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11526 Misty Isle Ln Riverview, FL 33579

4 Beds 4 Baths 2,533 sqft Built 2005

$299,999

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $118.44
  • 3 Days on Market
  • MLS # : T3295299
  • Updated Date : 03/20/2021 at 11:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,533 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

Large 4 bedroom home that is in move-in condition. There is an open concept floor plan. The kitchen is open to the large family room for entertainment. Sliding glass doors lead from the family room to the large backyard which has a pond view. The master bedroom is exceptionally large with a master bath with shower stall and soaking tub. There is also a large walk-in closet. All the bedrooms have carpet and the living room, dining room, kitchen and family rooms have laminate throughout. The other three bedrooms have individual closets. You will not be disappointed. This is a beautiful subdivision in a great location near to shopping, restaurants and hospital. The South Cove neighborhood features its own pool and playground, nestled close to the golf course community of Summerfield. Low HOA and NO CDD community! Don't miss your chance to see this!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,042
Property Tax -$413
Property Insurance -$184
HOA -$4
Property Management Fees -$129
CASH FLOW
$228

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.

$299,999

PROJECTED PRICE

$2,000

PROJECTED RENT

0.67%

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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$43,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,121

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0504$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 11526 Misty Isle Ln Riverview, FL 2
    • 4 beds 4 baths ∙ 2,533 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,533 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 13009 Carlington Ln Riverview, FL 1
    • 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
    •  
  • 11311 Brighton Knoll Loop Riverview, FL 3
    • 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2017
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.79
    •  
  • 13446 Palmera Vista Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 2019
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 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
Kerin Clarkin
1.813.641.8300
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295299
Last Updated: 03/20/2021
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