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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $125.01
- 26 Days on Market
- MLS # : T3275708
- Updated Date : 12/03/2020 at 10:03
CONSTRUCTION
- Beds : 4
- Floor Size : 2,799 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams - New Tampa
Listing Agent's Description
Better than new! Brand New Luxury Vinyl Flooring on the first level of the home. This 2015 built 4 bedroom, 3 Full bathroom, FLEX ROOM AND LOFT is ideal for a growing family. The Windsor floor plan is a great design. This home has space for everyone, from the Café/Dining to the Amazing Kitchen with endless counter space for all your gadgets and food preparation. Flex room up front is perfect for a home office or formal living room. The gourmet kitchen opens to the family room with a spacious island and features dark brown cabinetry and granite countertops. Large corner pantry. Perfect spot for the dining table in front of the sunny, sliding doors leading to the oversized backyard and stunning views. Downstairs owner's suite features a large bedroom, 13x15. Master bathroom offers dual sinks, large walk-in closet, walk in shower, and spa tub. Laundry room is located downstairs. Second Master suite and two bedrooms with full baths and a loft room complete the second floor. Park Creek offers a resort style pool and clubhouse and miles of walking trails. Low HOA includes cable and internet. Call today for your private showing.
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: 33578
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33578
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$514 | |
| Property Insurance | -$199 | |
| HOA | -$64 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$157
|
||
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.
$349,900
PROJECTED PRICE
$2,040
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
3.67
YEARS SAVED
$14,022
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,040
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,106
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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12208 Legacy Bright St Riverview, FL 4
- 4 beds 4 baths ∙ 2,799 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,799 Sqft ∙ Built 2015
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- Rent Per SQFT
- $2,040
- $0.73
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11003 Stone Branch Dr Riverview, FL 1
- 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,900
- $0.72
-
10806 Navigation Dr Riverview, FL 2
- 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 2012
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,995
- $0.73
-
11607 Warren Oaks Pl Riverview, FL 3
- 4 beds 4 baths ∙ 2,749 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,749 Sqft ∙ Built 2015
LEASED 06/11/20- Rent
- Rent Per SQFT
- $2,000
- $0.73
-
11143 Abaco Island Ave Riverview, FL 5
- 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2017
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,175
- $0.83
PROPERTY LISTING DETAILS
1.813.451.9284
Keller Williams - New Tampa
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3275708
Last Updated: 12/03/2020
