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13419 Copper Head Dr Riverview, FL 33569

4 Beds 3 Baths 2,215 sqft Built 2003

$279,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $125.96
  • 3 Days on Market
  • MLS # : T3277234
  • Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,215 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Realty Associates

Listing Agent's Description

Beautiful 4 bedroom two and a half bath 2-story home located in the A-rated school district of Riverview/Fishhawk. Beautiful wood tiled floors extend through the entire first floor, stairway and all bathrooms only 2 years old. Eat-in kitchen has an island and two pantries for plenty of cupboard space. First floor you will also find a spacious family room, formal dining room, and large bonus room that could be used as a 5th bedroom. Head upstairs to an extra large master suite with two large closets and a master bathroom with garden tub and walk in shower. The other three bedrooms are all large with walk in closets. Sliders off of the kitchen lead to a large screened in porch and nice sized fenced in yard. Water heater new as well as the water softener and microwave. Great location with easy access to shopping, restaurants, I-75 and not far from MacDill and gulf beaches.

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: Boyette

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Boyette

NeighborhoodNIR 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
Boyette Springs Elementary School Primary Regular 559 41 6
Barrington Middle School Middle Regular 1,227 70 6
Newsome High School High Regular 2,469 125 9

Boyette Springs Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 41
6
GreatSchools Rating

Barrington Middle School

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

Newsome High School

  • Education Level: High
  • # of students: 2,469
  • # of teachers: 125
9
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,029
Property Tax -$384
Property Insurance -$165
HOA -$19
Property Management Fees -$80
CASH FLOW
-$18

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.

$279,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.59%

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

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$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$21,853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,805

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,6953$1,7954$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 13419 Copper Head Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.75
    •  
  • 10332 Frog Pond Dr Riverview, FL 2
    • 3 beds 3 baths ∙ 2,373 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,373 Sqft ∙ Built 2003
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.71
    •  
  • 10728 Deepbrook Dr Riverview, FL 3
    • 5 beds 3 baths ∙ 2,123 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,123 Sqft ∙ Built 2001
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 10435 Crestfield Dr Riverview, FL 4
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1992
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 13502 Blue Sunfish Ct Riverview, FL 5
    • 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2003
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.84
    •  
PROPERTY LISTING DETAILS
Julie Coggins
1.813.689.3115
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277234
Last Updated: 11/21/2020
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