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13308 Beechberry Dr Riverview, FL 33579

4 Beds 2 Baths 1,612 sqft Built 1994

$249,900

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $155.02
  • 4 Days on Market
  • MLS # : T3293159
  • Updated Date : 03/04/2021 at 16:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Mcpeak Real Estate Firm

Listing Agent's Description

Newly renovated 4 bedroom 2 bath home in the Riverview area. Large partially fenced back yard over-looks the water. Kitchen with granite counter tops and all new appliances. Master bed, great room and fourth bedroom walk out onto the screened lanai. Master bath has garden tub, granite counters and large walk-in closet. This one will not last long!

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
Eisenhower Middle School Middle Regular 1,282 86 4
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

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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$868
Property Tax -$344
Property Insurance -$130
HOA -$37
Property Management Fees -$129
CASH FLOW
$62

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.

$249,900

PROJECTED PRICE

$1,570

PROJECTED RENT

0.63%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$23,809

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5703$1,6004$1,6255$1,675
$1,675
RENT COMPS ANALYSIS
  • 13308 Beechberry Dr Riverview, FL 2
    • 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.97
    •  
  • 12005 Cedarfield Dr Riverview, FL 1
    • 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 2003
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.98
    •  
  • 13428 Graham Yarden Dr Riverview, FL 3
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2010
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 11101 Whittney Chase Dr Riverview, FL 4
    • 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 2004
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.05
    •  
  • 11318 Flora Springs Dr Riverview, FL 5
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2007
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jim Mcpeak
1.813.495.3875
Mcpeak Real Estate Firm
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3293159
Last Updated: 03/04/2021
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