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$815,000

For Sale - Active
11449 Owasee Trails Pl, Riverview, FL 33569
5 Beds
5 Baths
4,281 Square Feet
0.16 Acres Lot
Built in 2023
For Sale - Active
1 Units
Checked: 5 hours ago
Updated: Aug 22, 2025 at 06:20AM

Investment Summary


Monthly Cash Flow
-$533
Cap Rate
5.4%
Cash-on-Cash Return
-3.4%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.7%

Property Description


0.16 Acres Lot
Built in 2023
For Sale - Active
1 Units

Welcome to this stunning 5-bedroom, 5-bath two-story home in the beautiful community of Hammock Crest. This spacious and elegant property features over 4,000 square feet of living space, perfect for families who love to entertain or simply enjoy a comfortable lifestyle. The home boasts a spacious open floor plan, with soaring ceilings and plenty of natural light. The gourmet kitchen is a chef's dream, complete with top-of-the-line appliances, granite countertops, and a large island perfect for family gatherings. The formal dining room and living room are ideal for hosting dinner parties and special occasions. Each of the five bedrooms is generously sized, with the master suite offering a luxurious en-suite bathroom and walk-in closet. Additionally, the bonus room in the master suite can be used for an office or TV and relaxing room. The beautifully landscaped yard offers plenty of outdoor space for entertaining, gardening, or simply enjoying the Florida sunshine. The three-car tandem garage provides ample storage for your vehicles and additional belongings. Located in a highly sought-after part of Riverview, this home is just minutes away from top-rated schools, shopping centers, and recreational parks. Riverview offers a wonderful community atmosphere with a variety of amenities and activities for all ages. Don't miss the opportunity to make this dream home yours! Schedule your showing today and experience the luxury and comfort of this property.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Block
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Hammock Crest/ Home River Group
  • HOA Fee: $129/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: U313021C5Y000000000440
  • Lot Size: 6938 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2023

Tax Information

  • Annual Tax: $7,741

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Hillsborough

Listing Details


Listed by:
John Martinez
COLDWELL BANKER REALTY
(813) 300-1002

Source:
Stellar MLS
MLS#: L4949574
Stellar MLS

Investment Summary


Monthly Cash Flow
-$533
Cap Rate
5.4%
Cash-on-Cash Return
-3.4%
Debt Coverage Ratio
0.87
Internal Rate of Return (5 years)
0.7%

Purchase Details

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Purchase price:
$815,000
Amount financed:
-$652,000
Down payment:
$163,000
Closing costs:
$24,450
Rehab costs:
$0
Initial cash invested:
$187,450
Square feet:
4,281
Cost per square foot:
$190
Monthly rent per square foot:
$1.49

Financing Details

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Loan amount:
$652,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,175
Property tax:
$645
Insurance:
$448
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,268

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,400 $76,800
Vacancy loss: (6%)
6% -$384 -$4,608
Operating income:
$6,016 $72,192

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$645-$7,742
Insurance: (7%)
7%-$448-$5,376
Property management: (8%)
8%-$512-$6,144
Repairs & maintenance: (5%)
5%-$320-$3,840
Capital expenditures: (5%)
5%-$320-$3,840
HOA fees: (2%)
2%-$129-$1,548
Total operating expenses: (37%)
37%-$2,374-$28,490

Cash Flow


Monthly Yearly
Net operating income:
$3,642 $43,704
Mortgage payments:
-$4,175 -$50,100
Cash flow:
-$533 -$6,396