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13705 Sanford Hill Pl Riverview, FL 33579

4 Beds 3 Baths 2,527 sqft Built 2010

$319,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $126.59
  • 3 Days on Market
  • MLS # : T3296636
  • Updated Date : 03/20/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,527 sqft
  • Baths : 3 full
Listing Agent

Jrac Realty, Llc

Listing Agent's Description

Welcome to your beautiful new home located in The South Fork community of South Riverview. The exterior was just repainted this month (March 2021) and the mature landscaping provides lots of beautiful curb appeal. Upon entry through the foyer you will encounter a stunning formal living/dining room that features luxurious double tray ceilings and hand scraped wood-look laminate flooring. Your master retreat is located in the front of the home and is well appointed with custom tray ceilings, multiple walk in closets, and an en suite bath providing double sinks, walk in shower, and garden tub. As you pass through the formal areas, you’ll be pleasantly surprised to encounter an enormous great room as well as the kitchen that boasts stainless steel appliances, granite counters, and a breakfast bar providing the perfect space for the family to gather. In the rear of the home you’ll find bedroom two, located directly across from the second bath with access to the covered back patio. Two other sufficiently sized bedrooms and the third full bath finish off this perfect layout. The office located to the right of the homes entry is currently being used as a 5th bedroom. As you go from the kitchen to the garage, you’ll pass the conveniently located laundry room. With such an expansive layout, this home has limitless flexibility to furnish & utilize however it best suits your needs. Four different access points lead to the fully fenced & extremely spacious rear yard. The South Fork subdivision has miles of trails, a resort style pool, playground, park and tennis court. Everything you need is within minutes of this house, and your commute is easily accessible to all points in all directions. This one will not last long so don’t hesitate to see and submit your offer TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,111
Property Tax -$441
Property Insurance -$183
HOA -$50
Property Management Fees -$129
CASH FLOW
$36

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.

$319,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.61%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$25,893

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,066

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9253$1,9504$1,9955$2,185
$2,185
RENT COMPS ANALYSIS
  • 13705 Sanford Hill Pl Riverview, FL 3
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 10907 Australian Pine Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2005
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 10912 Sailbrooke Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1998
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.77
    •  
  • 10803 Sailbrooke Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 11032 Little Blue Heron Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2016
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,185
    • $0.84
    •  
PROPERTY LISTING DETAILS
Alex Colley
1.813.270.3329
Jrac Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296636
Last Updated: 03/20/2021
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