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9509 Glenpointe Dr Riverview, FL 33569

3 Beds 2 Baths 1,571 sqft Built 1992

$259,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $165.44
  • 4 Days on Market
  • MLS # : T3283705
  • Updated Date : 01/09/2021 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,571 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

A PRIVACY-FENCED, DOUBLE-GATED YARD OF 1/3 ACRE AND A NEWLY SCREENED, 540-SF LANAI TO ENJOY IT make this property stand out from the competition! Added to a wide-open floor plan with soaring cathedral ceilings, they also help the 3-bedroom/2-bath home live larger than 1,600 SF. Put it all together on a cul-de-sac street in popular Riverglen -- and you've found an opportunity that's hard to beat! Upgrades include stainless-steel appliances, white-wood cabinets and granite counters with an undermount sink in the tiled kitchen, brand-new carpet in every bedroom, fresh paint inside, fresh landscaping outside, and custom shutters for all windows on the front side of the fence. This design provides a central living room, front dining room, and rear family room with French doors to the lanai. The kitchen on one side of the home includes a windowed cafe space and a double-door closet for washer and dryer. On the other side of the home, 2 bedrooms share a hall bath and the master bedroom in back has its own twin-sink bath with garden tub and separate shower. Riverglen's HOA is only $85 quarterly, yet you get two neighborhood playground parks and all the conveniences of this excellent location!

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: Riverglen of Brandon

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k406k

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

Neighborhood: Riverglen of Brandon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052106

* 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
Boyette Springs Elementary School Primary Regular 559 41 6
Barrington Middle School Middle Regular 1,227 70 6
Riverview High School High Regular 2,387 128 6

Boyette Springs Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 41
6
GreatSchools Rating

Barrington Middle School

  • Education Level: Middle
  • # of students: 1,227
  • # of teachers: 70
6
GreatSchools Rating

Riverview High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 128
6
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$903
Property Tax -$358
Property Insurance -$128
HOA -$28
Property Management Fees -$129
CASH FLOW
$74

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.

$259,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$25,908

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6203$1,6844$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 9509 Glenpointe Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.03
    •  
  • 12108 Fruitwood Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1987
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 8502 Dee Cir Riverview, FL 3
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1984
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,684
    • $1.09
    •  
  • 11808 Rossmayne Dr Riverview, FL 4
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1995
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 9615 Laurel Ledge Dr Riverview, FL 5
    • 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2001
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ann Marie Vaughan
1.813.748.4536
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283705
Last Updated: 01/09/2021
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