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10606 Massimo Dr Wimauma, FL 33598

4 Beds 3 Baths 2,846 sqft Built 2016

$280,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $98.38
  • 3 Days on Market
  • MLS # : T3275981
  • Updated Date : 11/13/2020 at 12:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,846 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

Looking for a home in a prime location that has all the upgrades and offers the Florida lifestyle you always dreamed of? you have found it! This property has almost 3,000 sq ft. of living space, 2 car garage, and a large fenced backyard. When you enter the property, a stylish foyer welcomes you, right next to it French doors of your private office space. The open floor concept is the catching part of this home. Large gourmet kitchen island, double oven, separate dinning room, family room that keeps everyone connected during your family gatherings...Upstairs you will find the bonus room, large master bedroom, 3 additional bedrooms and laundry room, the washer and dryer are included and are only 4 years old! Mirabella is conveniently located close to Big Bend Rd. and US Hwy. 301, new restaurants, shops, St. Joseph Hospital, YMCA, easy access to I75 and so much more! the community features a pool and playground. Call for a private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,033
Property Tax -$481
Property Insurance -$202
HOA -$6
Property Management Fees -$80
CASH FLOW
$68

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.

$280,000

PROJECTED PRICE

$1,870

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

PROJECTED ANNUAL CASH FLOW

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

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$29,026

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,885

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8703$1,9504$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 10606 Massimo Dr Wimauma, FL 2
    • 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.66
    •  
  • 10811 Kirkwall Port Dr Wimauma, FL 1
    • 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
    •  
  • 14063 Tropical Kingbird Way Riverview, FL 4
    • 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 2017
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
  • 10114 Celtic Ash Dr Ruskin, FL 5
    • 4 beds 3 baths ∙ 2,983 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,983 Sqft ∙ Built 2014
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.65
    •  
PROPERTY LISTING DETAILS
Laura Meza Wulf
1.813.812.9456
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275981
Last Updated: 11/13/2020
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