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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $144.95
- 3 Days on Market
- MLS # : U8107116
- Updated Date : 12/12/2020 at 18:08
CONSTRUCTION
- Beds : 4
- Floor Size : 1,862 sqft
- Baths : 2 full
Listing Agent
Future Home Realty Inc
Listing Agent's Description
Move In Ready! Large 4 Bedroom, 2.5 Bath, 2 Car Garage Home. Large & Open Family Room, Kitchen, & Dining Room. Sliders to Private Backyard. Four Bedrooms + Loft Upstairs. Twin Creeks is a great neighborhood with a community pool. Easy access to Tampa Bay via I-75 and US 301. Shopping & Restaurants Nearby. This Is Paradise!
SEE MORE
- #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
Zip Code: 33578
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33578
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$462 | |
| Property Insurance | -$145 | |
| HOA | -$29 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$20
|
||
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.
$269,900
PROJECTED PRICE
$1,740
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.2% |
| 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
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
5.67
YEARS SAVED
$19,813
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,708
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
12723 Hampton Hill Dr Riverview, FL 4
- 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,740
- $0.93
-
12817 Hampton Hill Dr Riverview, FL 1
- 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2013
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,500
- $0.87
-
10421 Avelar Ridge Dr Riverview, FL 2
- 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 2006
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,595
- $0.92
-
12840 Hampton Hill Dr Riverview, FL 3
- 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2006
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,650
- $0.96
-
10207 Tapestry Key Ct Riverview, FL 5
- 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2006
LEASED 09/16/20- Rent
- Rent Per SQFT
- $1,850
- $0.92
PROPERTY LISTING DETAILS
1.727.420.0123
Future Home Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8107116
Last Updated: 12/12/2020
