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11511 Village Brook Dr Riverview, FL 33579

4 Beds 3 Baths 2,524 sqft Built 2004

$320,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $126.78
  • 4 Days on Market
  • MLS # : T3285021
  • Updated Date : 01/15/2021 at 19:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,524 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

Nestled on a quiet cul-de-sac street in the sought-after community of Summerfield, this home is sure to please. POOL home boasting 4 bedrooms, 3 full bathrooms and the added privacy of no front of rear neighbors. The home offers great curb appeal with recent landscaping. Upon entry, you are greeted by a grand foyer which leads to a combined formal living and dining room. The kitchen features granite counter tops, newer stainless-steel appliances, and center island with plenty of room for seating. The family room is equipped with a projector screen ready for you to create your own in-home theater. There is a full bath conveniently located on the main floor steps away from the pool. The saltwater pool is caged, solar heated and ready for you to enjoy all year. Upstairs includes a spacious loft, 3 secondary bedrooms that share a full bath and the master suite. The oversized master has an abundance of closet space and ensuite with dual vanities, garden tub and separate walk-in shower. Additional upgrades include a new A/C unit installed 2021, updated irrigation system 2020, new roof 2019, new carpet in the bedrooms, laminate wood flooring on the stairway, garage door opener system, remodeled bathrooms with custom tiling and much more! Community amenities include a new dog park and playground, 2 pools, tennis courts, fitness center, gymnasium, and a volleyball court. NO CDD fee and Low HOA fee.

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: 33579

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 33579

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
Summerfield Elementary School Primary Regular 870 66 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Summerfield Elementary School

  • Education Level: Primary
  • # of students: 870
  • # of teachers: 66
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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,111
Property Tax -$441
Property Insurance -$183
HOA -$37
Property Management Fees -$129
CASH FLOW
$188

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.

$320,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.8%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$41,343

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,076

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9953$2,0904$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 11511 Village Brook Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.83
    •  
  • 11815 Big Bear Cir Riverview, FL 1
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 13009 Carlington Ln Riverview, FL 2
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2002
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.84
    •  
  • 13021 Prestwick Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1995
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.83
    •  
  • 11313 Brighton Knoll Loop Riverview, FL 5
    • 4 beds 2 baths ∙ 2,609 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,609 Sqft ∙ Built 2018
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
PROPERTY LISTING DETAILS
Andre Tamburello
1.813.500.9818
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285021
Last Updated: 01/15/2021
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