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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bloomingdale Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$63,785
LOAN DETAILS
$761
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $54,750 |
| Loan Amount | $164,250 |
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
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6736 Summer Haven Dr Riverview, FL 2
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6217 Calamari Pl Riverview, FL 1
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LEASED 05/01/20- Rent
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- $1,275
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6609 Northhaven Ct Riverview, FL 3
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LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,400
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-
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
1.352.410.9347
Tropic Shores Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3289184
Last Updated: 02/13/2021
