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11207 Leland Groves Dr Riverview, FL 33579

5 Beds 3 Baths 2,962 sqft Built 2018

$305,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $102.97
  • 3 Days on Market
  • MLS # : T3279191
  • Updated Date : 12/05/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,962 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

Gorgeous Raleigh model built by Lennar! This spacious 5 bedrooms, 2.5 bath, 2 car garage offers beautiful upgrades and finishes! Walk into the foyer w/ wall decorative wood and trim, all tile floors in the living areas, flex space or formal dining, opening into the kitchen w/ island and large living space. The kitchen includes brown cherry cabinets w/hardware all black appliances w/upgraded dishwasher, backsplash, pantry, and reverse osmosis system! Master is located downstairs, large bathroom with standup shower dual sinks and walk in closet! Upstairs you will find a loft perfect for gaming or movie nights, and 4 spacious bedrooms! Other features include surround sound prewire, ring cameras, nest thermostat, 7 wifi rocker light switches for Alexa or Apple home kit, alarm system, garage shelving, and so much more! The home is partly fenced, and can be easily enclosed on each side. The community offers a pool and playground and is Located near shopping, restaurants, highways, hospitals and more! Call to schedule a private showing!

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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: 33579

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 33579

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
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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,125
Property Tax -$481
Property Insurance -$209
HOA -$8
Property Management Fees -$129
CASH FLOW
$8

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.

$305,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.8%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$26,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,9503$1,9604$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 11207 Leland Groves Dr Riverview, FL 3
    • 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.66
    •  
  • 11131 Golden Silence Dr Riverview, FL 1
    • 5 beds 3 baths ∙ 2,855 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,855 Sqft ∙ Built 2005
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.58
    •  
  • 14063 Tropical Kingbird Way Riverview, FL 2
    • 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 2017
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
  • 11517 Luckygem Dr Riverview, FL 4
    • 5 beds 3 baths ∙ 3,062 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,062 Sqft ∙ Built 2016
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.65
    •  
  • 11425 Brighton Knoll Loop Riverview, FL 5
    • 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 2014
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
PROPERTY LISTING DETAILS
Andi Simmons
1.813.658.2121
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279191
Last Updated: 12/05/2020
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