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9010 Pinebreeze Dr Riverview, FL 33578

4 Beds 3 Baths 2,700 sqft Built 2004

$389,620

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $144.30
  • 2 Days on Market
  • MLS # : T3276916
  • Updated Date : 11/21/2020 at 12:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,700 sqft
  • Baths : 3 full
Listing Agent

Coastal Properties Group Inter

Listing Agent's Description

ORIGINAL OWNER METICULOUS HOME! The Sanctuary at Parkway Center/Oak Creek is an exclusive gated community in Riverview. This 4 bedroom, 3 bath, 2700 square foot pool home is set on a pond with no rear neighbors for peaceful enjoyment on your huge screened in lanai. As you pull up to the home you will notice the manicured lawn and extensive landscaping which extends throughout the entire property. Enter the home and notice the wonderful open floor plan with soaring ceilings and detailed archways, chair rail, built-ins and to the back of the home is a HUGE set of sliding doors that open the whole great room to the lanai and pool area along with a large transom window above the sliders for tons of natural light. The home was built by Smith when the community was developed and is a step above the other builders, these homes were the premier homes in the neighborhood to own at time of construction and you will see the difference when you come view this property. The floorplan is fantastic with your formal living room (currently used as a billiards room) and formal dining rooms at the front of the house with the kitchen at the heart of the home overlooking the great room and off the dining area. Split floor plan with the master suite featuring a double sided gas fireplace and sliders to the lanai, along with a huge walk in closet, garden tub, and separate shower, plus expansive vanity with dual sinks and separate water closet. There are 2 additional bedrooms with crown molding and chair rail that share a hall bath and the 4th bedroom is set up as an en-suite with it's own bath and walk in shower, along with it's own sliders to the pool/lanai, this is ideal for in-laws or nanny or just a really nice and private guest suite which also features crown molding and chair rail. The kitchen has beautiful maple cabinetry and tons of it, corian countertops, spacious bar seating, an island and a larger breakfast nook, this home is made for entertaining! You will love the location of this community which is a short drive to downtown Tampa, Tampa International Airport, the Lightning Arena, Bucs stadium, all within 30 minutes, but also if you stay in the Brandon/Riverview area, there is all the dining, shopping and entertainment options you need plus Top Golf 10 minutes away!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Sanctuary at Oak Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k357k

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

Neighborhood: Sanctuary at Oak Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8782063

* 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
Ippolito Elementary School Primary Regular 775 64 3
Giunta Middle School Middle Regular 951 61 1
Spoto High School High Regular 1,449 88 3

Ippolito Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 64
3
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
 

$350,658$428,582$389,620

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,438
Property Tax -$537
Property Insurance -$194
HOA -$79
Property Management Fees -$80
CASH FLOW
-$97

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.

$389,620

PROJECTED PRICE

$2,230

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,999

INVESTMENT

$108,999

Down Payment
$97,405
Rehab Estimate
$5,750
Closing Costs
$5,844

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,438

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,405
Loan Amount $292,215
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$21,753

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,228

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,945
1$1,9452$1,9753$2,1004$2,2305$2,600
$2,600
RENT COMPS ANALYSIS
  • 9010 Pinebreeze Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.83
    •  
  • 7556 Forest Mere Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2012
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.78
    •  
  • 7226 Bucks Ford Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2004
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.78
    •  
  • 7102 Harvest Glen Ln Riverview, FL 3
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2009
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 8814 Deep Maple Dr Riverview, FL 5
    • 4 beds 4 baths ∙ 2,941 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,941 Sqft ∙ Built 2013
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kelly Parks
1.517.812.9706
Coastal Properties Group Inter
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276916
Last Updated: 11/21/2020
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