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6736 Summer Haven Dr Riverview, FL 33578

3 Beds 2 Baths 1,182 sqft Built 2004

$219,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $185.28
  • 2 Days on Market
  • MLS # : T3289184
  • Updated Date : 02/13/2021 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,182 sqft
  • Baths : 2 full
Listing Agent

Tropic Shores Realty Llc

Listing Agent's Description

Check out this lovely 3-bedroom, 2-bathroom move in ready home! It has a split floor plan and features vaulted ceilings throughout the main living areas. The spacious kitchen boasts stainless steel appliances and a gas stove. In the Master bedroom you'll find ample closet space and an ensuite bath. This beautiful home includes a covered and screened in lanai, creating additional outdoor living and entertainment space, a fenced in backyard and also is one of the very few homes in the community with a double long driveway. Located in Riverview in the highly sought after community of Bloomingdale Ridge, it is conveniently located near all that Brandon and Riverview has to offer. This community is just a couple of minutes from HWY 301, I75, and the crosstown Expressway making your commute an easy one. It has NO CDD fees, very low HOA dues and it's very own private fishing lake. Schedule your showing today before this one is gone!

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 Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $55k268k

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

Neighborhood: Bloomingdale Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7391726

* 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
 

$197,100$240,900$219,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$761
Property Tax -$302
Property Insurance -$105
HOA -$28
Property Management Fees -$129
CASH FLOW
-$4

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.

$219,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 5.8%
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$100k$200k$300k$400k$500k$600k$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,750
Loan Amount $164,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$13,775

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,318

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3203$1,4004$1,4005$1,425
$1,425
RENT COMPS ANALYSIS
  • 6736 Summer Haven Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.12
    •  
  • 6217 Calamari Pl Riverview, FL 1
    • 3 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,158 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.10
    •  
  • 6609 Northhaven Ct Riverview, FL 3
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2001
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 6226 Calamari Pl Riverview, FL 4
    • 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,211 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.16
    •  
  • 6719 Summer Cove Dr Riverview, FL 5
    • 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 2000
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.10
    •  
PROPERTY LISTING DETAILS
Janeen Shorosh
1.352.410.9347
Tropic Shores Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289184
Last Updated: 02/13/2021
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