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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Fork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,429
LOAN DETAILS
$1,095
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,225 |
| Loan Amount | $222,675 |
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
-
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
1.813.613.8411
Metamorphosis Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277327
Last Updated: 11/21/2020
