areas. Immediately to your right upon entry is a flex room including a tray ceiling with crown molding. Just past that is the fourth bedroom that can be considered a second master suite as it includes its own private full bathroom and a huge walk-in closet. Moving further into the home, on your left, is a formal dining room. On your right is the kitchen, both of which open into the great room, making it perfect for entertaining! The kitchen includes gorgeous quartz counters, 42” cabinets with crown molding, all stainless steel appliances (2018), and subway tile backsplash. Also included is extra counter space/prep station. Off the great room to the right, you will find two additional bedrooms plus another full bathroom. Conveniently located at the back of the house is the Master Suite, which includes a large walk-in closet and master bath with a dual sink vanity and stand-up glass shower. Large sliders lead to the back lanai overlooking a fully private fenced in yard. No backyard neighbors here! This lot backs up to conservation area and next door includes land that will not be developed. Also included is a tandem, three car garage, granite counters in all the bathrooms, built-in display/shelving at the entry, and exquisite landscaping. With community amenities that include a fitness center, pool, tennis and basketball courts, park and playground, and 2 clubhouses, this lovely home will not last long! Schedule your showing today!
SEE MORE
- 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
* 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 | $2,070 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$530 | |
| Property Insurance | -$173 | |
| HOA | -$13 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$26
|
||
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.
$345,000
PROJECTED PRICE
$2,070
PROJECTED RENT
0.60%
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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
6.58
YEARS SAVED
$26,729
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,062
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/27/20- Rent
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-
13126 Green Violet Dr Riverview, FL 4
- 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2016
LEASED 11/18/20- Rent
- Rent Per SQFT
- $2,195
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13446 Palmera Vista Dr Riverview, FL 5
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LEASED 01/02/21- Rent
- Rent Per SQFT
- $2,200
- $0.88
PROPERTY LISTING DETAILS
1.813.727.1962
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291161
Last Updated: 02/20/2021
