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
11047 Golden Silence Dr 
Riverview, FL
33579
3 Beds 2 Baths 1,296 sqft
Built 2004
INVESTimate
$208,990
List Price
$61,132
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Fork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$61,132
LOAN DETAILS
$771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,248 |
| Loan Amount | $156,743 |
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
-
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
1.908.500.3578
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3261330
Last Updated: 08/26/2020
