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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $171.32
- 2 Days on Market
- MLS # : T3290628
- Updated Date : 02/20/2021 at 22:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,503 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Definite pride in ownership inside and out for this 3BR/2BA home located in South Pointe. As you enter through the custom glass front door, you will find ceramic tile throughout the common areas. To the right of the home are 2 secondary bedrooms with wood laminate flooring and a full bathroom that has been remodeled to include a counter top basin sink, stone counters, and custom glass shower door. Moving further into the home, you find yourself in the wide-open Great Room that opens into the Dining Room and Kitchen, perfect for entertaining. The Kitchen boasts wood cabinets with custom glass doors, stainless steel appliances (dishwasher 2021, refrigerator 2019, microwave 2019), stone counters, and an eat-in area. The master bedroom, including wood laminate flooring and plant shelves, is conveniently located toward the back of the home. The Master Bathroom includes a dual sink vanity, walk-in closet, and a stand-up shower with custom glass doors. French doors lead to the screened lanai, which features beautiful ceramic tile flooring. Enjoy your morning coffee on the lanai or relax after work in the Jacuzzi! Other upgrades include full exterior paint in 2019, new garage door in 2018, new HVAC in 2016, and a new roof in 2017. Community amenities include a park, playground, and 2 pools! Schedule a showing today as this one won’t last long!
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
Neighborhood: South Pointe of Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Pointe of Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$894 |
| Property Tax | -$355 | |
| Property Insurance | -$124 | |
| HOA | -$48 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$80
|
||
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.
$257,500
PROJECTED PRICE
$1,470
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.9% |
| 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
$73,988
LOAN DETAILS
$894
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,375 |
| Loan Amount | $193,125 |
4.42
YEARS SAVED
$11,095
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,526
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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12410 Early Run Ln Riverview, FL 2
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12444 Midpointe Dr Riverview, FL 1
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LEASED 08/21/20- Rent
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- $1,450
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12526 Dawn Vista Dr Riverview, FL 3
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LEASED 03/22/20- Rent
- Rent Per SQFT
- $1,500
- $1.00
-
10467 Hallmark Blvd Riverview, FL 4
- 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1999
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,645
- $1.09
-
10612 Cami Ct Riverview, FL 5
- 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2000
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,675
- $1.01
PROPERTY LISTING DETAILS
1.813.727.1962
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3290628
Last Updated: 02/20/2021
