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12332 Prairie Valley Ln Riverview, FL 33579

3 Beds 2 Baths 2,017 sqft Built 2017

$339,990

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $168.56
  • 8 Days on Market
  • MLS # : T3285381
  • Updated Date : 01/17/2021 at 18:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,017 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Why wait for the builder when you can enjoy this home today! This meticulously maintained Mattamy Homes Lucine model, is overflowing with upgrades and it is move-in ready. This 2,017 sqft home offers 3 bedrooms and 2 baths. The kitchen features 42” wood upgraded cabinets, granite countertops, stainless steel appliances, a beautiful glass tile backsplash, walk in pantry and a large island. This home offers an open floor plan: the kitchen, dining room and great room are perfect for entertaining. The great room features a custom stone wall complete with electric fire feature. The den/ study features custom sliding barn doors to provide privacy. The foyer features a custom upgraded board and batten wall. Extended sliders lead to an oversized fenced-in backyard, ready to be transformed into an entertainer’s dream space. In the master suite enjoy a spacious bedroom and en suite bath equipped with a stand-up shower and upgraded garden tub. The front landscape has beautiful curbing to maintain a finished appearance. In addition, don’t miss out on all the amenities this community has to offer: 2 swimming pools, a fitness center, tennis and basketball courts, parks and playground area, trails, an elementary school within the neighborhood and much more. THIS HOME SHOWS LIKE THE MODEL SO DON’T MISS OUT. COME SEE IT TODAY!

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: 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
Warren Hope Dawson Elementary Primary Unknown NA
Barrington Middle School Middle Regular 1,227 70 6
East Bay High School High Regular 2,330 126 4

Warren Hope Dawson Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$305,991$373,989$339,990

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,181
Property Tax -$572
Property Insurance -$154
HOA -$6
Property Management Fees -$129
CASH FLOW
-$161

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.

$339,990

PROJECTED PRICE

$1,880

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$95,847

INVESTMENT

$95,847

Down Payment
$84,998
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,998
Loan Amount $254,993
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,662

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,740

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,6994$1,8805$1,949
$1,949
RENT COMPS ANALYSIS
  • 12332 Prairie Valley Ln Riverview, FL 4
    • 3 beds 2 baths ∙ 2,017 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,017 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.93
    •  
  • 12317 Eagle Swoop Pl Riverview, FL 1
    • 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 2013
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 12313 Eagle Swoop Pl Riverview, FL 2
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2014
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 13177 Royal Pines Ave Riverview, FL 3
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2013
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.89
    •  
  • 13347 Palmera Vista Dr Riverview, FL 5
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2016
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,949
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jalen Daley
1.813.244.8631
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285381
Last Updated: 01/17/2021
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