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10905 Rockledge View Dr Riverview, FL 33579

4 Beds 4 Baths 2,723 sqft Built 2009

$365,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $134.04
  • 2 Days on Market
  • MLS # : T3294138
  • Updated Date : 03/07/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,723 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dalton Wade Inc

Listing Agent's Description

THIS ONE IS THE ONE ! SOUTHFORK 3 CAR GARAGE UPGRADED KITCHEN This Beautiful home is fully remodeled with an open concept design and new tile throughout, it is completely solar powered so no electric bill, never a surprise in those hot summer months. This home boasts 4 bedrooms, 3 bathrooms with a formal dining room and large island eat in kitchen with granite countertops and stainless steel appliances. The home features a split bedroom plan with a large bonus room/loft upstairs. The master bedroom has walk in closets, garden tub with separate shower, dual sinks and Corian counter tops. Entire home has fresh paint inside and out. The outside features a completely fenced yard with PVC fencing. All of this plus a three car garage with over door storage, a full house water filtration system by Culligan, new water heater and a solar attic fan. Close to the community pool and all major highways, shopping, downtown Tampa and MacDill AFB

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: South Fork

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: South Fork

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
Summerfield Crossings Elementary School Primary Regular 915 62 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Summerfield Crossings Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 62
3
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,268
Property Tax -$503
Property Insurance -$195
HOA -$30
Property Management Fees -$129
CASH FLOW
-$84

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.

$365,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.3%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$18,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,144

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9253$2,0404$2,0505$2,185
$2,185
RENT COMPS ANALYSIS
  • 10905 Rockledge View Dr Riverview, FL 3
    • 4 beds 4 baths ∙ 2,723 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,723 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.75
    •  
  • 14135 Poke Ridge Dr Riverview, FL 1
    • 4 beds 4 baths ∙ 2,400 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,400 Sqft ∙ Built 2017
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
  • 10912 Sailbrooke Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1998
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.77
    •  
  • 11311 Brighton Knoll Loop Riverview, FL 4
    • 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2017
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.79
    •  
  • 11032 Little Blue Heron Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2016
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,185
    • $0.84
    •  
PROPERTY LISTING DETAILS
Aaron Almeida
1.813.603.8640
Dalton Wade Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294138
Last Updated: 03/07/2021
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