8316 Red Spruce Ave

Riverview, FL 33578
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3 bd, 2 ba | 2,150 sqft | Built in 2016

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List Price
$384,900

Initial Investment

$104,885

Purchase Price

$384,900

Down Payment

25%

Rent

$2,360

Total Return

$179,078

Annualized Return

20.3%

Cap Rate

3.5%

Gross Yield

7.4%

Cash Flow

-$8,272

Appreciation

9.7%
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Features

Lot Size

1,307

HOA

$178/mo

Flood Risk

Not Required

Cut de sac very well nurtured home located in the desirable gated community- Magnolia Park Southwest in Riverview. This single story home with 3 bedrooms, 2 bathrooms also has a special space that can be used for a home office or a den. This gem has an open floor plan that includes a spacious kitchen with an island and an intimate breakfast bar, dark wood cabinets, granite countertops, and stainless steel appliances. The master bedroom boasts a grand en suite bathroom with dual sinks and a walk in shower with brand new frameless door.. Some custom and unique features this home possesses are tiled floors,, upgraded ceiling fans, hurricane shutters that include clips for windows and doors, huge conversation lot with lots of privacy. Included in a one low monthly HOA fee is lawn maintenance, landscaping, and irrigation. The community itself prides itself on recreation for the whole family with three community pools, a splash pad park, a basketball court, multiple playgrounds, community green spaces, scenic lakes, and walking, running, and biking trails throughout the community. Accessible nearby is I-75, Selmon Expressway, downtown Tampa, Tampa International Airport, and MacDill AFB. This impressive location is steps away from prime shopping, theaters, delicious restaurants, top schools, and more. Call for a private showing today.Directions: Take 301 south, when you reach Progress Blvd turn right, then turn left on S Falkenburg Rd, then finally turn right on Red Spruce Ave. The home will be on the right hand side.

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417
Annual Financial Highlights

Expected Rent

$26,904

Expenses

-$8,451

Property Taxes

-$5,800

Loan Payments

-$20,925

Net Cash Flow

-$8,272

See more in Financials

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