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11134 Running Pine Dr Riverview, FL 33569

4 Beds 2 Baths 2,074 sqft Built 2007

$245,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $118.13
  • 2 Days on Market
  • MLS # : T3279189
  • Updated Date : 12/05/2020 at 19:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,074 sqft
  • Baths : 2 full
Listing Agent

The Realty Group Llc

Listing Agent's Description

Gated community of Moss Landing, NO CDD Fee, GREAT Schools and features a 4 bedroom 2 full bathroom Ranch Home with a 2 car garage with awesome curb appeal and highly sought after front porch. Very open floor plan consisting of 2074 square feet of air conditioning living space featuring inside laundry room with extra closet and storage space. Kitchen features lots of wood cabinets, corian solid surface countertops, breakfast bar, pantry, Whirlpool Dishwasher, smooth top range, microwave oven, newer 23 cubic foot side by side refrigerator, 7' X 16' breakfast nook overlooking the family room. Huge 16' X 16' Master Suite with a large walk-in closet. Master bathroom features double lavatory and vanity, garden bathtub w/ separate walk-in shower. Split guest bedrooms offer privacy and would even make a good in-law suite/area with plenty of privacy along with the second bathroom. You will certainly be impressed with the TONS of closet space thru-out the home. All windows feature 2" faux wood blinds and allow lots of natural light to enter. This is a must see home very convenient to all types of shopping, restaurants, Interstate 75 and all of Florida's great attractions and beaches. Schedule your showing today!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$904
Property Tax -$337
Property Insurance -$157
HOA -$55
Property Management Fees -$129
CASH FLOW
$48

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.

$245,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.67%

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$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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$26,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,618

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,482
1$1,4822$1,5853$1,5994$1,6305$1,750
$1,750
RENT COMPS ANALYSIS
  • 11134 Running Pine Dr Riverview, FL 4
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.79
    •  
  • 11256 Creek Haven Dr Riverview, FL 1
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2005
    property image
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,482
    • $0.76
    •  
  • 11123 Running Pine Dr Riverview, FL 2
    • 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 2008
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.74
    •  
  • 11140 Running Pine Dr Riverview, FL 3
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2008
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.78
    •  
  • 11128 Running Pine Dr Riverview, FL 5
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2007
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
PROPERTY LISTING DETAILS
Richard Thompson
1.813.659.5395
The Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279189
Last Updated: 12/05/2020
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