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11848 Frost Aster Dr Riverview, FL 33579

3 Beds 2 Baths 1,989 sqft Built 2015

$320,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $160.88
  • 3 Days on Market
  • MLS # : L4921621
  • Updated Date : 03/20/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,989 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Smart

Listing Agent's Description

Gorgeous 3 Bedroom 2 Bathroom Riverview Home in the Esteemed Gated Community of Waterleaf. This home features an open floor plan, a den, premium laminate flooring in the bedrooms & den, and is situated on an oversized lot with a fully fenced backyard- no rear neighbors! The kitchen features solid wood cabinetry, crow molding, stainless steel appliances, and an oversized island. The master suite features beautiful bay windows with views of the backyard and conservation area. The master bath is complete with granite counters, custom decorative tile, his & her sinks and a large walk in shower. A covered screened lanai overlooks a large backyard and peaceful conservation area. The Waterleaf communities offer you a pool, fire pit, dog park, playground, walking trails, and high speed ultra-fi. This community is located within close proximity to US 301, Big Bend Rd, I75, quick commute to the downtown Tampa area,  and a variety of shops, dining, and entertainment venues.

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
 

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

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,111
Property Tax -$490
Property Insurance -$152
HOA -$72
Property Management Fees -$129
CASH FLOW
-$145

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

$1,810

PROJECTED RENT

0.57%

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-$4.0k-$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$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 60% 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

3.67

YEARS SAVED

$10,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,875

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8103$1,9504$2,0255$2,100
$2,100
RENT COMPS ANALYSIS
  • 11848 Frost Aster Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.91
    •  
  • 13263 Evening Sunset Ln Riverview, FL 1
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $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
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 13151 Green Violet Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2017
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.98
    •  
  • 13424 Prestwick Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2003
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Ben Becton
1.863.617.0232
Keller Williams Realty Smart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4921621
Last Updated: 03/20/2021
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