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13107 Royal Pines Ave Riverview, FL 33579

4 Beds 3 Baths 1,939 sqft Built 2013

$297,500

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $153.43
  • 4 Days on Market
  • MLS # : T3295042
  • Updated Date : 03/11/2021 at 22:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,939 sqft
  • Baths : 3 full
Listing Agent

Blubay International Realty Llc

Listing Agent's Description

Here is your chance to own a beautiful home in the front of Triple Creek Riverview with easy access to main roads, including I75. The community has two pools, a splash pad, multiple walking trails, tennis courts, dog park and much more. Why wait to build when you can move into this home, with all the bells and whistles, now! This 1939 sqft split floor plan home features 4 bedrooms, 3 bathrooms, 2 car garage. As you enter the home you’ll be impressed with the condition that the property is in and the fact that it still has that new home smell. There is a bedroom and bathroom at the front of the house which can act as a perfect in-law area or if you want guests to have their own space and privacy. The beautifully adorned kitchen features granite counter tops, stainless steel appliances, 42” staggered cabinets and a breakfast nook. Looking out over the peninsula counter top you’ll notice the separate formal dining room as well as the spacious living room. At the back of the home you’ll find two bedrooms with a jack and jill bathroom. On the other side of the home will be the master bedroom that features a beautiful bathroom with dual sinks and granite counter tops. You will love the garden tub, separate stand up shower and the large walk in closet. The master currently has a king size bed, dresser, 2 night stands, and a tv stand with plenty of room to move around. The dual sliding glass doors in the rear on the home allow for plenty of natural light and open to a covered lanai. The fully fenced in yard is ideal for pets or kids and is also big enough to add a pool. The exterior was recently painted giving you that beautiful new home feel and a new A/C unit was placed in 2020. The home comes equipped with a Rainbird irrigation system, water softener, hurricane shutters and a hybrid water heater. Don’t miss your chance to own this incredible home for under $300k.

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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: 33579

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33579

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
Warren Hope Dawson Elementary Primary Unknown NA
Barrington Middle School Middle Regular 1,227 70 6
East Bay High School High Regular 2,330 126 4

Warren Hope Dawson Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Barrington Middle School

  • Education Level: Middle
  • # of students: 1,227
  • # of teachers: 70
6
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$267,750$327,250$297,500

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,033
Property Tax -$410
Property Insurance -$149
HOA -$6
Property Management Fees -$129
CASH FLOW
$53

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.

$297,500

PROJECTED PRICE

$1,780

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$84,588

INVESTMENT

$84,588

Down Payment
$74,375
Rehab Estimate
$5,750
Closing Costs
$4,463

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,375
Loan Amount $223,125
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$26,711

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6993$1,7804$1,9505$2,025
$2,025
RENT COMPS ANALYSIS
  • 13107 Royal Pines Ave Riverview, FL 3
    • 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.92
    •  
  • 12313 Eagle Swoop Pl Riverview, FL 1
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2014
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 13177 Royal Pines Ave Riverview, FL 2
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2013
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.89
    •  
  • 11918 Frost Aster Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2015
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 13151 Green Violet Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2017
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.98
    •  
PROPERTY LISTING DETAILS
Javi Lopez-munoz
1.813.928.7630
Blubay International Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295042
Last Updated: 03/11/2021
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