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10237 Carloway Hills Dr Wimauma, FL 33598

4 Beds 3 Baths 1,914 sqft Built 2019

$250,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $130.62
  • 4 Days on Market
  • MLS # : T3288680
  • Updated Date : 02/05/2021 at 12:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,914 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Welcome Home! This less than 2-year-old home boasts 1,870 Square feet, with four bedrooms and two and a half bathrooms just waiting for you to add your personal touches! The kitchen offers ample counter space, plenty of cabinets, and a large pantry for storage. A huge living and dining room space along with a half bathroom round out the first floor. Upstairs you will find the master suite, three other bedrooms, as well as a loft, perfect for game and movie nights. The second-floor laundry room provides convenience for the entire household. Outside, you can relax and enjoy your oversized back yard! Ayersworth Glen is an amenity-rich, LOW HOA Community with a basketball court, resort-style pool, covered picnic areas, indoor clubhouse with fitness center, and a playground. Conveniently located near I-75 and Hwy 301, restaurants, shopping, hospital, and schools. Hurry, this one won't be around long!

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$868
Property Tax -$401
Property Insurance -$148
HOA -$1
Property Management Fees -$129
CASH FLOW
$13

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.

$250,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$17,961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,670

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,6453$1,6504$1,7005$1,725
$1,725
RENT COMPS ANALYSIS
  • 10237 Carloway Hills Dr Wimauma, FL 1
    • 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.82
    •  
  • 14503 Dunrobin Dr Wimauma, FL 2
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2018
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.83
    •  
  • 10120 Carloway Hills Dr Wimauma, FL 3
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2017
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 14808 Opal Ridge Pl Wimauma, FL 4
    • 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2018
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 10921 Standing Stone Dr Wimauma, FL 5
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2012
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.87
    •  
PROPERTY LISTING DETAILS
Bratisha Governor
1.813.451.1339
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288680
Last Updated: 02/05/2021
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