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12771 Lemon Pepper Dr Riverview, FL 33578

4 Beds 3 Baths 2,006 sqft Built 2018

$269,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $134.55
  • 3 Days on Market
  • MLS # : T3295129
  • Updated Date : 03/12/2021 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,006 sqft
  • Baths : 2 full , 1 half
Listing Agent

Florida Executive Realty

Listing Agent's Description

HOT NEW LISTING! HIGHLY DESIRABLE TWIN CREEKS! CORNER LOT WITH FENCED-IN BACKYARD! PRIDE OF OWNERSHIP AND MOVE-IN READY! GREAT LOCATION IN THE HEART OF RIVERVIEW! Come See This Gorgeous 4 Bedroom 2.5 Bath 2 Car Garage Two Story home That Has “Just Shy” Of 1900 Square Feet Living Area And “Just Over” 2350+ Square Feet Under Roof! Your New Home Has So Many Fantastic Features: Designer Ceramic Tile In All Living Areas Downstairs, All Bedrooms Upstairs Plus Loft Area With Built-In Custom Book Shelf, Professional Color Décor Thru-Out This Home, Manicured Yard On Corner Lot, Fenced-In Backyard With Almond Colored Vinyl, Half Bathroom Downstairs For Guests, Utility Room Upstairs Where All Bedrooms Are Located And All Fans/Lightning/Window Treatments Are Included! Your New Kitchen Includes: Cherry Wood Cabinets, Black Lacquer Appliances, Large Closet Pantry, Ceramic Tile Floor, And Granite “Look-Alike” Counter Tops! Owners Suite Features: Large Step-In Shower, Dual Sinks In Vanity, And Huge Walk-In Closet! Twin Creeks Is A Fantastic Community With Great Amenities And Is Close To Schools, Shopping, Restaurants, Hospital, Interstate, Churches, Golf Course, And All Types Of Recreation! Please Call Your Agent Today For Private Showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 33578

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k268k

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

Zip Code: 33578

ZipNIR 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
Summerfield Crossings Elementary School Primary Regular 915 62 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Summerfield Crossings Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 62
3
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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$937
Property Tax -$384
Property Insurance -$153
HOA -$28
Property Management Fees -$129
CASH FLOW
$219

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

$1,850

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$39,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,825

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8504$1,8505$1,945
$1,945
RENT COMPS ANALYSIS
  • 12771 Lemon Pepper Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 10048 Creek Bluff Dr Riverview, FL 1
    • 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2004
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 12717 Avelar Creek Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 2010
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 10207 Tapestry Key Ct Riverview, FL 3
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2006
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 12608 Lemon Pepper Dr Riverview, FL 5
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2018
    property image
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.01
    •  
PROPERTY LISTING DETAILS
Brian Allen
1.813.382.8077
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295129
Last Updated: 03/12/2021
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