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13818 Moonstone Canyon Dr Riverview, FL 33579

4 Beds 3 Baths 2,575 sqft Built 2015

$399,999

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $155.34
  • 2 Days on Market
  • MLS # : T3277347
  • Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,575 sqft
  • Baths : 3 full
Listing Agent

Urban Island Llc

Listing Agent's Description

Tucked away in the gated castle like neighborhood of the Reserve at South Fork is one of the most beautiful and elegant homes on the market today. As you walk to great room, the kitchen takes your breath away. Nearly an entire slab of Verde Butterfly Granite sit aloft of the kitchen Island and the Antique and Distressed cabinets take your kitchen expectations to another price range you only dream about. The oversized 3 car garage/driveway and 3 full bathrooms will make entertaining guests quiet and comfortable. The master suite will be a place to relax in comfort and privacy. The oversized master bath Jack and Jill design may very well keep your relationship in a state of Zen. A screened in lanai and full privacy fence in the rear will make back yard bbq's a private event and the corner lot will keep your loved ones far removed from the congestion of most neighborhood lots. If you want a new and better life, come here and call us today for your private showing.

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
 

$359,999$439,999$399,999

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,476
Property Tax -$551
Property Insurance -$186
HOA -$79
Property Management Fees -$80
CASH FLOW
-$192

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.

$399,999

PROJECTED PRICE

$2,180

PROJECTED RENT

0.55%

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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,477

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,854

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9504$1,9505$2,180
$2,180
RENT COMPS ANALYSIS
  • 13818 Moonstone Canyon Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.85
    •  
  • 11043 Little Blue Heron Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2015
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 13247 Graham Yarden Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,639 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,639 Sqft ∙ Built 2008
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 11533 Luckygem Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2015
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
  • 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
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
PROPERTY LISTING DETAILS
Ashley Cooley
1.850.732.5867
Urban Island Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277347
Last Updated: 11/22/2020
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