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11905 Autumn Creek Dr Riverview, FL 33569

3 Beds 2 Baths 1,703 sqft Built 2004

$259,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $152.08
  • 4 Days on Market
  • MLS # : T3282539
  • Updated Date : 12/31/2020 at 11:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Meticulous care and careful planning of upgrades and updates have been made by the current owners. Located in Rivercrest, this 3 Bed, 2 Bath home also features an Office-Den. Walk through the leaded glass front door and into this home with warm, wood-look laminate throughout. Starting at the foyer with a separate and private Office-Den immediately to the right, then on to a formal Dining Room. To the left is a full laundry room that leads to the garage and a separate wing with two, spacious secondary bedrooms and a full bath that has been completely updated with dual sinks and high-end finishes. The renovated kitchen has an abundance of storage that includes double pantries in addition to granite counters, stainless steel appliances, and a work island with a breakfast bar that overlooks a Great Room with sliders to a screened lanai. Continue to the Master Bedroom with an updated bath with a soaking tub, walk-in shower, and walk-in closet. Active lifestyles will enjoy all the amenities that the Rivercrest community offers including a resort-style pool, tennis courts, playgrounds, parks, basketball courts and jogging-walking paths. Thank you for taking the time to see it in person.

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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
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$956
Property Tax -$420
Property Insurance -$135
HOA -$11
Property Management Fees -$129
CASH FLOW
-$51

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.

$259,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.62%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,626

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,565
1$1,5652$1,6003$1,6354$1,6945$1,945
$1,945
RENT COMPS ANALYSIS
  • 11905 Autumn Creek Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 11027 Holly Cone Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2004
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.95
    •  
  • 11625 Branch Cay Cir Riverview, FL 3
    • 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 2016
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.92
    •  
  • 11102 Holly Cone Dr Riverview, FL 4
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2004
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,694
    • $0.92
    •  
  • 11606 Mansfield Point Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 1,890 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,890 Sqft ∙ Built 2015
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.03
    •  
PROPERTY LISTING DETAILS
Raymond Chadderton
1.813.684.9500
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282539
Last Updated: 12/31/2020
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