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11832 Frost Aster Dr Riverview, FL 33579

3 Beds 2 Baths 1,940 sqft Built 2015

$279,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $144.28
  • 5 Days on Market
  • MLS # : T3275595
  • Updated Date : 11/11/2020 at 12:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,940 sqft
  • Baths : 2 full
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

You do not want to miss this beautiful home conveniently located in the resort-like feel, gated community of Waterleaf, close to everything Riverview offers its residents, but away from it all! A brick paved driveway and walkway will lead you to the entrance of this outstanding home. As you open the front door, you will be greeted by an open floor plan with a spacious living and dining room, easy care tile flooring, and an open kitchen with center island, perfect for serving while entertaining family and friends. This fabulous kitchen includes 42" cabinets, stone countertops, stainless steel appliances, beautiful backsplash, roomy pantry and an island/breakfast or snack bar. The spacious master bedroom has a large walk-in closet and a master bath with dual sinks, a relaxing soaking tub and separate shower. This 3 bedroom, 2 bath home also offers a Bonus Room, great for an office, play or hobby area or formal room. This smart home features a tile roof, decorative stone facade, many upgrades, cable and high-speed internet included in the HOA, and the list goes on. The community offers its residents a pool, clubhouse with Wi-Fi in common areas, playground, basketball court, dog park, walking trails with exercise station, a fire pit and a picnic shelter for family fun. This is a great place to call home!

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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
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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,033
Property Tax -$469
Property Insurance -$149
HOA -$68
Property Management Fees -$80
CASH FLOW
-$39

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.

$279,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.63%

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

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$18,575

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,819

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,7603$1,9504$1,9955$2,025
$2,025
RENT COMPS ANALYSIS
  • 11832 Frost Aster Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.91
    •  
  • 13033 Avalon Crest Ct Riverview, FL 1
    • 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 2008
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.87
    •  
  • 11918 Frost Aster Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2015
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 11812 Frost Aster Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2017
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
  • 13151 Green Violet Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2017
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.98
    •  
PROPERTY LISTING DETAILS
Aixa Moore
1.813.645.8481
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275595
Last Updated: 11/11/2020
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