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10646 Navigation Dr Riverview, FL 33579

3 Beds 2 Baths 1,296 sqft Built 2003

$210,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $162.04
  • 6 Days on Market
  • MLS # : T3274290
  • Updated Date : 11/04/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 2 full
Listing Agent

All Ready Property Management

Listing Agent's Description

Walk in the front door of your new home in desirable Panther Trace perfectly situated on a fenced corner lot. Freshly painted inside and out, the open floor plan makes the home light and bright. Step into the large combination living room / dining room. Vinyl plank flooring in living areas and bedrooms, tile in kitchen and bathrooms. High ceilings in all rooms, plant shelves in the living room, plenty of closet space and large, fully fenced back yard! Panther Trace community offers a large 3000 sq ft clubhouse with kitchen and meeting areas, a Lagoon-style pool, tennis courts, and playground. Low HOA! This won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Panther Trace

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Panther Trace

ZipNIR 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
Collins Elementary School Primary Regular 1,081 72 5
Barrington Middle School Middle Regular 1,227 70 6
Riverview High School High Regular 2,387 128 6

Collins Elementary School

  • Education Level: Primary
  • # of students: 1,081
  • # of teachers: 72
5
GreatSchools Rating

Barrington Middle School

  • Education Level: Middle
  • # of students: 1,227
  • # of teachers: 70
6
GreatSchools Rating

Riverview High School

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

$189,000$231,000$210,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$775
Property Tax -$356
Property Insurance -$112
HOA -$4
Property Management Fees -$80
CASH FLOW
$43

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.

$210,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$22,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,393

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,3953$1,4004$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 10646 Navigation Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.06
    •  
  • 10427 Avelar Ridge Dr Riverview, FL 2
    • 4 beds 2 baths ∙ 1,360 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,360 Sqft ∙ Built 2006
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.03
    •  
  • 12427 Dawn Vista Dr Riverview, FL 3
    • 4 beds 2 baths ∙ 1,280 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,280 Sqft ∙ Built 1998
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.09
    •  
  • 10613 Navigation Dr Riverview, FL 4
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2003
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.12
    •  
  • 12719 Geneva Glade Dr Riverview, FL 5
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2012
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
PROPERTY LISTING DETAILS
Maria Elena D'amico
1.813.741.3790
All Ready Property Management
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274290
Last Updated: 11/04/2020
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