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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $109.90
- 5 Days on Market
- MLS # : W7828934
- Updated Date : 12/09/2020 at 13:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,869 sqft
- Baths : 2 full , 1 half
Listing Agent
54 Realty Llc
Listing Agent's Description
Charming 4 bedroom, 2.5 bathroom, two-story home in Riverview. Upon arriving at this home, you are welcomed into a foyer that opens to a large formal living room on the right with tile floors and high ceilings. Continuing from the living room, you have a formal dining room with picture windows allowing for an abundance of natural light. The spacious kitchen boasts granite countertops, honey oak wood cabinets with crown molding, stylish tile backsplash, closet pantry, and a large eat-in breakfast nook with bay windows. Overlooking the kitchen is a cozy family room with sliding doors that lead to the covered patio. Upstairs you will find the large primary bedroom that features tray ceilings, dual walk-in closets, and an en suite bathroom with dual separate vanity sinks, large soaking tub, and a large tiled walk-n shower. The upstairs is complete with 3 additional bedrooms and a full bathroom with a shower/tub combo. In the rear of the room, you can relax on the large covered patio overlooking the expansive fenced backyard with plenty of room to add a pool. Located in Riverview, this home is convenient to I-75, and the Selmon Expressway making for an easy commute to Downtown Tampa, Brandon, and surrounding areas.
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
Zip Code: 33578
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33578
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,030 |
| EXPENSES | Loan Payment | -$1,163 |
| Property Tax | -$434 | |
| Property Insurance | -$203 | |
| HOA | -$20 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$80
|
||
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.
$315,300
PROJECTED PRICE
$2,030
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$89,305
LOAN DETAILS
$1,163
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,825 |
| Loan Amount | $236,475 |
7.5
YEARS SAVED
$35,012
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,030
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,281
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/01/20- Rent
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- $1,925
- $0.72
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LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,975
- $0.78
-
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LEASED 09/20/19- Rent
- Rent Per SQFT
- $2,500
- $0.80
-
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- 4 beds 4 baths ∙ 2,941 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,941 Sqft ∙ Built 2013
![property image]()
LEASED 07/01/19- Rent
- Rent Per SQFT
- $2,600
- $0.88
PROPERTY LISTING DETAILS
1.813.435.5411
54 Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7828934
Last Updated: 12/09/2020
