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6932 Cohasset Cir Riverview, FL 33578

4 Beds 2 Baths 2,166 sqft Built 2000

$349,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $161.54
  • 4 Days on Market
  • MLS # : T3283626
  • Updated Date : 01/08/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,166 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Look no further! A lovely 4 bedroom POOL home is waiting for you in Lake St Charles. Nestled just across from the lake you have all you could need inside. Enter through a screened in lanai to the double glass front doors. You have a bonus living, office, or den space to your left with large windows for beautiful natural light. Across sits a large formal dining room with plenty of space for entertaining your friends and family. Beyond, the extra-large great room has soaring ceilings with built in surround sound with a beautiful view of the inground pool. Beautiful hardwood floors throughout most of the home. The kitchen is open to the great room. This home does have a split floorplan that includes a pool bathroom on one side with 3 bedrooms while the large master bedroom is positioned on the other side of the home for added privacy. The master includes two walk-in closets, glass sliding doors to the pool, windows galore, and a large master en-suite bath. Soak in the tub after a long day or enjoy the separate shower. His and hers dual sinks so no one has to share. Step outside to the large, covered lanai to entertain friends while you grill or have some fun in the sun by the pool in your private oasis. There is also plenty of green space for your furry friends outside of the pool’s screened enclosure. Brand new AC in 2020. Call today for your private tour, this one wont last long!

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: 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,215
Property Tax -$482
Property Insurance -$162
HOA -$10
Property Management Fees -$129
CASH FLOW
$61

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.

$349,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 4.7%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$30,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,717

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6353$1,8204$1,8505$2,060
$2,060
RENT COMPS ANALYSIS
  • 6932 Cohasset Cir Riverview, FL 5
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.95
    •  
  • 6713 Waterton Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,969 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,969 Sqft ∙ Built 2003
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 6769 Waterton Dr Riverview, FL 2
    • 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 2004
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.76
    •  
  • 10136 Somersby Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1998
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.79
    •  
  • 10452 Ashley Oaks Dr Riverview, FL 4
    • 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 1998
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
PROPERTY LISTING DETAILS
April Heinrich
1.813.240.0188
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283626
Last Updated: 01/08/2021
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