Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10921 Standing Stone Dr Wimauma, FL 33598

3 Beds 2 Baths 1,978 sqft Built 2012

$234,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $118.76
  • 3 Days on Market
  • MLS # : T3273797
  • Updated Date : 11/01/2020 at 17:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,978 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Beautifully Maintained 3 Bed/ 2 Bath Home in Excellent Riverview Location! Truly Move In Ready with Neutral Decor and Plenty of Upgrades! Kitchen boasts Gorgeous Granite Counters, Maple Cabinets, Stainless Steel Appliances and Large Breakfast Nook. Open Floor Plan is Perfect for Entertaining or keeping an eye on the Little Ones. Ceramic Tile in All Wet Areas AND Main Living Areas - So Easy to Keep Clean! HUGE Master Bedroom and En Suite Bathroom w/ Dual Vanity Sinks, Garden Tub & Stall Shower. Split Bedroom Floorplan provides Privacy for everyone. Relax Out Back with coffee or cocktails (and some Shade) in the Covered Patio OR Sunbathe on the Extended Screened Lanai. Great for BBQ's! Home is Conveniently Located to Lots of Area Shopping, Restaurants, Banking, Movie Theater and More! Easy Access to I 75 for Commute to Tampa or Bradenton/Sarasota. Neighborhood Amenities include Fitness Center Playground & Community Pool. With Home Inventory SO LOW, this Beauty Won't Last!

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
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$867
Property Tax -$415
Property Insurance -$151
HOA -$8
Property Management Fees -$80
CASH FLOW
$79

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.

$234,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.68%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$26,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,622

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5953$1,6004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 10921 Standing Stone Dr Wimauma, FL 4
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
  • 10931 Rainbow Pyrite Dr Wimauma, FL 1
    • 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2016
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.80
    •  
  • 10763 Carloway Hills Dr Wimauma, FL 2
    • 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,971 Sqft ∙ Built 2010
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 11046 Standing Stone Dr Wimauma, FL 3
    • 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2016
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 14306 Edinburgh Moor Dr Wimauma, FL 5
    • 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2013
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Mary Adrian
1.813.951.4733
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273797
Last Updated: 11/01/2020
BESbswy