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11426 Callaway Pond Dr Riverview, FL 33579

4 Beds 3 Baths 2,195 sqft Built 2006

$290,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $132.12
  • 3 Days on Market
  • MLS # : T3289352
  • Updated Date : 02/13/2021 at 08:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,195 sqft
  • Baths : 3 full
Listing Agent

Suncoast Realty Solutions, Llc

Listing Agent's Description

Spacious 2,195 sqft, open, single-story with 4 bedrooms, 3 baths, and 3 car garage with fenced backyard and 12 ft. ceiling in all rooms. 3-way split plan with huge kitchen with 42’ cabinets, island, desk, Corian counters, cast iron sink, breakfast bar, kitchen nook. Separate laundry room w/tub and faucet. Stainless appliances, remote control fans, plant shelves, architectural niches, 8’ tall triple sliding door with enclosed Lanai offer great views of the backyard. Wonderful Master retreat with shower plus garden tub. Double sink vanity plus dual walk-in closets, separate water closet, tray ceiling, and French door from Lanai to master bedroom. Dining room or den/study, sprinkler systems, alarm system. Community pool and recreation building. Located in desirable South Fork community in Riverview that’s super close to Summerfield Crossings Golf Club, Big Bend Road, 301, and the 75. Sam’s Club, St. Joseph’s Hospital, Publix, Texas Roadhouse, Big Bend Animal Hospital is just a few miles away for convenient shopping and services. Easy drive to MacDill Air Force Base, Tampa, and Brandon. Thanks for viewing! Won’t last long.

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

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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,007
Property Tax -$528
Property Insurance -$164
HOA -$41
Property Management Fees -$129
CASH FLOW
-$119

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.

$290,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.60%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,827

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7504$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 11426 Callaway Pond Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 11304 Flora Springs Dr Riverview, FL 1
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 2007
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 11321 Flora Springs Dr Riverview, FL 2
    • 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2007
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 13421 Graham Yarden Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2010
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 11503 Brighton Knoll Loop Riverview, FL 5
    • 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2015
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
PROPERTY LISTING DETAILS
Brad Monroe
1.813.309.4488
Suncoast Realty Solutions, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289352
Last Updated: 02/13/2021
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