Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11019 Rockledge View Dr Riverview, FL 33579

4 Beds 3 Baths 2,421 sqft Built 2008

$289,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $119.37
  • 4 Days on Market
  • MLS # : T3283795
  • Updated Date : 01/09/2021 at 13:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,421 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

MULTIPLE OFFERS - Highest and best due by Sunday 1/10 at 5 pm. Wow! You won’t find a more meticulously kept house in this area! Step into the inviting foyer with views straight to the outdoor sitting area and picturesque pond. The large open kitchen and living room is ideal for entertaining guests with a split floor plan separating the expansive master bedroom from the rest of the home. The second and third bedroom share a spacious Jack and Jill bath with the final bath and fourth bedroom located at the back of the home offering a bit of privacy. This would be ideal for guests or multi-generational living. The home is fully fenced with 3 access gates and a VIVINT Smart home SECURITY SYSTEM including glass break sensors. TILE FLOORS throughout all common areas, STUNNING LIGHT FIXTURES, and ceiling fans in all rooms. If space is what you need, this is the home for you! All rooms are oversized including a large pantry and extended garage. All of this in the heart of Riverview just minutes to multiple golf courses, Summerfield Crossings, St. Joseph’s Hospital South, Big Bend Rd, US-301 and I-75.

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: 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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,004
Property Tax -$447
Property Insurance -$177
HOA -$30
Property Management Fees -$129
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.

$289,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.65%

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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$29,893

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,888

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8903$1,9004$1,9255$2,185
$2,185
RENT COMPS ANALYSIS
  • 11019 Rockledge View Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.78
    •  
  • 11043 Little Blue Heron Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2015
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 10907 Australian Pine Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2005
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 10912 Sailbrooke Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1998
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.77
    •  
  • 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
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,185
    • $0.84
    •  
PROPERTY LISTING DETAILS
Ryan Brantley Fernandez
1.888.883.8509
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283795
Last Updated: 01/09/2021
BESbswy