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13216 Early Run Ln Riverview, FL 33578

3 Beds 2 Baths 1,239 sqft Built 2003

$229,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $184.83
  • 12 Days on Market
  • MLS # : T3274256
  • Updated Date : 11/10/2020 at 10:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,239 sqft
  • Baths : 2 full
Listing Agent

Dennis Realty & Inv. Corp.

Listing Agent's Description

Completely updated 3 bed 2 bath home in the South Pointe community with NO CDD fess and low HOA fees. This home features a Brand New Roof! Inside you will find a nice, open floor plan with a large combo living room/dining room featuring brand new laminate flooring. The kitchen has been completely upgraded with Brand New Cabinetry, Granite Counter Tops and New Stainless Steel Appliances (delivery and install imminent). There is a pass through area with a breakfast bar and an eat in space here also. Split floor plan offers a private master en-suite with a walk in closet and bathroom with a new vanity and granite top. New carpet and paint in the 2nd and 3rd bedrooms and the 2nd bath has also been upgraded with a new vanity and granite top. The large back yard is perfect for entertaining! Located conveniently to I-75, it is an easy commute to Tampa and Orlando as well as the Sarasota area. The South Pointe community features amazing amenities including a community center with pool, a large park area with basketball courts and playgrounds. Do not miss out!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$845
Property Tax -$315
Property Insurance -$108
HOA -$47
Property Management Fees -$80
CASH FLOW
-$55

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.

$229,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$13,289

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,403

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3953$1,4004$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 13216 Early Run Ln Riverview, FL 1
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.08
    •  
  • 12404 Hawkeye Point Pl Riverview, FL 2
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 12427 Dawn Vista Dr Riverview, FL 3
    • 4 beds 2 baths ∙ 1,280 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,280 Sqft ∙ Built 1998
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.09
    •  
  • 13146 Early Run Ln Riverview, FL 4
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 2003
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
  • 10309 Granada Green Ct Riverview, FL 5
    • 4 beds 2 baths ∙ 1,396 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,396 Sqft ∙ Built 2008
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.15
    •  
PROPERTY LISTING DETAILS
Scott Robinson
1.813.244.7139
Dennis Realty & Inv. Corp.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274256
Last Updated: 11/10/2020
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