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12708 Shadowcrest Ct Riverview, FL 33569

4 Beds 3 Baths 2,187 sqft Built 1997

$305,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $139.46
  • 3 Days on Market
  • MLS # : T3274078
  • Updated Date : 11/06/2020 at 11:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,187 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

A MUST SEE!!! This is a beautiful Suarez home in the desirable Boyette Springs community! This home features a very bright and spacious 4 bedroom, 3 bathroom open floorplan with a 3-car garage! The large kitchen offers all stainless steel appliances including a flex duo double oven… all purchased in 2017. The master bedroom offers a large ensuite with separate tub and shower, as well as double sinks with their own separate countertops... allowing for plenty of space. A new roof was just installed (10/2020) and offers a transferrable 25-year warranty. The interior is freshly painted and the entire exterior was painted in 2017. Back patio enclosure was also rescreened and updated with a new door. The kitchen and bathrooms have all new faucets. No CDD; very low HOA-optional. Hot water heater-2018; A/C-2013. Highly-rated schools. Convenient to shopping centers, fabulous restaurants, craft breweries/pubs, ACE Golf, parks, etc. COME CHECK IT OUT... THIS ONE WON'T LAST!!!

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MARKET HIGHLIGHTS

  • 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: Boyette Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Boyette Springs

NeighborhoodNIR 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
Boyette Springs Elementary School Primary Regular 559 41 6
Barrington Middle School Middle Regular 1,227 70 6
Riverview High School High Regular 2,387 128 6

Boyette Springs Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 41
6
GreatSchools Rating

Barrington Middle School

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

Riverview High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 128
6
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,125
Property Tax -$420
Property Insurance -$164
HOA -$3
Property Management Fees -$80
CASH FLOW
-$11

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.

$305,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.5%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$25,034

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,941

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7493$1,7804$1,9755$2,150
$2,150
RENT COMPS ANALYSIS
  • 12708 Shadowcrest Ct Riverview, FL 3
    • 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.81
    •  
  • 10416 Harvestime Pl Riverview, FL 1
    • 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 1993
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.82
    •  
  • 10315 Rainbridge Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 1989
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.84
    •  
  • 12307 Yellow Rose Cir Riverview, FL 4
    • 4 beds 2 baths ∙ 2,221 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,221 Sqft ∙ Built 1988
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.89
    •  
  • 12912 Raysbrook Dr Riverview, FL 5
    • 5 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.00
    •  
PROPERTY LISTING DETAILS
Lori Mikula
1.813.777.1140
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274078
Last Updated: 11/06/2020
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