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6722 Thackston Dr Riverview, FL 33578

4 Beds 2 Baths 2,121 sqft Built 2002

INVESTimate

$289,500

List Price

$1,910

$1,719 - $2,101

Rent Est.

$303,193  ( +4.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $136.49
  • 5 Days on Market
  • MLS # : T3260436
  • Updated Date : 08/24/2020 at 12:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,121 sqft
  • Baths : 2 full
Listing Agent

Florida Executive Realty

Listing Agent's Description

An outstanding 3-way split floor plan with open feeling as soon as you walk in! Front door with sidelight and transom. Large, light-and-bright living room and dining room with elegant columns leading to the family room and "Custom Touch" kitchen. The living room/dining room combined are 18.5x17.5 and Kitchen is 19' long, including breakfast area. Kitchen boasts the warmth of a brick hearth, balanced with the clean lines of long Corian counters. Easy to cook on the glass cooktop with plenty of space around it, and the built-in oven and microwave. Enjoy the roomy breakfast area and loads of cabinet space, big pantry storage and 18" ceramic tile floors. Spacious family room features ceramic tile flooring and sliders to patio. Master bedroom with sliders to patio, great lighting and 2 super walk-in closets. Plenty of room in the master bath that shows off the solid surface double vanity, separate shower plus garden tub for relaxation. Rear bedroom, has sliders.. Inside laundry room with a storage closet and shelving. You will love the 3 car garage. Huge tiled screened patio for extra living space. Large front porch. Ceiling fans throughout the home. This community has a 70-acre lake, 2 miles of paved nature paths, 10 exercise stations and benches. Clubhouse with huge lap pool, spa, covered baby pool overlooking the lake and beautiful new bathrooms 2019. Enjoy 15 acres of outdoor park facilities, soccer/baseball fields, 2 basketball courts, 3 tennis courts, dog park, canoe launch and 2 fishing docks, 2 playgrounds, a gazebo, picnic area and pet water stations. HOA is only $120/YEAR for this well maintained neighborhood! Buyer to verify all room sizes, pet restrictions and rental restrictions. Very close I-75 & Selmon Expressway access for short travel to MacDill AFB, downtown Tampa, airport and shopping.

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lake St. Charles

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $85k312k

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

Neighborhood: Lake St. Charles

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781809

* 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
Riverview Elementary School Primary Regular 622 54 5
Giunta Middle School Middle Regular 951 61 1
Spoto High School High Regular 1,449 88 3

Riverview Elementary School

  • Education Level: Primary
  • # of students: 622
  • # of teachers: 54
5
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
 

$260,550$318,450$289,500

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,068
Property Tax -$516
Property Insurance -$160
HOA -$10
Property Management Fees -$80
CASH FLOW
$76

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.

$289,500

PROJECTED PRICE

$1,910

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 4.73%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,468

INVESTMENT

$82,468

Down Payment
$72,375
Rehab Estimate
$5,750
Closing Costs
$4,343

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,068

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,375
Loan Amount $217,125
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$30,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,866

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8853$1,8994$1,9105$1,995
$1,995
RENT COMPS ANALYSIS
  • 6722 Thackston Dr Riverview, 4
    • 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,121 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.90
    •  
  • 9710 Bay Colony Dr Riverview, 1
    • 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2005
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 7814 Riverwood Oaks Dr Riverview, 2
    • 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2004
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $0.84
    •  
  • 9715 Bay Colony Dr Riverview, 3
    • 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 2001
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.88
    •  
  • 6805 Bishops Pointe Way Riverview, 5
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2004
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jacque Woltmann
1.813.220.5731
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260436
Last Updated: 08/24/2020
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