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4803 River Bottom Ct Tampa, FL 33617

3 Beds 2 Baths 1,260 sqft Built 2001

$219,900

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $174.52
  • 5 Days on Market
  • MLS # : T3273984
  • Updated Date : 11/04/2020 at 14:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,260 sqft
  • Baths : 2 full
Listing Agent

Speed Equity Realty Llc

Listing Agent's Description

Beautiful single-family home, located in a highly desirable community. This home is perfect for anyone who wants to enjoy city of Temple Terrace and surroundings. Close to everything; dining, schools, medical facilities & Busch Gardens. Approximately 5 minutes’ drive to Busch Gardens, 10 minutes’ drive to Seminole Hard Rock Hotel & Casino, VA Hospital and USF Tampa Campus. Impressive one-story, three bedrooms, two bathrooms and 1 car garage home. Spacious one car garage and driveway that can fits more cars. Nice kitchen with breakfast bar. The roof was replaced in 2020, new a/c, fresh exterior paint. Carpet and ceramic tile flooring. Very nice back yard. Lower HOA fees.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Temple Crest

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Temple Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Kimbell Elementary School Primary Regular 542 52 1
Greco Middle School Middle Regular 862 57 1
King High School High Magnet 1,889 106 4

Kimbell Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 52
1
GreatSchools Rating

Greco Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 57
1
GreatSchools Rating

King High School

  • Education Level: High
  • # of students: 1,889
  • # of teachers: 106
4
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$811
Property Tax -$265
Property Insurance -$109
HOA -$28
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.

$219,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 14.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$18,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,304

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3003$1,3004$1,3105$1,350
$1,350
RENT COMPS ANALYSIS
  • 4803 River Bottom Ct Tampa, FL 4
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $1.04
    •  
  • 3606 E Idlewild Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2001
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 6218 Rolling Hammock Pl Tampa, FL 2
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1997
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 9414 N 22nd St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2002
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.08
    •  
  • 8512 Lazy River Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2001
    LEASED 05/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.07
    •  
PROPERTY LISTING DETAILS
Christie Ibeh
1.813.477.3824
Speed Equity Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273984
Last Updated: 11/04/2020
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