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11802 Valhalla Woods Dr Riverview, FL 33579

4 Beds 3 Baths 2,546 sqft Built 2017

$320,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $125.69
  • 2 Days on Market
  • MLS # : T3286510
  • Updated Date : 01/24/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,546 sqft
  • Baths : 3 full
Listing Agent

Xpress Property Resource,inc

Listing Agent's Description

Amazing two story 4 bedroom/flex room and Loft on a corner homesite in beautiful Ballentrae located in the Riverview High School District and the new Warren Dawnson Elementary School. Enter into the beautiful foyer with a Flex Room that can be used as a formal dining, living room or office. Well appointed kitchen with 42" Maple Cabinets in Expresso with crown molding, Granite Counter Tops and Stainless Steel Appliances. Everyone can entertain together in this light and bright great room design. Elegant built in entertainment center. Oversized covered lanai area on the awesome corner homesite. All Living areas have Ceramic Tile Flooring. Located on the first floor is a large bedroom and full bathroom. Beautiful Spindle Staircase leads you to the upstairs Entertainment area/loft. Large Master Bedroom which will accommodate large furniture. Relaxing Master Bath with dual sinks, granite counter tops, soaking garden tub and separate shower. Large Secondary bedrooms with private bath. This home is energy efficient with AO Smith Hybrid Hot Water Heater, Low-E double Pane Windows and Radiant Heat Barrier. Sprinkler System and Water Softener.

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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: 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
 

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

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,111
Property Tax -$526
Property Insurance -$185
HOA -$11
Property Management Fees -$129
CASH FLOW
$18

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

$1,980

PROJECTED RENT

0.62%

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-$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$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 50% 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

6.42

YEARS SAVED

$23,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,973

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$1,9004$1,9805$2,200
$2,200
RENT COMPS ANALYSIS
  • 11802 Valhalla Woods Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.78
    •  
  • 11467 Newgate Crest Dr Riverview, FL 1
    • 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2007
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.75
    •  
  • 11715 Winterset Cove Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2017
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 12412 Ballentrae Forest Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2015
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 11710 Winterset Cove Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2017
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
PROPERTY LISTING DETAILS
Katie Greene
1.813.548.2693
Xpress Property Resource,inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286510
Last Updated: 01/24/2021
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