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11917 Quack Grass Ct Riverview, FL 33579

4 Beds 3 Baths 2,544 sqft Built 2016

$379,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $148.98
  • 47 Days on Market
  • MLS # : T3277451
  • Updated Date : 01/05/2021 at 12:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,544 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

*SELLER TO ASSIST WITH CLOSING COSTS* Home is located on a quiet cul-de-sac with landscaped island in front. Large single story, 3-way split plan for privacy. This floor plan had a builder option for choice of either 4th bedroom or office, and that it is being used as an office. The master bedroom has an oversized walk-in shower with a built in tiled bench and a large walk-in closet. The windows have custom plantation shutters installed just a year ago and upgraded lighting/pendants throughout. The large kitchen has a huge island and lots of cabinets and granite counter space along with a Butler's pantry across from the dining room and a large walk-in pantry with ample storage. Large enclosed lanai with a beautiful open view of the pond and wildlife. The 3 car garage has been upgraded with insulated doors, checkerboard floor tiles, and four overhead storage racks. Don't pass up the opportunity of this beautiful move-in ready home. Very clean throughout! Call today to see your new home

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Warren Hope Dawson Elementary

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

$341,100$416,900$379,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,316
Property Tax -$545
Property Insurance -$184
HOA -$8
Property Management Fees -$129
CASH FLOW
-$183

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.

$379,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.53%

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,316

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,024

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,048

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0453$2,0504$2,0955$2,150
$2,150
RENT COMPS ANALYSIS
  • 11917 Quack Grass Ct Riverview, FL 1
    • 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 12036 Cardinal Flower Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2017
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.79
    •  
  • 12017 Cardinal Flower Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2018
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.79
    •  
  • 13112 Green Violet Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2017
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.81
    •  
  • 13139 Green Violet Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2017
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
PROPERTY LISTING DETAILS
Kerin Clarkin
1.813.641.8300
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277451
Last Updated: 01/05/2021
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