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11143 Goldenrod Fern Dr Riverview, FL 33569

3 Beds 3 Baths 2,382 sqft Built 2007

$299,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $125.90
  • 3 Days on Market
  • MLS # : T3277152
  • Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,382 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ling Realty, Llc

Listing Agent's Description

BEAUTIFUL 3 BED 2.5 BATH POOL HOME IN THE MOSS LANDING COMMUNITY OF RIVERVIEW WITH NO CDD! This homes interior was recently repainted in its entirety, new carpet was installed and a deep clean was completed. As you enter the home it opens into the formal living space conveniently located across from the 1/2 bathroom/common bathroom located down stairs. Under the stairs is ample additional storage. Next is the Family room, that looks into both the dining and kitchen. The kitchen boasts, a large cooking island, granite countertops, 42 in cabinets, and closet pantry. Also attached to the kitchen is the large interior laundry that leads into the garage. On the second floor are all sleeping quarters as well as a large 14x12 loft. The generously sized secondary bedrooms sit side by side a large linen closet / HVAC closet holding both AC handlers (one for upstairs and one for downstairs.) and both offer walk in closets. The secondary bathroom features a large vanity and tub shower combo. The enormous master has plenty of space for both sleeping a living spaces and tray ceilings to elaborate the size. The attached master bath has dual vanities, a jacuzzi tub with shower and large linen closet. Also attached to the bath is the large walk in closet (12x10) for additional storage. Some other features the home includes is a 20x20 two car garage with 10 foot ceilings, paned sliders that allow entry to the pool patio from the dining area, a screened patio surrounding an underground pool equipped with a child safety fence that overlooks the fully fenced backyard that also holds an additional patio/seating area with gazebo. This home is centrally located near major roadways and local interstates that allow for easy commutes to surrounding areas such as Brandon, Tampa and St. Pete.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,107
Property Tax -$413
Property Insurance -$175
HOA -$53
Property Management Fees -$80
CASH FLOW
-$107

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.

$299,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.57%

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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,6754$1,7205$1,825
$1,825
RENT COMPS ANALYSIS
  • 11143 Goldenrod Fern Dr Riverview, FL 4
    • 3 beds 3 baths ∙ 2,382 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,382 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.72
    •  
  • 11014 Running Pine Dr Riverview, FL 1
    • 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2009
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.71
    •  
  • 11015 Running Pine Dr Riverview, FL 2
    • 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2011
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 11410 Laurel Brook Ct Riverview, FL 3
    • 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 2006
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.73
    •  
  • 10902 Lakeside Vista Dr Riverview, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Dale Ling
1.813.731.5415
Ling Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277152
Last Updated: 11/21/2020
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