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12114 Whistling Wind Dr Riverview, FL 33569

4 Beds 3 Baths 1,940 sqft Built 2014

$304,999

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $157.22
  • 3 Days on Market
  • MLS # : T3285122
  • Updated Date : 01/16/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,940 sqft
  • Baths : 3 full
Listing Agent

Re/max Realty Unlimited

Listing Agent's Description

Welcome home! Beautiful landscaping with new grey border around trees. 4 BEDROOMS & 3 FULL BATHROOMS. The family room is wide open to the kitchen with RECESSED LIGHTING. 3 SLIDING GLASS DOORS opening onto a COVERED, 10 X 30 SCREENED IN EXTENDED LANAI with 2 brand new CEILING FANS w/ remotes. The kitchen cabinets are 42’’ MAPLE ESPRESSO with CROWN MOLDING. GRANITE COUNTER-TOPS, CENTER ISLAND & STAINLESS STEEL APPLIANCES. DOUBLE OVEN in range. WATER SOFTENER. The master bedroom has a WALK-IN CLOSET. BEDROOM #2 is in the front of the home with its own FULL BATHROOM #2. Bedrooms 3 & 4 in the middle of the home have a FULL BATHROOM #3. All BATHROOMS have GRANITE COUNTER-TOPS. A LAUNDRY ROOM in the middle of the home. CERAMIC TILE THROUGHOUT THE MAIN AREAS with UPGRADED CARPET in the bedrooms. CEILING FANS w/ remotes in all the rooms & PATIO HAS NEW BLACKOUT WINDOW BLINDS. Brand new NEST Thermostat. Fresh PAINT in living room and kitchen. In addition, FULLY FENCED in YARD with 6 ft. privacy vinyl. LOW HOA & NO CDD! SCHEDULE A SHOWING TODAY!

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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: 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
 

$274,499$335,499$304,999

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,059
Property Tax -$420
Property Insurance -$149
HOA -$29
Property Management Fees -$129
CASH FLOW
$3

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.

$304,999

PROJECTED PRICE

$1,790

PROJECTED RENT

0.59%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,749
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$22,165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,804

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,694
1$1,6942$1,7003$1,7904$1,7905$1,895
$1,895
RENT COMPS ANALYSIS
  • 12114 Whistling Wind Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.92
    •  
  • 11102 Holly Cone Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2004
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,694
    • $0.92
    •  
  • 11005 Holly Cone Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2004
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 11257 Spring Point Cir Riverview, FL 3
    • 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2016
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.89
    •  
  • 12128 Rambling Stream Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2013
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.02
    •  
PROPERTY LISTING DETAILS
Tina Cooper
1.813.682.7528
Re/max Realty Unlimited
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285122
Last Updated: 01/16/2021
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