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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Riverglen of Brandon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
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
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9509 Glenpointe Dr Riverview, FL 2
- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1992
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- Rent
- Rent Per SQFT
- $1,620
- $1.03
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12108 Fruitwood Dr Riverview, FL 1
- 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1987
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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
1.813.748.4536
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3283705
Last Updated: 01/09/2021
