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

12710 Adventure Dr Riverview, FL 33579

3 Beds 2 Baths 1,478 sqft Built 2005

$223,999

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $151.56
  • 3 Days on Market
  • MLS # : O5912510
  • Updated Date : 01/01/2021 at 23:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,478 sqft
  • Baths : 2 full
Listing Agent

Sunny 365 Realty Group

Listing Agent's Description

Do not miss this beauty that’s move-in ready and upgraded!!! Located in the highly desirable Panther Trace community in Riverview. This 1,478 sq.ft. home features 3 bedrooms, 2 baths and a studio/office. As you enter the foyer you are welcomed to a large combination living/dining room with high ceilings ideal for relaxing or entertaining. In addition there is a studio/office which is the perfect space for your privacy needs. You find a good size kitchen with brand new stainless-steel appliances. following is the Primary bedroom suite with a walk-in closet and bathroom. Also, two additional guest bedrooms and a bathroom with a new vanity are the perfect complement for this home. Additional features include upgraded mirrors, lighting, faucets, double kitchen sink, new exterior and interior paint, new exterior fence with landscaping, and other features that are too many to list. The location of this home is close within restaurants, shopping and near to Florida’s fabulous beaches which are some of the reasons that you will fall in love with this beauty that is waiting for you to call it home!!!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Panther Trace

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Panther Trace

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
Collins Elementary School Primary Regular 1,081 72 5
Barrington Middle School Middle Regular 1,227 70 6
Riverview High School High Regular 2,387 128 6

Collins Elementary School

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

$201,599$246,399$223,999

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$826
Property Tax -$348
Property Insurance -$122
HOA -$4
Property Management Fees -$129
CASH FLOW
$70

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.

$223,999

PROJECTED PRICE

$1,500

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,110

INVESTMENT

$65,110

Down Payment
$56,000
Rehab Estimate
$5,750
Closing Costs
$3,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,000
Loan Amount $167,999
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$27,326

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,522

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5004$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 12710 Adventure Dr Riverview, FL 3
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
  • 12719 Adventure Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2004
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 12631 Adventure Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2004
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 12825 Tallowood Dr Riverview, FL 4
    • 4 beds 2 baths ∙ 1,573 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,573 Sqft ∙ Built 1988
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 10611 Navigation Dr Riverview, FL 5
    • 4 beds 2 baths ∙ 1,499 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,499 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Elba Keifer
1.832.594.5224
Sunny 365 Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5912510
Last Updated: 01/01/2021
BESbswy