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11025 Stone Branch Dr Riverview, FL 33569

4 Beds 3 Baths 2,642 sqft Built 2005

$319,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $120.74
  • 5 Days on Market
  • MLS # : T3284840
  • Updated Date : 01/15/2021 at 21:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,642 sqft
  • Baths : 3 full
Listing Agent

Silicon Valley Tampa Reit Llc

Listing Agent's Description

YOU WILL FIND YOUR LONG AWAITED AND SOUGHT AFTER FLORIDA DREAM HOME! ALL YOUR NEW HOME NEEDS IS YOUR PERSONAL DECOR! OPEN CONCEPT FLOOR PLAN WITH LOTS OF NATURAL LIGHTING. 4 BEDROOMS, 3 BATHS, 3 CAR GARAGE plus an office. Brand New Laminate floor in the master bedroom, the living room, the family room, and hallway! Brand new wood floor in 2nd bedroom; Brand New bathroom grey vanities with Brand New Granite Countertops in all three bathrooms! Brand New faucets and lights. FRESHLY PAINTED INTERIOR and most exterior. Brand New SS Range and dishwasher. The HVAC was installed in 2015; BACKYARD IS LARGE ENOUGH TO ACCOMMODATE A SWIMMING POOL with a view of a pond. RIVERCREST COMMUNITY AMENITIES, ELEMENTARY SCHOOL, MONTESSORI SCHOOL, EARLY LEARNING CENTER, TWO COMMUNITY POOLS, PLAYGROUND, RECREATION BUILDINGS, TENNIS AND BASKETBALL COURTS. PUBLIX SHOPPING CENTER AT ENTRANCE TO COMMUNITY.

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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

Zip Code: 33569

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33569

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
Sessums Elementary School Primary Regular 951 70 6
Rodgers Middle School Middle Regular 719 49 3
Riverview High School High Regular 2,387 128 6

Sessums Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 70
6
GreatSchools Rating

Rodgers Middle School

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 49
3
GreatSchools Rating

Riverview High School

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

$287,100$350,900$319,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,108
Property Tax -$631
Property Insurance -$190
HOA -$21
Property Management Fees -$129
CASH FLOW
-$129

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.

$319,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.2%
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-$4.0k-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,603

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8253$1,9004$1,9505$2,175
$2,175
RENT COMPS ANALYSIS
  • 11025 Stone Branch Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
  • 10536 Whispering Hammock Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2016
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 10902 Lakeside Vista Dr Riverview, FL 2
    • 3 beds 3 baths ∙ 2,493 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,493 Sqft ∙ Built 2003
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.73
    •  
  • 11003 Stone Branch Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 11143 Abaco Island Ave Riverview, FL 5
    • 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 2017
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.83
    •  
PROPERTY LISTING DETAILS
Qu Chen
1.813.316.8258
Silicon Valley Tampa Reit Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284840
Last Updated: 01/15/2021
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