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13203 Orca Sound Drive Riverview, FL 33579

3 Beds 2 Baths 2,016 sqft Built 2018

$290,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $143.85
  • 7 Days on Market
  • MLS # : T3283129
  • Updated Date : 01/07/2021 at 09:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,016 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Unlimited

Listing Agent's Description

Stunning one-story home in Triple Creek is better than new. 2018 Mattamy Home, Lucine Model - 3/2/2 w /den will not last long! This beautifully maintained home is spacious with an open split floor plan featuring a large family/dining room, and a den/office ceramic tiled flooring which is in all but the bedrooms/ den. This home has many outstanding features including: 42” kitchen cabinets with lots of storage space, granite counter tops, stainless steel appliances, a beautiful backsplash, pendant lighting, a walk-in pantry and a large sit around island. The master bedroom suite features a tray ceiling, lots of natural light and a spacious walk-in closet. The master bath offers a dual sink vanity, large shower, a second walk in closet and a private water closet. The community amenities include two swimming pools, basketball and tennis courts, a fitness center, a dog park, and a shaded playground. There are also miles of walking trails throughout the community. Triple Creek is located in central Hillsborough County and is close to I-75, US 301, and US 41 ensuring a quick commute to downtown Tampa, MacDill AFB, the outlet malls and the beautiful beaches of both Pinellas and Sarasota counties.

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

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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,007
Property Tax -$474
Property Insurance -$154
HOA -$4
Property Management Fees -$129
CASH FLOW
$22

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.

$290,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.62%

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

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$22,257

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7903$2,0454$2,0455$2,100
$2,100
RENT COMPS ANALYSIS
  • 13203 Orca Sound Drive Riverview, FL 2
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.89
    •  
  • 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
    •  
  • 13244 Satin Lily Dr Riverview, FL 3
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2018
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $1.00
    •  
  • 12115 Streambed Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2013
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.90
    •  
  • 12215 Streambed Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2018
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
PROPERTY LISTING DETAILS
Evelyn Cilmi
1.813.245.4094
Re/max Realty Unlimited
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283129
Last Updated: 01/07/2021
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