Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12329 Silton Peace Dr Riverview, FL 33579

3 Beds 3 Baths 2,747 sqft Built 2007

$365,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $132.87
  • 4 Days on Market
  • MLS # : O5907120
  • Updated Date : 11/20/2020 at 11:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,747 sqft
  • Baths : 3 full
Listing Agent

Beycome Of Florida Llc

Listing Agent's Description

This meticulously maintained 2747sf home is on a VERY quiet loop street in the Lawford community of Panther Trace, with its own community center and pool. Amazing bamboo floors throughout the house gives it a unique charm. It has crown molding, open floor plan, and many upgrades throughout. Office with French doors off the entry foyer is perfect for work from home privacy. The kitchen is comprised of 42" maple raised panel cabinets topped w/ crown, granite countertops, center-island & all stainless appliances with walk-in pantry! The kitchen opens to the family room and to the sun room lanai perfect for any season. The private master suite is privately tucked away on one side of the home with a LARGE walk-in closet, attached bath w/ double sinks, garden tub, separate shower, and private commode. The other wing of this split floor plan has 2 guest bedrooms separated by a play room or den (bonus room), and each has its own full bath. The outdoor sun room is complete with windows and door access to the meticulously kept back yard. The back yard is fully fenced with PVC and is maintenance free! Just a short walk to the elementary school, community pool, tennis courts, park & playground! HOA is only $50 A YEAR! CDD (included in taxes) is $2050 AND expires in 7 years! In Flood zone X; on 7700 sf lot. Gas stove. This one is a must see and won't last long!

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

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,347
Property Tax -$503
Property Insurance -$196
HOA -$4
Property Management Fees -$80
CASH FLOW
-$170

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.

$365,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.54%

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-$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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$14,995

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,978

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9004$1,9605$2,025
$2,025
RENT COMPS ANALYSIS
  • 12329 Silton Peace Dr Riverview, FL 4
    • 3 beds 3 baths ∙ 2,747 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,747 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.71
    •  
  • 11434 Weston Course Loop Riverview, FL 1
    • 3 beds 2 baths ∙ 2,696 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,696 Sqft ∙ Built 2006
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 11706 Stonewood Gate Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2005
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 12505 Burgess Hill Dr Riverview, FL 3
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 12318 Silton Peace Dr Riverview, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Herve Barbera
1.844.239.2663
Beycome Of Florida Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907120
Last Updated: 11/20/2020
BESbswy