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PROPERTY INFO
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
- 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
* 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 | $1,440 |
| 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
| 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
$60,075
LOAN DETAILS
$712
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
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
-
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
1.813.703.0683
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285841
Last Updated: 01/23/2021
