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9025 Sienna Moss Ln Riverview, FL 33578

4 Beds 5 Baths 2,988 sqft Built 2009

$350,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2009
  • Price/Sqft : $117.14
  • 80 Days on Market
  • MLS # : T3260674
  • Updated Date : 11/05/2020 at 16:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,988 sqft
  • Baths : 4 full , 1 half
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Spacious, 2 story home in a gated community with large back lanai and fabulous lake views! This home boasts many upgrades including 2 new A/C units, a new water heater, new garage door opener/springs, granite countertops, recessed lighting and REAL wood floors that include a 10 year warranty. The backyard is complete with many beautifully landscaped trees. The community has 3 pools, basketball courts, sidewalks and a playground. Don't miss this opportunity!

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: Greater Palm River Point

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $54k268k

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

Neighborhood: Greater Palm River Point

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
Frost Elementary School Primary Regular 857 66 6
Giunta Middle School Middle Regular 951 61 1
Spoto High School High Regular 1,449 88 3

Frost Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 66
6
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,291
Property Tax -$482
Property Insurance -$210
HOA -$150
Property Management Fees -$80
CASH FLOW
$6

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.

$350,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 5.1%
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$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$25,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,211

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2203$2,3504$2,500
$2,500
RENT COMPS ANALYSIS
  • 9025 Sienna Moss Ln Riverview, FL 2
    • 4 beds 5 baths ∙ 2,988 Sqft ∙ Built 2009 4 beds 5 baths ∙ 2,988 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.74
    •  
  • 7902 Camden Woods Dr Tampa, FL 1
    • 5 beds 4 baths ∙ 2,831 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,831 Sqft ∙ Built 2007
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.70
    •  
  • 8624 Turnstone Shore Ln Riverview, FL 3
    • 5 beds 3 baths ∙ 3,259 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,259 Sqft ∙ Built 2010
    LEASED 07/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.72
    •  
  • 9029 Mountain Magnolia Dr Riverview, FL 4
    • 4 beds 4 baths ∙ 3,110 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,110 Sqft ∙ Built 2014
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jesse Spencer
1.267.242.6462
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260674
Last Updated: 11/05/2020
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