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11010 Golden Silence Dr Riverview, FL 33579

3 Beds 3 Baths 1,785 sqft Built 2004

$249,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $140.00
  • 3 Days on Market
  • MLS # : T3275467
  • Updated Date : 11/20/2020 at 11:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,785 sqft
  • Baths : 2 full , 1 half
Listing Agent

Florida Executive Realty

Listing Agent's Description

This 2 story 3 bed 2 1 /2 bath home located in the South Fork neighborhood has been meticulosity maintained! The first floor features great natural light with an open living/dining room combo. The large kitchen has plenty of cabinet and counter space overlooking the dining area with views of the large backyard. Features include wood plank flooring, newer A/C (2018) and water heater, new interior paint and new recessed lighting & LED lights throughout. Upstairs is a split bedroom floorplan. The sizeable master bedroom has a large bathroom that features a spa-like garden tub, in addition to a stand-up shower and a large walk-in closet. The laundry room, which is also upstairs, has ample storage space. The large backyard has a privacy fence with a multi-zoned sprinkler system. It's a great space to host bbq's or put the swingset! The community clubhouse is a short distance away and includes a pool, hot tub, tennis courts, and playground. This home is perfectly located near several shopping plazas, restaurants, & is easily accessible to I-75; all just minutes away!!

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MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$922
Property Tax -$344
Property Insurance -$140
HOA -$47
Property Management Fees -$80
CASH FLOW
-$103

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.

$249,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.57%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,287

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,459

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4753$1,5454$1,5495$1,675
$1,675
RENT COMPS ANALYSIS
  • 11010 Golden Silence Dr Riverview, FL 1
    • 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.80
    •  
  • 10914 Banyan Wood Way Riverview, FL 2
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2004
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.79
    •  
  • 11041 Golden Silence Dr Riverview, FL 3
    • 3 beds 3 baths ∙ 1,939 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,939 Sqft ∙ Built 2004
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.80
    •  
  • 11147 Summer Star Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 2005
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.81
    •  
  • 10809 Whitecap Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 2015
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.87
    •  
PROPERTY LISTING DETAILS
Anthony Malafronte
1.813.390.1424
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275467
Last Updated: 11/20/2020
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