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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $137.50
- 3 Days on Market
- MLS # : T3288598
- Updated Date : 02/05/2021 at 06:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,472 sqft
- Baths : 2 full , 1 half
Listing Agent
Bex Realty, Llc
Listing Agent's Description
Immaculate move-in ready home features 4 bedrooms, 2 and a 1/2 bathrooms, an attached 3 car garage. The grand oversized entryway opens up to a spacious living room and huge eat-in kitchen complete with a massive island, pantry, and 42-inch cabinets. High ceilings and oversized windows provide an abundance of natural light while gorgeous ceramic tile flooring perfectly accents the home's light and bright contemporary style. Sliding glass doors lead to a covered lanai and huge completely fenced in backyard, offering both privacy and tranquility with a peaceful glimpse of the pond. The expansive owner's suite includes a large en-suite bathroom with dual sinks and large walk-in closet. The 3 additional bedrooms are located on the opposite side of the home and share a full bathroom with dual sinks, providing guests both privacy and convenience. Located in Riverview just south of Tampa, Southfork provides a suburban living feel.Enjoy the extensive amenities like the community center where you can host outdoor social gatherings, take a dip in the gorgeous resort style pool, shoot hoops on the basketball court, or let the littles explore the expansive playground complete with a jungle gym. The many sidewalks for biking and running allow you to enjoy the fresh air and meet the many friendly neighbors. The highly sought after South Fork community is conveniently located just minutes from local dining, shopping, the VA clinic, and hospital, yet just a short drive from all the attractions and entertainment downtown Tampa has to offer. to I75, US301 and US41, a convenient commute to Macdill AFB.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33579
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$550 | |
| Property Insurance | -$180 | |
| HOA | -$8 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$128
|
||
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.
$339,900
PROJECTED PRICE
$1,920
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,824
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
4.17
YEARS SAVED
$13,005
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,928
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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13502 White Sapphire Rd Riverview, FL 2
- 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $1,920
- $0.78
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11570 Misty Isle Ln Riverview, FL 1
- 4 beds 4 baths ∙ 2,541 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,541 Sqft ∙ Built 2005
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LEASED 02/25/20- Rent
- Rent Per SQFT
- $1,850
- $0.73
-
11629 Brighton Knoll Loop Riverview, FL 3
- 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2015
![property image]()
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,950
- $0.76
-
11311 Brighton Knoll Loop Riverview, FL 4
- 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2017
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,050
- $0.79
-
11313 Brighton Knoll Loop Riverview, FL 5
- 4 beds 2 baths ∙ 2,609 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,609 Sqft ∙ Built 2018
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.84
PROPERTY LISTING DETAILS
1.813.770.9817
Bex Realty, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3288598
Last Updated: 02/05/2021
