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11319 Louisa May Way Riverview, FL 33569

3 Beds 2 Baths 1,548 sqft Built 1992

$295,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $190.57
  • 3 Days on Market
  • MLS # : T3289357
  • Updated Date : 02/12/2021 at 15:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 2 full
Listing Agent

Re/max Dynamic

Listing Agent's Description

IMMACULATE 3 bedroom + OFFICE, 2 bathroom, 2-car garage POOL HOME boasts 1,548 SqFt, and is nestled in highly desired TREE-LINED COMMUNITY of Cristina Ph II CENTRALLY LOCATED in the heart of Riverview. STUNNING CURB APPEAL & METICULOUS LANDSCAPING, and situated on a quiet street, this extraordinary home will not disappoint! LOADED WITH UPGRADES, features include CATHEDRAL CEILINGS, a SPACIOUS OPEN FLOOR PLAN, ARCHITECTURAL detailing throughout, and a BRAND NEW ROOF done in late January 2021!! Gorgeous laminate throughout most of the home, and the living room and dining room combo offer access to the SCREENED-IN LANAI through FRENCH DOORS & offers plenty of light to flow throughout the home. Large GOURMET kitchen is equipped with STAINLESS STEEL APPLIANCES, lovely wood cabinetry, an ISLAND, and a breakfast bar & overlooks large family room. The split bedroom floor plan allows for EXTRA PRIVACY within the home. The master suite features laminate flooring, a WALK-IN CLOSET, and a luxurious en-suite bathroom. The additional bedrooms are easily convertible, and boast ample space. The WONDERFUL, FULLY-FENCED backyard boasts a SCREENED-IN lanai, as well as a SPARKLING pool, a STORAGE shed, and a fire pit, while still has plenty of space for any extras you may want to add! Bonuses include: a BRAND NEW A/C, and BRAND NEW windows. Pride in ownership is apparent in this Morrison Home & it shows like new! Hidden gem of a neighborhood, centrally-located near schools, shopping, dining, and close to US-301, and I-75 for easy commuting! This home will SELL FAST!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

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
Riverview Elementary School Primary Regular 622 54 5
Rodgers Middle School Middle Regular 719 49 3
Riverview High School High Regular 2,387 128 6

Riverview Elementary School

  • Education Level: Primary
  • # of students: 622
  • # of teachers: 54
5
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,025
Property Tax -$406
Property Insurance -$126
HOA -$18
Property Management Fees -$129
CASH FLOW
-$134

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.

$295,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.53%

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

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$10,493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,567

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,5504$1,5705$1,600
$1,600
RENT COMPS ANALYSIS
  • 11319 Louisa May Way Riverview, FL 4
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.01
    •  
  • 11327 Jim Ct Riverview, FL 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1996
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
  • 11401 Andy Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,435 Sqft ∙ Built 1991
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 11338 Jim Ct Riverview, FL 3
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1997
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 11325 Jim Ct Riverview, FL 5
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1997
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
PROPERTY LISTING DETAILS
Andrew Duncan
1.813.501.3939
Re/max Dynamic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289357
Last Updated: 02/12/2021
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