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12315 Bay Estuary Bnd Riverview, FL 33579

4 Beds 3 Baths 2,956 sqft Built 2017

$410,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $138.70
  • 3 Days on Market
  • MLS # : U8114399
  • Updated Date : 02/26/2021 at 16:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,956 sqft
  • Baths : 2 full , 1 half
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Your search has ended!!!! You will absolutely love this spectacular home with a very open concept floorplan that consists of 4 bedrooms, Office AND large Loft with an enchanting French Country exterior design located in the highly desirable community of Triple Creek! This home offers a spacious and open floor plan that you will fall in love with. The oversized pie shape lot that is almost ¼ acres offers plenty of room to play and space between your neighbors. Share memorable moments with your family and friends in the open kitchen that offers upgraded design features such as 42” Tahoe Maple Espresso cabinets, all stainless-steel appliances, granite countertops, large island/breakfast bar that flows into the gracious gathering room and is all tied together with the oversized 17x17 tile flooring. Tile continues on through the Breakfast Nook, Dining Room, Powder Room, Laundry and Office. The elegant formal dining room offers a tray ceiling. Upstairs boasts your Owner's Suite, complete with TWO walk-in closets, tray ceiling and an Owner's Bath that features a raised, dual sink vanity, shower and private water closet. The three secondary bedrooms are all adjacent to the Loft and share a dual sink vanity full bath, with toilet and tub separated from the sink. Large Loft area offers more living space. This home has it all! The office downstairs makes a perfect at home office or craft room or could be converted into yet another bedroom. This home is perfect for entertaining. The large, fully screened in lanai has enough room to enjoy breakfast or dinner. No time to mull it over...DO NOT LET SOMEONE ELSE MOVE IN TO YOUR DREAM HOME!!! Brand new amenity center which includes splash pad, 2 Olympic sized pools, basketball/tennis courts, fitness center, dog park, and shaded playground. Did I mention yet the miles of walking trails in the community? Elementary school and day care conveniently located within the community as well. (CDD fees are included in the reflected property tax amount) Convenient location to I75, US301 and US41 which ensures a quick commute to Tampa and MacDill AFB. Restaurants, new VA clinic, St. Joseph’s Hospital and shopping are nearby.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
Barrington Middle School Middle Regular 1,227 70 6
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

Barrington Middle School

  • Education Level: Middle
  • # of students: 1,227
  • # of teachers: 70
6
GreatSchools Rating

East Bay High School

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

$369,000$451,000$410,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,424
Property Tax -$565
Property Insurance -$208
HOA -$6
Property Management Fees -$129
CASH FLOW
-$122

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.

$410,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.54%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,276

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,2104$2,2455$2,400
$2,400
RENT COMPS ANALYSIS
  • 12315 Bay Estuary Bnd Riverview, FL 3
    • 4 beds 3 baths ∙ 2,956 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,956 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.75
    •  
  • 11751 Summer Springs Dr Riverview, FL 1
    • 5 beds 4 baths ∙ 2,742 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,742 Sqft ∙ Built 2006
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 13218 Royal Pines Ave Riverview, FL 2
    • 5 beds 3 baths ∙ 2,923 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,923 Sqft ∙ Built 2014
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 11718 Summer Springs Dr Riverview, FL 4
    • 5 beds 3 baths ∙ 2,739 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,739 Sqft ∙ Built 2006
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.82
    •  
  • 11946 Sand Myrtle Rd Riverview, FL 5
    • 5 beds 3 baths ∙ 3,069 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,069 Sqft ∙ Built 2017
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.78
    •  
PROPERTY LISTING DETAILS
Manuela Woodrum
1.727.580.0845
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8114399
Last Updated: 02/26/2021
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