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$520,000

Sold
10404 Scarlet Chase Dr, Riverview, FL 33569
5 Beds
4 Baths
3,357 Square Feet
0.20 Acres Lot
Built in 2018
Sold
1 Units
Checked: 6 hours ago
Updated: Oct 01, 2025 at 10:14AM

Investment Summary


Monthly Cash Flow
-$925
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Property Description


0.20 Acres Lot
Built in 2018
Sold
1 Units

One or more photo(s) has been virtually staged. **SOME FURNISHINGS INCLUDED WITH ACCEPTABLE OFFER** Discover the space and flexibility your lifestyle demands in this beautifully maintained 5-bedroom, 4-bathroom home with a dedicated office, large loft, and extended 3-car garage—offering over 3,300 square feet of thoughtfully designed living space. Located in the quiet, gated community of Starling Oaks, this 2018-built home sits on an oversized .20-acre lot, fully fenced with no direct rear neighbors for maximum privacy and potential. From the moment you enter, you'll feel the openness of the wide foyer, soaring ceilings, and 8-foot doors that create a light, airy feel throughout. The home’s 3-way split floor plan is ideal for multi-generational living, large households, or anyone needing functional separation between living and working spaces. The primary suite is privately tucked away on the first floor, while three additional bedrooms are situated in a separate wing. Upstairs, you’ll find a spacious loft, a fifth bedroom with a full bath, and a large storage room—perfect for holiday bins, a hobby area, or even a second office. The kitchen was designed with everyday living in mind, featuring granite countertops, tall cabinets, a center island, and newer stainless-steel appliances, all overlooking the dining and living areas for effortless entertaining. A water softener system adds extra comfort, and granite countertops carry into all four bathrooms for a consistent, upgraded finish. Step outside to the extended, screened-in lanai—a perfect spot to enjoy your morning coffee or evening wine while taking in the peaceful backyard views. With the larger-than-average lot, there’s plenty of room to add a pool, create a play space, or design your ideal outdoor retreat. Additional features include the extended 3-car garage, paver driveway, fully fenced yard, and energy-efficient construction. Enjoy low HOA dues, no CDD fees, and a prime location just minutes from I-75, Crosstown Expressway, top-rated schools, and the brand-new AdventHealth Riverview Medical Center—a state-of-the-art hospital offering full emergency and specialty care services less than 10 minutes away. You’re also close to popular restaurants like Tiki Docks River Bar & Grill, Acropolis Greek Taverna, Cali Aji Latin Kitchen, Donovan’s Meatery, and Ford’s Garage—plus shopping, gyms, parks, and more.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Vesta Property Services
  • HOA Fee: $160/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: U283020A1N000000000060
  • Lot Size: 8794 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2018

Tax Information

  • Annual Tax: $6,193

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Hillsborough

Listing Details


Listed by:
Karen Woods
RE/MAX REALTY UNLIMITED
(802) 310-4946

Source:
Stellar MLS
MLS#: TB8373737
Stellar MLS

Investment Summary


Monthly Cash Flow
-$925
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$520,000
Amount financed:
-$416,000
Down payment:
$104,000
Closing costs:
$15,600
Rehab costs:
$0
Initial cash invested:
$119,600
Square feet:
3,357
Cost per square foot:
$155
Monthly rent per square foot:
$1.04

Financing Details

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Loan amount:
$416,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,664
Property tax:
$516
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,425

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$516-$6,194
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (5%)
5%-$160-$1,920
Total operating expenses: (44%)
44%-$1,551-$18,614

Cash Flow


Monthly Yearly
Net operating income:
$1,739 $20,868
Mortgage payments:
-$2,664 -$31,968
Cash flow:
-$925 -$11,100