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15420 Bama Breeze Pl Wimauma, FL 33598

3 Beds 2 Baths 1,197 sqft Built 2010

$210,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $175.44
  • 3 Days on Market
  • MLS # : T3287459
  • Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,197 sqft
  • Baths : 2 full
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

Move-in ready home with low HOA and no CDD fees. This affordable property is a 3 bedrooms 2 bath split floorplan & driveway can hold 2 vehicles. Interior was freshly painted, BRAND NEW LAMINATE FLOORING in main living areas and brand NEW carpet in all the bedrooms. Kitchen has ample cabinet space, decorative backsplash, and window above the double sinks. Features front porch for sitting, designer oval glass inserted front door with an additional full view aluminum storm door. Backyard is large with storage shed and is fully fenced for your enjoyment. Ceiling fans and window treatment included. Community has a indoor clubhouse that can be rented for functions and an outdoor playground and basketball court. Close proximity to shopping, medical, highways, and easy commute to MacDill AFB.

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

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
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$729
Property Tax -$281
Property Insurance -$106
HOA -$44
Property Management Fees -$129
CASH FLOW
$142

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.

$210,000

PROJECTED PRICE

$1,430

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

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$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$28,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,257

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4303$1,4504$1,5005$1,515
$1,515
RENT COMPS ANALYSIS
  • 15420 Bama Breeze Pl Wimauma, FL 2
    • 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.19
    •  
  • 14606 Brogan Castle Pl Wimauma, FL 1
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 2008
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.16
    •  
  • 14606 Crescent Rock Dr Wimauma, FL 3
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2017
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
  • 14527 Haddon Mist Dr Wimauma, FL 4
    • 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 2017
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 10880 Standing Stone Dr Wimauma, FL 5
    • 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 2009
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.99
    •  
PROPERTY LISTING DETAILS
Antonio Adams
1.813.363.6111
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287459
Last Updated: 01/30/2021
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