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6008 Crickethollow Dr Riverview, FL 33578

3 Beds 2 Baths 1,497 sqft Built 1989

$264,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $176.95
  • 3 Days on Market
  • MLS # : T3290080
  • Updated Date : 02/13/2021 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,497 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Perfect starter or investment home in desirable Bloomingdale Hills, great location with easy access to Tampa downtown, I-75, 301, and Selmon Expressway, restaurants, Brandon mall, Tampa airport, and Mac Dill. FRESHLY PAINTED interior offers an open floor plan with a split bedroom plan and vaulted ceilings. Laminate flooring through-out the rooms and vinyl flooring in the bathrooms. NEW WINDOWS in the kitchen and one of the bedrooms. BRAND NEW washer and dryer. The Master bedroom offers a private bathroom with a double sink, bathtub/shower, and walk-in closet. The secondary bedrooms are adjacent to the second full bathroom. The backyard is fully fenced with screened lanai. Move-In ready. A new water heater is being installed late February. MUST SEE.

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bloomingdale Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k268k

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

Neighborhood: Bloomingdale Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8781726

* 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
Symmes Elementary School Primary Regular 651 49 4
Giunta Middle School Middle Regular 951 61 1
Spoto High School High Regular 1,449 88 3

Symmes Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 49
4
GreatSchools Rating

Giunta Middle School

  • Education Level: Middle
  • # of students: 951
  • # of teachers: 61
1
GreatSchools Rating

Spoto High School

  • Education Level: High
  • # of students: 1,449
  • # of teachers: 88
3
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$920
Property Tax -$365
Property Insurance -$123
HOA -$19
Property Management Fees -$129
CASH FLOW
-$66

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.

$264,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$12,873

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,5504$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 6008 Crickethollow Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,497 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.00
    •  
  • 6005 Crickethollow Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1988
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
  • 2016 Cattleman Dr Brandon, FL 3
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1994
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
  • 10902 Carnelian Ln Riverview, FL 4
    • 4 beds 2 baths ∙ 1,686 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,686 Sqft ∙ Built 1988
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
  • 6229 Crickethollow Dr Riverview, FL 5
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2000
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
PROPERTY LISTING DETAILS
Elle George
1.813.220.2970
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3290080
Last Updated: 02/13/2021
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