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13129 Monach Isles Dr Riverview, FL 33579

4 Beds 3 Baths 2,731 sqft Built 2020

INVESTimate

$362,019

List Price

$2,070

$1,863 - $2,277

Rent Est.

$383,052  ( +5.81%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $132.56
  • 4 Days on Market
  • MLS # : T3261050
  • Updated Date : 08/24/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,731 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homes By West Bay Realty

Listing Agent's Description

Under Construction. Brand-new Home by WestBay, ready December. The Kingfisher is an exciting design fit for a variety of lifestyles and families in true Florida style! The expansive and open two-story floor plan opens with lovely Gunsmoke 7x24 Barnwood-tinted wood-look staggered tile from the foyer, through to the dining room that then leads into the grand room filled with natural light and sliding door access to the large lanai! From the grand room is the kitchen with large island, stainless-steel GE kitchen appliances, Timberlake Downing Duraform Stone cabinets with satin nickel pulls, Stratus Wh. Corian Quartz counter-tops, back splash, Moen faucets, plenty of counter-top work spaces and walk-in pantry. The kitchen overlooks the spacious, bright breakfast room. The owner's retreat and three additional bedrooms are located upstairs together with the laundry room and bonus room. The secluded owner's retreat is complete with an over-sized walk-in closet and large walk-in shower and dual vanities. Home also comes with fully transferable 2-10 Home-buyer's Warranty. Triple Creek is one of Riverview’s premier master planned communities with two separate clubhouses, multiple pools and one splash pad, tennis, basketball, walking and biking trails, playgrounds, fitness centers, meeting areas and more. Come by and have a tour of Triple Creek’s brand new amenity The Hammock Club. Completion date subject to change.

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: 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
Summerfield Elementary School Primary Regular 870 66 3
Barrington Middle School Middle Regular 1,227 70 6
East Bay High School High Regular 2,330 126 4

Summerfield Elementary School

  • Education Level: Primary
  • # of students: 870
  • # of teachers: 66
3
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
 

$325,817$398,221$362,019

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,336
Property Tax -$499
Property Insurance -$195
HOA -$6
Property Management Fees -$80
CASH FLOW
-$45

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$362,019

PROJECTED PRICE

$2,070

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.81%
Maintenance Year (1-5) 3.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,935

INVESTMENT

$97,935

Down Payment
$90,505
Rehab Estimate
$2,000
Closing Costs
$5,430

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,336

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,505
Loan Amount $271,514
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$26,244

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,096

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,985
1$1,9852$2,0453$2,0504$2,0705$2,100
$2,100
RENT COMPS ANALYSIS
  • 13129 Monach Isles Dr Riverview, 4
    • 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.76
    •  
  • 12008 Streambed Dr Riverview, 1
    • 5 beds 3 baths ∙ 2,584 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,584 Sqft ∙ Built 2013
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.77
    •  
  • 12036 Cardinal Flower Dr Riverview, 2
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2017
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.79
    •  
  • 12017 Cardinal Flower Dr Riverview, 3
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2018
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.79
    •  
  • 13218 Royal Pines Ave Riverview, 5
    • 5 beds 3 baths ∙ 2,923 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,923 Sqft ∙ Built 2014
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
PROPERTY LISTING DETAILS
Josue Hernandez
1.813.438.3838
Homes By West Bay Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261050
Last Updated: 08/24/2020
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