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11708 Winterset Cove Dr Riverview, FL 33579

4 Beds 3 Baths 2,023 sqft Built 2017

$270,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $133.47
  • 6 Days on Market
  • MLS # : T3278501
  • Updated Date : 12/02/2020 at 22:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,023 sqft
  • Baths : 3 full
Listing Agent

Century 21 Executive Team

Listing Agent's Description

Beautiful move-in ready four bedroom, three bathroom home! Tile floors throughout the common areas with carpet in the bedrooms. Kitchen features stainless steel appliances, 42" cabinets with raised panel doors, and granite countertops. 15 SEER high-efficiency heating and air conditioning system. Super-efficient hybrid water heater. Spectacular pond view from the family room and master bedroom. Ballantrae offers great neighborhood amenities including a community pool and club house! Low HOA and CDD fees. Easy access to US 301 and I-75. Home has been freshly painted and is ready for you to make it yours!

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: 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
Warren Hope Dawson Elementary Primary Unknown NA
Rodgers Middle School Middle Regular 719 49 3
Riverview High School High Regular 2,387 128 6

Warren Hope Dawson Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$996
Property Tax -$532
Property Insurance -$154
HOA -$5
Property Management Fees -$129
CASH FLOW
$73

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.

$270,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.70%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$30,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6953$1,7204$1,8905$2,000
$2,000
RENT COMPS ANALYSIS
  • 11708 Winterset Cove Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,023 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,023 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.93
    •  
  • 11843 Thicket Wood Dr Riverview, FL 1
    • 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2017
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.82
    •  
  • 11819 Winterset Cove Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2018
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 11860 Thicket Wood Dr Riverview, FL 3
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2016
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.94
    •  
  • 11729 Winterset Cove Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2018
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Mike Bosko
1.813.951.4064
Century 21 Executive Team
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278501
Last Updated: 12/02/2020
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