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11223 Brighton Knoll Loop Riverview, FL 33579

4 Beds 2 Baths 1,920 sqft Built 2016

$265,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $138.02
  • 5 Days on Market
  • MLS # : T3270496
  • Updated Date : 10/30/2020 at 18:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,920 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Pride of ownership is what you will see when you step into this meticulously kept 3bedroom/2bath/office home. Nestled in the up and coming South Fork community of Ibis Cove, this home will certainly keep you not only in the center of town but surrounded by friendly neighbors and great amenities. This home has been meticulously maintained, in a non-smoking, non-pet environment. A beautiful open-concept modern kitchen features a full pantry, breakfast bar, and eat-in kitchen which opens up to a generously sized living room. Entertaining will be easy in this spacious home. Unwind after a long day in the screened in lanai with plenty of space for a comfy sitting area and grill. Minutes to I-75 and US-301, tons of shopping and restaurants and St. Joseph’s Hospital-South. Did I mention the tons of community amenities? This home is ready for its new family and it is priced to sell! This great home won’t last long! Don’t YOU want to be the one holding the keys?

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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
 

$238,500$291,500$265,000

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 -$978
Property Tax -$408
Property Insurance -$148
HOA -$21
Property Management Fees -$80
CASH FLOW
$85

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.

$265,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.65%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$31,766

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
  • $0.9

    LIST RENT PER SQFT
  • $1,685

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,589
1$1,5892$1,6003$1,7004$1,7205$1,825
$1,825
RENT COMPS ANALYSIS
  • 11223 Brighton Knoll Loop Riverview, FL 4
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.90
    •  
  • 13513 Fladgate Mark Dr Riverview, FL 1
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2008
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,589
    • $0.84
    •  
  • 13543 Fladgate Mark Dr Riverview, FL 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2008
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 13523 Fladgate Mark Dr Riverview, FL 3
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 2008
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 13927 Chalk Hill Pl Riverview, FL 5
    • 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2008
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.92
    •  
PROPERTY LISTING DETAILS
Liliana Benitez Sims
1.813.499.7010
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3270496
Last Updated: 10/30/2020
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