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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $165.28
- 7 Days on Market
- MLS # : U8110601
- Updated Date : 01/27/2021 at 21:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,803 sqft
- Baths : 2 full
Listing Agent
Dalton Wade, Inc.
Listing Agent's Description
Beautiful home with extraordinary VAULTED CEILINGS! It not only has the OPEN FLOOR PLAN you are looking for, but it has modern-designed built-ins. SPLIT PLAN for privacy and of course, a 3-CAR GARAGE for all your toys! The home has a NEW A/C (2018), a NEW WATER HEATER, and the interior has FRESH NEW PAINT. French doors lead out the back to a SCREENED PATIO and a nice sized backyard that is FENCED! The kitchen has granite countertops, and a large eat-in area in the kitchen. There is a SEPARATE OFFICE that can easily serve as A FOURTH BEDROOM! The master bathroom has a jacuzzi tub, and a separate shower. The master bedroom has 2 separate closets. This secluded community is close to everything, including the NEW RIVERVIEW LIBRARY. There are great SIDEWALKS to walk the doggies and children, and the homes in this community are very consistent and well kept. ONLY 10-15 MINUTES TO TAMPA!
SEE MORE
- #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
Zip Code: 33569
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33569
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,035 |
| Property Tax | -$420 | |
| Property Insurance | -$141 | |
| HOA | -$16 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$111
|
||
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.
$298,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.2% |
| 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
$84,720
LOAN DETAILS
$1,035
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,500 |
| Loan Amount | $223,500 |
4.33
YEARS SAVED
$12,132
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,668
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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9817 La Vonda St Riverview, FL 1
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- $1,675
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9704 Wydella St Riverview, FL 3
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LEASED 03/16/20- Rent
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- $1,695
- $0.85
-
11808 Rossmayne Dr Riverview, FL 4
- 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1995
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.99
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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
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,750
- $1.00
PROPERTY LISTING DETAILS
1.727.515.9728
Dalton Wade, Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8110601
Last Updated: 01/27/2021
