Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11444 Bay Gardens Loop Riverview, FL 33569

4 Beds 4 Baths 2,171 sqft Built 2006

$254,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $117.41
  • 2 Days on Market
  • MLS # : T3286477
  • Updated Date : 01/23/2021 at 12:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,171 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Alliance Group

Listing Agent's Description

THE VALUE HERE IS SIMPLE MATH! Almost 2,200 SF plus a 350-SF screened lanai, 4 bedrooms upstairs plus a bonus / flex / game room, 3 full bathrooms upstairs plus another half-bath on the first floor, all within a golf shot of Rivercrest's beautiful pool / park / playground center and the neighborhood elementary school! Day care, other fine schools, shopping centers, restaurants, and countless additional conveniences are nearby, too. This one's an obvious choice! Nestled on a loop street with minimal traffic, the home welcomes you through a leaded-glass door to a tiled, towering, 2-story foyer. Downstairs you'll find a French-doored den or office that also could work as a formal dining room or even a 5th bedroom if needed. The kitchen and casual dining room are open to a spacious living room and double French doors to the extended, screened-and-roofed lanai. The kitchen offers plenty of raised-panel wood cabinets and solid-surface counters with an undermount sink. All bathrooms have marble countertops with integrated sinks, and the master bath with twin closets features upgraded tile in the shower and separate tub. Rivercrest is an established community along U.S. 301 with easy access to other key routes toward Tampa or Gulf beaches. Don't miss this opportunity!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$885
Property Tax -$451
Property Insurance -$163
HOA -$11
Property Management Fees -$129
CASH FLOW
$120

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.

$254,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.69%

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$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$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

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
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$28,941

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5993$1,7004$1,7505$1,760
$1,760
RENT COMPS ANALYSIS
  • 11444 Bay Gardens Loop Riverview, FL 5
    • 4 beds 4 baths ∙ 2,171 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,171 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.81
    •  
  • 10215 Lakeside Vista Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 2005
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.77
    •  
  • 11140 Running Pine Dr Riverview, FL 2
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2008
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.78
    •  
  • 11701 Holly Creek Dr Riverview, FL 3
    • 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 2005
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.78
    •  
  • 11128 Running Pine Dr Riverview, FL 4
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 2007
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
PROPERTY LISTING DETAILS
Ann Marie Vaughan
1.813.748.4536
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286477
Last Updated: 01/23/2021
BESbswy