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12208 Legacy Bright St Riverview, FL 33578

4 Beds 4 Baths 2,799 sqft Built 2015

$349,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

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

MARKET HIGHLIGHTS

  • #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

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

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

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

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
$1,900
1$1,9002$1,9953$2,0004$2,0405$2,175
$2,175
RENT COMPS ANALYSIS
  • 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
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.73
    •  
  • 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
Kenya Octave
1.813.451.9284
Keller Williams - New Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275708
Last Updated: 12/03/2020
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