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11323 Jim Ct Riverview, FL 33569

3 Beds 2 Baths 1,454 sqft Built 1997

$239,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $164.99
  • 5 Days on Market
  • MLS # : T3274514
  • Updated Date : 11/07/2020 at 18:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

The Basel House

Listing Agent's Description

Welcome Home! **** No HOA **** No CDD **** Highly desirable Riverview neighborhood featuring vaulted ceilings, bright eat-in kitchen with stainless steel appliances and a spacious master bedroom with walk-in closet, double vanity in master bedroom, plenty of closet space throughout the home, and a spacious 2 car garage. Super convenient location with easy access to US-301 and I-75 to get everywhere you'd like to go in the Tampa Bay area. ***** OPEN HOUSE Saturday Nov 7 from 1-3pm *******

SEE MORE

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

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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$885
Property Tax -$330
Property Insurance -$121
Property Management Fees -$80
CASH FLOW
$44

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.

$239,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.61%

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$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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$25,817

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,527

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4604$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 11323 Jim Ct Riverview, FL 3
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.00
    •  
  • 11307 Maybrook Ave Riverview, FL 1
    • 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1994
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 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 4
    • 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
Grant Vreeland
1.305.767.8722
The Basel House
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274514
Last Updated: 11/07/2020
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