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11551 Bay Gardens Loop Riverview, FL 33569

3 Beds 2 Baths 1,092 sqft Built 2006

$195,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $178.57
  • 2 Days on Market
  • MLS # : T3278125
  • Updated Date : 11/28/2020 at 19:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,092 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

This community offers everything. Great community elementary in walking distance from this home. A huge clubhouse with two pools and a playground area. The community has lots of family activities for all ages to enjoy during the summer and holidays. You are walking distance of Publix, Dunkin Donuts, Keke Café and many other stores and restaurants. This home is 3 bedrooms 2 full bathrooms 2 car garage. The home features new microwave, range, and dishwasher (It will be installed on 12/2/2020. It is a split floorplan and eat in kitchen. A huge backyard for all your needs. The seller will consider a paint and flooring allowance with acceptable offer. This home will fit all your needs and the community will fit all you wants. Please schedule your showing today. No showings after 5pm Sunday Nov. 29,2020 we will be reviewing all offers at that time.

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

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
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$719
Property Tax -$269
Property Insurance -$100
HOA -$11
Property Management Fees -$80
CASH FLOW
$42

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.

$195,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$21,568

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,223

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,3503$1,4504$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 11551 Bay Gardens Loop Riverview, FL 1
    • 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $1.12
    •  
  • 11748 Crest Creek Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.07
    •  
  • 11202 Cocoa Beach Dr Riverview, FL 3
    • 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2005
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.15
    •  
  • 10222 Lakeside Vista Dr Riverview, FL 4
    • 4 beds 2 baths ∙ 1,342 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,342 Sqft ∙ Built 2005
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 11310 Palm Island Ave Riverview, FL 5
    • 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2005
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
PROPERTY LISTING DETAILS
Candra Granville Mack
1.813.294.1937
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278125
Last Updated: 11/28/2020
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