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11110 Silver Dancer Dr Riverview, FL 33579

3 Beds 2 Baths 1,724 sqft Built 2004

$249,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $144.95
  • 5 Days on Market
  • MLS # : T3280889
  • Updated Date : 12/24/2020 at 09:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,724 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Unlimited

Listing Agent's Description

Pride of ownership shows in this move-in ready 3BR/2BA home located in the growing SouthShore area. Flexible floor plan features separate formal Dining Room boasting wood laminate floors. Upgraded kitchen is breathtaking with 42" white cabinets, stainless steel appliances, granite counters and flow through island with pendant light accents. Separate breakfast nook is large enough for table & chairs and flaunts a decorative chandelier. Oversized family room adjoins for easy entertaining and offers plant shelving with accent lighting and wood laminate flooring. Split bedroom floor plan provides privacy for everyone. Master suite has a vaulted ceiling for extra volume and master bath has been updated with white cabinetry, square sinks, granite counters and updated lighting. Dual sinks, garden tub, separate shower and his/hers walk-in closets round out the details. Relax on your screened lanai with a morning cup of coffee or step out back in your beautifully landscaped yard, fenced for privacy, and enjoy the harvest from your Ponderosa lemon tree, avocado tree, lime tree, mango tree, orange tree, coffee bean & rosemary plants! Exterior painted 2018, A/C & ductwork with UV lights replaced 2016, programmable thermostat, Culligan Water Softener, RING doorbell and loads of other goodies ~ schedule your appointment to view today! You'll have lots of fun in the community lounging at the pool with friends, neighborhood play dates with the kids at the playground, walking with friends on the trails, basketball & more!

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
 

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

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$922
Property Tax -$344
Property Insurance -$137
HOA -$30
Property Management Fees -$129
CASH FLOW
$18

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

$1,580

PROJECTED RENT

0.63%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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 50% 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

7

YEARS SAVED

$24,003

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,465

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4953$1,5494$1,5505$1,580
$1,580
RENT COMPS ANALYSIS
  • 11110 Silver Dancer Dr Riverview, FL 5
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.92
    •  
  • 13122 Fennway Ridge Dr Riverview, FL 1
    • 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1998
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 10809 Summerton Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 2005
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 11147 Summer Star Dr Riverview, FL 3
    • 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
    •  
  • 12976 Fennway Ridge Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 2003
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
PROPERTY LISTING DETAILS
Vikki Lupatin
1.813.624.3352
Re/max Realty Unlimited
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280889
Last Updated: 12/24/2020
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