Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12520 Herons Path Pl Riverview, FL 33578

3 Beds 2 Baths 1,856 sqft Built 2003

$264,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $142.73
  • 4 Days on Market
  • MLS # : T3275862
  • Updated Date : 11/14/2020 at 10:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,856 sqft
  • Baths : 2 full
Listing Agent

Signature Realty Associates

Listing Agent's Description

One or more photo(s) has been virtually staged. Bright and beautiful home in sought after community of South Pointe. Conveniently located in the heart of Riverview, minutes away from US-301, I-75, schools, shopping and dining. Big ticket items already taken care of, upgraded, well maintained and loved by its original owners. Great floor plan offering a spacious combination of living/dining room and kitchen/great room allowing plenty of space for entertaining and some privacy as well. Wonderful kitchen includes marble countertops, solid wood cabinets, attractive backsplash and nice and cozy breakfast nook. Amazing master bedroom features on-suite bathroom with double sinks marble vanity, garden tub and large, separate shower stall. Two other guest bedrooms share a well-appointed bathroom. Generous screened-in and covered lanai. No Back yard Neighbors!, Amazing Pond view, perfect for enjoying Florida weather and just about any social gathering. This home has it all; Excellent location, Plenty of Space, Convenient Lay Out, Quality features and updates that will make your life easier and save you money along the way NO CDD, low HOA and a lot of more... Don't miss out on your opportunity to own this beautiful home! MOVE-IN READY!

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

Neighborhood: South Pointe of Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k268k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: South Pointe of Tampa

NeighborhoodNIR 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
Collins Elementary School Primary Regular 1,081 72 5
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Collins Elementary School

  • Education Level: Primary
  • # of students: 1,081
  • # of teachers: 72
5
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

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

$238,410$291,390$264,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$977
Property Tax -$365
Property Insurance -$144
HOA -$47
Property Management Fees -$80
CASH FLOW
-$54

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.

$264,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$16,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,619

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,5653$1,6454$1,6955$1,725
$1,725
RENT COMPS ANALYSIS
  • 12520 Herons Path Pl Riverview, FL 1
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.84
    •  
  • 12503 Midpointe Dr Riverview, FL 2
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.94
    •  
  • 10214 Hunters Haven Blvd Riverview, FL 3
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.84
    •  
  • 12607 Avelar Creek Dr Riverview, FL 4
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2013
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 12913 Early Run Ln Riverview, FL 5
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.88
    •  
PROPERTY LISTING DETAILS
Johanna Aristy-santana Llc
1.813.516.2202
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275862
Last Updated: 11/14/2020
BESbswy