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12818 Early Run Ln Riverview, FL 33578

4 Beds 2 Baths 1,956 sqft Built 2003

$271,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $139.01
  • 5 Days on Market
  • MLS # : O5913133
  • Updated Date : 01/13/2021 at 23:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,956 sqft
  • Baths : 2 full
Listing Agent

Londono Realty Investment Llc

Listing Agent's Description

Look NO further than this beautiful home which is Located in the sought after community of South Pointe with LOW HOA and NO CDD!! With 4 beds and 2 Bath of living space, this single story home will sure to impress you. Entering this open floor-plan home your greeted with beautiful vaulted ceilings, passing through foyer you'll enter the Family room/Dinning room. The kitchen offers lots of counter space and cabinets. Vaulted ceilings carry into the master suite, Master bath has a large garden tub and shower. Fans in all rooms. 2 Car Garage with Garage door Opener, Some of the in community amenities include 2 pools and a park with playground, basketball, pavilion and clubhouse, Community Day Care Center. Call for your private tour today!

SEE MORE

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: South Pointe of Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k268k

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

Neighborhood: South Pointe of Tampa

NeighborhoodNIR 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
Collins Elementary School Primary Regular 1,081 72 5
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Collins Elementary School

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

$244,710$299,090$271,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$944
Property Tax -$374
Property Insurance -$150
HOA -$47
Property Management Fees -$129
CASH FLOW
$25

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.

$271,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,804

INVESTMENT

$77,804

Down Payment
$67,975
Rehab Estimate
$5,750
Closing Costs
$4,079

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$944

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,975
Loan Amount $203,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$20,689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6703$1,6954$1,7255$1,775
$1,775
RENT COMPS ANALYSIS
  • 12818 Early Run Ln Riverview, FL 2
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.85
    •  
  • 10214 Hunters Haven Blvd Riverview, FL 1
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.84
    •  
  • 12607 Avelar Creek Dr Riverview, FL 3
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2013
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 12913 Early Run Ln Riverview, FL 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.88
    •  
  • 10218 Hunters Haven Blvd Riverview, FL 5
    • 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 2003
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jonathan Londono
1.407.394.9220
Londono Realty Investment Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913133
Last Updated: 01/13/2021
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