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

14451 Barley Field Dr Wimauma, FL 33598

3 Beds 2 Baths 1,978 sqft Built 2008

$239,999

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $121.33
  • 3 Days on Market
  • MLS # : T3285001
  • Updated Date : 01/15/2021 at 16:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,978 sqft
  • Baths : 2 full
Listing Agent

Mcbride Kelly & Associates

Listing Agent's Description

This charming 3-bedroom 2 full bath homes sits in the desirable Ayersworth Glen community. Conveniently located near shopping, schools, and I-75. Entering the home is the screened front porch that allows for a comfortable seating in the evenings. Once inside, the home opens to a dining/seating area and then to the huge family room. Off the kitchen and family room is the breakfast nook that is easily accessible from the well laid out kitchen. The enormous master bedroom provides plenty of space for a king size bed and furniture. The screened patio overlooks the fenced back yard. This home is ready for its new owner, so call today.

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
 

$215,999$263,999$239,999

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$834
Property Tax -$321
Property Insurance -$151
HOA -$8
Property Management Fees -$129
CASH FLOW
$227

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.

$239,999

PROJECTED PRICE

$1,670

PROJECTED RENT

0.70%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $179,999
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$38,681

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6704$1,6755$1,725
$1,725
RENT COMPS ANALYSIS
  • 14451 Barley Field Dr Wimauma, FL 3
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.84
    •  
  • 10763 Carloway Hills Dr Wimauma, FL 1
    • 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
    •  
  • 14306 Edinburgh Moor Dr Wimauma, FL 2
    • 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
    •  
  • 10909 Kirkwall Port Dr Wimauma, FL 4
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2015
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.85
    •  
  • 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
Jonathan Colley
1.813.254.0900
Mcbride Kelly & Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285001
Last Updated: 01/15/2021
BESbswy