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12329 Silton Peace Dr Riverview, FL 33579

3 Beds 3 Baths 2,923 sqft Built 2007

$357,500

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $122.31
  • 3 Days on Market
  • MLS # : T3286320
  • Updated Date : 01/23/2021 at 07:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,923 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

SPECTACULAR OPEN FLOOR PLAN BUILT BY DAVID WEEKLY WITH AMAZING KITCHEN OVERLOOKING SPACIOUS FAMILY ROOM AND DINING ROOM. KITCHEN FEATURES 42” MAPLE RAISED PANEL CABINETS, STAINLESS STEEL APPLIANCES, GAS RANGE, GRANITE COUNTERTOPS, ISLAND, LARGE BREAKFAST BAR AND WALK-IN PANTRY. FAMILY ROOM OVERLOOKS THE PRIVATE BACKYARD AND DINING ROOM IS PERFECTLY SITUATED JUST OFF THE KITCHEN. BEAUTIFUL BAMBOO FLOORS THROUGHOUT MOST OF THE HOME AND TILE FLOORING IN THE WET AREAS. THIS HOME ALSO COMES WITH A FORMAL LIVING ROOM, LARGE OFFICE WITH FRENCH DOORS + BONUS/FLEX ROOM. LOVELY MASTER SUITE WITH HUGE WALK-IN CLOSET AND MASTER BATH WITH DUAL VANITY, CORIAN COUNTERS, GARDEN TUB AND SEPARATE SHOWER. SPLIT PLAN WITH TWO ADDITIONAL BEDROOMS AND 2 ADDITIONAL BATHROOMS. WALK OUT TO THE ENCLOSED SUNROOM SURROUNDED BY WINDOWS ALLOWING FOR NATURAL LIGHT THROUGHOUT THE DAY. PERFECTLY MANICURED LAWN WITH PRIVATE PVC FENCING MAKING THIS YOUR IDEAL PLACE FOR FAMILY GATHERINGS AND ENTERTAINMENT. LOCATED CLOSE TO THE COMMUNITY POOL, TENNIS COURTS, PARK, PLAYGROUND AND ELEMENTARY SCHOOL. CONVENIENTLY LOCATED NEAR SHOPS, ST JOSEPH SOUTH HOSPITAL, I75 AND A EASY COMMUTE TO DOWNTOWN TAMPA. MAKE SURE YOU DON’T MISS OUT ON VIEWING THIS BEAUTIFUL HOME!

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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

Neighborhood: Panther Trace

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Panther Trace

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
Collins Elementary School Primary Regular 1,081 72 5
Barrington Middle School Middle Regular 1,227 70 6
Riverview High School High Regular 2,387 128 6

Collins Elementary School

  • Education Level: Primary
  • # of students: 1,081
  • # of teachers: 72
5
GreatSchools Rating

Barrington Middle School

  • Education Level: Middle
  • # of students: 1,227
  • # of teachers: 70
6
GreatSchools Rating

Riverview High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 128
6
GreatSchools Rating
 

$321,750$393,250$357,500

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,242
Property Tax -$492
Property Insurance -$207
HOA -$4
Property Management Fees -$129
CASH FLOW
$36

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.

$357,500

PROJECTED PRICE

$2,110

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.5%
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$0.0$5.0k$10k$15k

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$100,488

INVESTMENT

$100,488

Down Payment
$89,375
Rehab Estimate
$5,750
Closing Costs
$5,363

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,242

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,375
Loan Amount $268,125
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$28,932

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,258

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,025
1$2,0252$2,1003$2,1104$2,2505$2,600
$2,600
RENT COMPS ANALYSIS
  • 12329 Silton Peace Dr Riverview, FL 3
    • 3 beds 3 baths ∙ 2,923 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,923 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.72
    •  
  • 12318 Silton Peace Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 2,681 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,681 Sqft ∙ Built 2008
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.76
    •  
  • 12507 Burgess Hill Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 2005
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 12210 Morgans Bluff Pl Riverview, FL 4
    • 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2017
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
  • 11304 Emerald Shore Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 3,092 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,092 Sqft ∙ Built 2019
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
PROPERTY LISTING DETAILS
Arveny Vidal Rodriguez Llc
1.908.500.3578
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286320
Last Updated: 01/23/2021
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