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9817 La Vonda St Riverview, FL 33569

3 Beds 2 Baths 1,803 sqft Built 1999

$298,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $165.28
  • 7 Days on Market
  • MLS # : U8110601
  • Updated Date : 01/27/2021 at 21:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,803 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Beautiful home with extraordinary VAULTED CEILINGS! It not only has the OPEN FLOOR PLAN you are looking for, but it has modern-designed built-ins. SPLIT PLAN for privacy and of course, a 3-CAR GARAGE for all your toys! The home has a NEW A/C (2018), a NEW WATER HEATER, and the interior has FRESH NEW PAINT. French doors lead out the back to a SCREENED PATIO and a nice sized backyard that is FENCED! The kitchen has granite countertops, and a large eat-in area in the kitchen. There is a SEPARATE OFFICE that can easily serve as A FOURTH BEDROOM! The master bathroom has a jacuzzi tub, and a separate shower. The master bedroom has 2 separate closets. This secluded community is close to everything, including the NEW RIVERVIEW LIBRARY. There are great SIDEWALKS to walk the doggies and children, and the homes in this community are very consistent and well kept. ONLY 10-15 MINUTES TO TAMPA!

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MARKET HIGHLIGHTS

  • #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.
  • 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)

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
Riverview Elementary School Primary Regular 622 54 5
Rodgers Middle School Middle Regular 719 49 3
Riverview High School High Regular 2,387 128 6

Riverview Elementary School

  • Education Level: Primary
  • # of students: 622
  • # of teachers: 54
5
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
 

$268,200$327,800$298,000

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 -$1,035
Property Tax -$420
Property Insurance -$141
HOA -$16
Property Management Fees -$129
CASH FLOW
-$111

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.

$298,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

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

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$84,720

INVESTMENT

$84,720

Down Payment
$74,500
Rehab Estimate
$5,750
Closing Costs
$4,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,035

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,500
Loan Amount $223,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,132

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
  • $0.9

    LIST RENT PER SQFT
  • $1,668

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,6753$1,6954$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 9817 La Vonda St Riverview, FL 1
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.90
    •  
  • 9810 La Rita Pl Riverview, FL 2
    • 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.86
    •  
  • 9704 Wydella St Riverview, FL 3
    • 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 11808 Rossmayne Dr Riverview, FL 4
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1995
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 9615 Laurel Ledge Dr Riverview, FL 5
    • 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2001
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
PROPERTY LISTING DETAILS
Beau Lucas
1.727.515.9728
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110601
Last Updated: 01/27/2021
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