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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $146.57
- 2 Days on Market
- MLS # : U8113702
- Updated Date : 02/20/2021 at 14:03
CONSTRUCTION
- Beds : 4
- Floor Size : 1,808 sqft
- Baths : 3 full
Listing Agent
Luxury & Beach Realty Inc
Listing Agent's Description
Beautiful maintained 4 bedroom, 3 bathroom home with 2 car garage. This expansive block home sits in the heart of Covewood Subdivision in Riverview, FL, featuring a split floor plan with Jack and Jill bath in the additional bedrooms, ideal for family or relatives. Master bedroom has walk-in closet, master bath with tub and shower separate. The 4th bedroom can also be used as den/library/office Over 1800 sq feet living space with open air kitchen and living space. The backyard exhibits a pergola on concrete patio deck pavers with added yard/grass areas - perfect for back yard zen relaxation or BBQ's. New Roof 2018, New Paint 2020, New 2020, Pressure washed exterior 2021. Will not last!
SEE MORE
- 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
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 | $1,600 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$365 | |
| Property Insurance | -$141 | |
| HOA | -$45 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$1
|
||
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.
$265,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.60%
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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
6.08
YEARS SAVED
$17,991
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,559
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
13024 Tribute Dr Riverview, FL 3
- 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,600
- $0.88
-
13003 Tribute Dr Riverview, FL 1
- 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2005
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,495
- $0.80
-
12817 Hampton Hill Dr Riverview, FL 2
- 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
-
10048 Creek Bluff Dr Riverview, FL 4
- 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2004
LEASED 01/08/21- Rent
- Rent Per SQFT
- $1,695
- $0.86
-
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
1.727.452.4159
Luxury & Beach Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8113702
Last Updated: 02/20/2021
