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13502 White Sapphire Rd Riverview, FL 33579

4 Beds 3 Baths 2,472 sqft Built 2018

$339,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
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

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 Crossings Elementary School Primary Regular 915 62 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Summerfield Crossings Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 62
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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

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

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

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
$1,850
1$1,8502$1,9203$1,9504$2,0505$2,200
$2,200
RENT COMPS ANALYSIS
  • 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
    •  
  • 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
    property image
    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
Christina Alfano
1.813.770.9817
Bex Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288598
Last Updated: 02/05/2021
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