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10158 Carloway Hills Dr Wimauma, FL 33598

5 Beds 3 Baths 2,949 sqft Built 2018

$290,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $98.34
  • 4 Days on Market
  • MLS # : T3288642
  • Updated Date : 02/06/2021 at 09:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,949 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

We have several offers please submit your HIGHEST and BEST OFFER! All Contract will be reviewed Sunday! Thank you! Newer Construction Built in 2018! Why wait when you can have it NOW! You want space! I got it, this Lennar Raliegh model boasts 2949 heated sq. ft., 5 bedroom, 2.5 bath, with a 2 car garage. The kitchen is fully furnished with designer laminate countertops, the ceramic tile floors in the foyer are low maintenance, has a laundry room and all baths, a programmable thermostat, a 40-gallon electric water heater, and 36" cabinets with raised panel doors. It has a massive upstairs loft and privately fenced in back yard with Florida friendly landscaping package. prefect for entertaining, plus NO REAR neighbors! This well kept home also has the ELUSIVE FIRST FLOOR MASTERBEDROOM, with on suite bathroom and laundry room. This home conveys the ring doorbell and the ADT security system. AYERSWORTH has a resort style pool, fitness center, basketball court, tot lot, conference room and more! Easy access to I-75, the Salmon Expressway, Skyway and the Bay area beaches and conveniently located by new shopping areas, restaurants and outlets! Have you realtor Schedule with SHOWTIME Today!

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: 33598

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k374k

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

Zip Code: 33598

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8781748

* 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
Reddick Elementary School Primary Regular 832 72 2
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Reddick Elementary School

  • Education Level: Primary
  • # of students: 832
  • # of teachers: 72
2
GreatSchools Rating

Shields Middle School

  • Education Level: Middle
  • # of students: 1,474
  • # of teachers: 99
2
GreatSchools Rating

Lennard High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 114
4
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,007
Property Tax -$463
Property Insurance -$208
HOA -$6
Property Management Fees -$129
CASH FLOW
$137

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.

$290,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 2.0%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$32,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,976

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,7993$1,9504$1,9505$2,200
$2,200
RENT COMPS ANALYSIS
  • 10158 Carloway Hills Dr Wimauma, FL 4
    • 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.66
    •  
  • 10645 Standing Stone Dr Wimauma, FL 1
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2016
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.67
    •  
  • 10811 Kirkwall Port Dr Wimauma, FL 2
    • 4 beds 4 baths ∙ 2,628 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,628 Sqft ∙ Built 2012
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.68
    •  
  • 10126 Celtic Ash Dr Ruskin, FL 3
    • 5 beds 3 baths ∙ 3,008 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,008 Sqft ∙ Built 2013
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.65
    •  
  • 10160 Celtic Ash Dr Ruskin, FL 5
    • 5 beds 4 baths ∙ 3,233 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,233 Sqft ∙ Built 2013
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.68
    •  
PROPERTY LISTING DETAILS
George Kokoris, Jr
1.727.542.7773
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288642
Last Updated: 02/06/2021
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