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13614 Artesa Bell Dr Riverview, FL 33579

3 Beds 3 Baths 2,457 sqft Built 2016

$296,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $120.84
  • 2 Days on Market
  • MLS # : T3277327
  • Updated Date : 11/21/2020 at 23:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,457 sqft
  • Baths : 2 full , 1 half
Listing Agent

Metamorphosis Group

Listing Agent's Description

*More interior photos will be added soon.* This beautiful 3/3 CalAtlantic home boasts the Bonita floorplan and is located in the serenity of Riverview South Fork Phase III. If you're lucky enough to call this your new home, you will inherit a blank canvas with all the right options and upgrades already in place to make it easy to create a home unique to your designs. Once you step in, you'll see why this one won't last. The open floor plan and upgraded ceramic woodgrain flooring in rich mahogany is warm and welcoming, while the gourmet kitchen with upgraded 42" antique cabinets with crown molding, large center island, granite countertops, Whirlpool stainless steel appliances, make entertaining effortless. The triple sliding glass doors open onto a 10' x 30' screened in lanai with a trussed roof extend your living space. The Owner's suite features tray ceilings, a large walk-in closet, brushed nickel shower enclosure and luxurious garden bathtub and granite counters. There are two other bedrooms in this home that share a hall bath with full shower and a large linen closet. Completing this home is a large 11' x 14' home office with double doors, utility room, and powder room. Other extras include a dining room, 5 1/4 baseboards throughout the home, additional recessed lighting and fan prewires. The garage, though it appears to be a 2-car is actually a 3 car garage, and includes mounted storage racks. The current owner has converted part of the garage to a home gym, leaving the attached mirrors. South Fork Phase III is a peaceful space, which has access to enticing amenities including the community pool with kiddie pool, two playgrounds, dog park, basketball court, picnic benches and grills, and miles of hiking trails. Hurry, it won't last!

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: South Fork

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: South Fork

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
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
 

$267,210$326,590$296,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,095
Property Tax -$505
Property Insurance -$179
HOA -$26
Property Management Fees -$80
CASH FLOW
-$17

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.

$296,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.3%
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$84,429

INVESTMENT

$84,429

Down Payment
$74,225
Rehab Estimate
$5,750
Closing Costs
$4,454

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,095

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,225
Loan Amount $222,675
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,8503$1,8704$1,9505$2,200
$2,200
RENT COMPS ANALYSIS
  • 13614 Artesa Bell Dr Riverview, FL 3
    • 3 beds 3 baths ∙ 2,457 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,457 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.76
    •  
  • 11428 Callaway Pond Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 2006
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.71
    •  
  • 11503 Brighton Knoll Loop Riverview, FL 2
    • 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2015
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 11629 Brighton Knoll Loop Riverview, FL 4
    • 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
    •  
  • 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
Tasha Tillman
1.813.613.8411
Metamorphosis Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277327
Last Updated: 11/21/2020
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