Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9606 Laurel Ledge Dr Riverview, FL 33569

3 Beds 2 Baths 2,161 sqft Built 2003

$264,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $122.58
  • 4 Days on Market
  • MLS # : T3282718
  • Updated Date : 01/01/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,161 sqft
  • Baths : 2 full
Listing Agent

Bayside Realty Group Inc

Listing Agent's Description

~ Beep-beep!...load-up the truck and move right into this lovely home located in the desirable Boyette Farms community! ~ This bright & open floor plan is perfect for the whole family w/ 3 bedrooms, 2 baths, tall ceilings and plenty of living space. The spacious kitchen has a dedicated dining area plus a breakfast bar, wood cabinetry, and all stainless appliances. The kitchen/dining room/family room combine as the heart of this house...generous enough to gather and entertain on a large scale! A desirable split floor-plan places the master suite on its own side of the house...this king-size room has plenty of space to unwind, featuring a tray ceiling and large walk-in closet. Master bathroom says R-E-L-A-X and luxuriate in the large soaking tub, separate WALK-IN shower, and dual vanity sinks. The private & fully fenced backyard makes this the perfect package for the entire family, including Fido! Freshly painted interior ~ new water heater 8/2020 ~ new HVAC system 10/2017...Let's do the math: charming home + low price = great deal!...it's hard to beat this equation! Centrally located in Riverview close to schools, restaurants, and stores & within easy reach of I-75, Selmon Expressway, and U.S. Hwy 301. Perfect location for commutes to Tampa, MacDill AFB and Brandon. Call today and make this house your home! *All information contained herein subject to change without notice to include any fees associated with property. Buyer to satisfy themselves of any/all room measurements.*

SEE MORE

MARKET HIGHLIGHTS

  • #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

Neighborhood: Boyette Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Boyette Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Rodgers Middle School Middle Regular 719 49 3
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

Rodgers Middle School

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 49
3
GreatSchools Rating

Riverview High School

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

$238,410$291,390$264,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$977
Property Tax -$365
Property Insurance -$162
HOA -$45
Property Management Fees -$129
CASH FLOW
$92

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.

$264,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.6%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$33,058

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,864

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7703$1,8344$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 9606 Laurel Ledge Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.82
    •  
  • 9704 Wydella St Riverview, FL 1
    • 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2005
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 9614 Laurel Ledge Dr Riverview, FL 3
    • 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,186 Sqft ∙ Built 2001
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,834
    • $0.84
    •  
  • 9718 Glenpointe Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1994
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
  • 9810 Sunnyoak Dr Riverview, FL 5
    • 3 beds 3 baths ∙ 2,026 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,026 Sqft ∙ Built 1995
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
PROPERTY LISTING DETAILS
Stephen Cantatore
1.813.785.7499
Bayside Realty Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282718
Last Updated: 01/01/2021
BESbswy