Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13610 Laraway Dr Riverview, FL 33579

3 Beds 2 Baths 1,577 sqft Built 1992

$205,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $129.99
  • 2 Days on Market
  • MLS # : T3285841
  • Updated Date : 01/23/2021 at 20:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,577 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Fresh to the Market! The desirable and convenient Summerfield Village community of Riverview! This 3 Bed 2 Bath move in ready home in a rare find at this price point! You will enjoy the extra sq footage in the heated and cooled enclosed rear patio perfect to hang out and relax or not any time of day! No Carpet throughout! Well maintained and plenty of potential! Perfect for First Time Home Buyer!! Hurry and do not delay if you hesitate you will definitely be too late!! **LOW TAXES AND LOW HOA NO CDD** VERY LIMITED INVENTORY AT THIS PRICE POINT! Welcome Home!!

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

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
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$712
Property Tax -$282
Property Insurance -$128
HOA -$37
Property Management Fees -$129
CASH FLOW
$151

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.

$205,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.70%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$29,100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,475

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4953$1,5504$1,6255$1,675
$1,675
RENT COMPS ANALYSIS
  • 13610 Laraway Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.91
    •  
  • 10809 Summerton Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 2005
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 12976 Fennway Ridge Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 2003
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 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
    property image
    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
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jason Mcintosh
1.813.703.0683
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285841
Last Updated: 01/23/2021
BESbswy