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5816 Butterfield St Riverview, FL 33578

5 Beds 3 Baths 2,244 sqft Built 2009

$329,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $147.01
  • 2 Days on Market
  • MLS # : O5902983
  • Updated Date : 11/02/2020 at 13:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,244 sqft
  • Baths : 3 full
Listing Agent

Empire Network Realty

Listing Agent's Description

Exquisite and well proportioned 5 bedroom, 3 bath home for sale in Riverview, FL. This lovely and impeccable one-time owner property is located in a stellar location close to shopping and dining. Distinctive elegance is notable as you walk in on porcelain and marble floors all throughout with freshly painted walls. Some of the upgraded features this home includes are Upgraded Cabinets with Granite Countertops, Stainless Steel Appliances (GE), 5.25" Baseboards and Crown Moldings throughout, Decorative Stone Walls (2), Custom Closets, Upgraded Bathroom Wall Tile and Countertops, Moen Faucets throughout, Pre-wired for Alarm System and Security Camaras. It also features a Spacious, Paver Backyard with Synthetic Grass facing Conservation Area (great for privacy and entertaining). Don't miss out on this great opportunity, call today for a personal tour.

SEE MORE

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: 33578

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k268k

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

Zip Code: 33578

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8781726

* 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
Symmes Elementary School Primary Regular 651 49 4
Giunta Middle School Middle Regular 951 61 1
Riverview High School High Regular 2,387 128 6

Symmes Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 49
4
GreatSchools Rating

Giunta Middle School

  • Education Level: Middle
  • # of students: 951
  • # of teachers: 61
1
GreatSchools Rating

Riverview High School

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

$296,910$362,890$329,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,217
Property Tax -$454
Property Insurance -$167
HOA -$45
Property Management Fees -$80
CASH FLOW
$27

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.

$329,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$29,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,986

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,9003$1,9254$1,9905$2,045
$2,045
RENT COMPS ANALYSIS
  • 5816 Butterfield St Riverview, FL 4
    • 5 beds 3 baths ∙ 2,244 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,244 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.89
    •  
  • 1416 Trail Boss Ln Brandon, FL 1
    • 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2001
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.88
    •  
  • 1819 Cattleman Dr Brandon, FL 2
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 1995
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 1427 Saddle Gold Ct Brandon, FL 3
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2000
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.93
    •  
  • 1625 Compton St Brandon, FL 5
    • 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 1992
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.89
    •  
PROPERTY LISTING DETAILS
Idejair Pereira
1.407.373.3976
Empire Network Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902983
Last Updated: 11/02/2020
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