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11047 Golden Silence Dr Riverview, FL 33579

3 Beds 2 Baths 1,296 sqft Built 2004

INVESTimate

$208,990

List Price

$1,390

$1,251 - $1,529

Rent Est.

$220,066  ( +5.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $161.26
  • 2 Days on Market
  • MLS # : T3261330
  • Updated Date : 08/26/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

GREAT OPPORTUNITY TO OWN THIS LOVELY 3 BEDROOM/2BATH HOME WITH BEAUTIFUL POND VIEWS IN SOUTH FORK SUBDIVISION! HOME FEATURES EXTENDED TILE THROUGHOUT THE LIVING ROOM, KITCHEN AND DINING AREA. MASTER SUITE HAS WALK-IN CLOSET AND MASTER BATH WITH TUB/SHOWER. THIS FLOOR PLAN ALSO HAS 2 ADDITIONAL BEDROOMS WITH 2ND FULL BATH. THE TWO CAR GARAGE COMES WITH A SIDE ENTRY DOOR. SIT IN THE LARGE COVERED/SCREENED PATIO AND ENJOY THE BEAUTIFUL BACKYARD WITH VIEW OF THE POND. PERFECT FOR FAMILY GATHERINGS. ROOF WAS REPLACED 2020 AND A/C IN 2019! DOUBLE PANE WINDOWS & GUTTERS THROUGHOUT MOST OF THE HOME. COMMUNITY FEATURES POOL, PLAYGROUND, BASKETBALL COURT & DOG PARK. LOCATED WITHIN MINUTES TO I75, ST JOSEPH SOUTH HOSPITAL, SHOPS, RESTAURANTS. EASY ACCESS TO DOWNTOWN TAMPA AND GULF COAST BEACHES.

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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
 

$188,091$229,889$208,990

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

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$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$771
Property Tax -$288
Property Insurance -$112
HOA -$50
Property Management Fees -$80
CASH FLOW
$90

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.

$208,990

PROJECTED PRICE

$1,390

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.30%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,132

INVESTMENT

$61,132

Down Payment
$52,248
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,248
Loan Amount $156,743
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$27,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,383

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3753$1,3904$1,4495$1,450
$1,450
RENT COMPS ANALYSIS
  • 11047 Golden Silence Dr Riverview, 3
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.07
    •  
  • 13630 Silver Charm Ct Riverview, 1
    • 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 2004
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
  • 10910 Golden Silence Dr Riverview, 2
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2004
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.06
    •  
  • 11214 Scotchwood Dr Riverview, 4
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1995
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.06
    •  
  • 11233 Summer Star Dr Riverview, 5
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 2004
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
PROPERTY LISTING DETAILS
Arveny Vidal Rodriguez Llc
1.908.500.3578
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261330
Last Updated: 08/26/2020
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