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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $156.10
- 3 Days on Market
- MLS # : T3286136
- Updated Date : 01/22/2021 at 18:07
CONSTRUCTION
- Beds : 4
- Floor Size : 1,665 sqft
- Baths : 2 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Welcome to your beautifully maintained and upgraded South Pointe home! As you enter the home, you are greeted by high ceilings, natural light and a beautiful waterview that sits beyond a screened in lanai. A split floor plan allows for separation between the master bedroom and secondary bedrooms. This lovely home features many upgrades throughout, such as new LVP floors (2020) installed in the living room, kitchen, bathrooms, and dining area. The master bathroom was remodeled in (2020) with an upgraded walk-in shower. The interior and exterior were painted in (2020) and the roof and A/C were both replaced in (2018). South Pointe is a conveniently located and well preserved community featuring two community pools as well as basketball courts and a playground. This home is absolutely move-in ready for you and your family. Schedule your showing today, this one won't last!
SEE MORE
- 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
* 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 | $1,750 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$358 | |
| Property Insurance | -$133 | |
| HOA | -$48 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$179
|
||
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.
$259,900
PROJECTED PRICE
$1,750
PROJECTED RENT
0.67%
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
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
9.58
YEARS SAVED
$35,143
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,711
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
12521 Midpointe Dr Riverview, FL 5
- 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,750
- $1.05
-
12444 Midpointe Dr Riverview, FL 1
- 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2001
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,450
- $0.96
-
10227 Hunters Haven Blvd Riverview, FL 2
- 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2003
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,595
- $1.05
-
10467 Hallmark Blvd Riverview, FL 3
- 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 4
- 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
1.813.928.6257
Redfin Corporation
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3286136
Last Updated: 01/22/2021
