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12023 Butler Woods Cir Riverview, FL 33579

3 Beds 3 Baths 1,780 sqft Built 2005

$245,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $137.64
  • 2 Days on Market
  • MLS # : T3286538
  • Updated Date : 01/23/2021 at 22:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,780 sqft
  • Baths : 3 full
Listing Agent

People's Choice Realty Svc Llc

Listing Agent's Description

Excellent home with fresh paint and beautiful backyard with vinyl fence and also has oversized screened lanai rear patio for a relaxing evening. As you walk up the side walk and get to the front door, note the covered entry and unique intercom door bell. After entering, the colorful dining room is to your left and living room to the right side. Straight ahead is a full bath and then a nice spacious, kitchen with stainless steel appliances, granite countertops and lots of cabinets. The closet pantry is handy to the chef preparing the meals for everyone. Sliders lead out to an oversized screened lanai and large vinyl-fenced backyard with fire pit. A Nest thermostat and new A/C was installed in 2017 and conveys to the new owner. Ceramic tile that looks like wood flooring throughout the first floor, carpet in the bedrooms upstairs and all 3 bathrooms have granite countertops. Laundry room and all 3 bathrooms have 16"x16" ceramic tile. There is a four-camera security system and motion detection installed. Garage has epoxy painted floors. Just move in and enjoy the quiet neighborhood! No rear neighbors. Summerfield is a golf community offering residents the use of two community pools, a clubhouse, 2 fitness centers, indoor basketball courts, playgrounds, picnic area, baseball and soccer fields, tennis courts as well as on-going community events. Conveniently located to US 301 and I-75 for easy commuting, shopping, and dining. Low HOA fees and NO CDD fee. Schedule a private showing soon. Tenant occupied. Showings by appointment only.

SEE MORE

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$851
Property Tax -$337
Property Insurance -$140
HOA -$38
Property Management Fees -$129
CASH FLOW
$135

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.

$245,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.67%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$30,692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,642

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,6303$1,6904$1,7005$1,745
$1,745
RENT COMPS ANALYSIS
  • 12023 Butler Woods Cir Riverview, FL 2
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.92
    •  
  • 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
    •  
  • 12623 Belcroft Dr Riverview, FL 3
    • 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2009
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.96
    •  
  • 11514 Balintore Dr Riverview, FL 4
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2012
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 12610 Evington Point Dr Riverview, FL 5
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2009
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.93
    •  
PROPERTY LISTING DETAILS
Kannan Deivasigamani, Llc
1.813.966.5241
People's Choice Realty Svc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286538
Last Updated: 01/23/2021
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