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15421 Florida Breeze Loop Wimauma, FL 33598

4 Beds 2 Baths 1,618 sqft Built 2009

$235,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $145.24
  • 2 Days on Market
  • MLS # : R4905054
  • Updated Date : 07/13/2021 at 14:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,618 sqft
  • Baths : 2 full
Listing Agent

Kast Real Estate

Listing Agent's Description

Ready for you to move in! (4) Bedroom, (2) Bathroom home. Freshly painted interior with beautiful Laminate Flooring throughout main living areas. Open floor plan with the kitchen opening into the living room giving ample room to spread out. A Spacious Master Bedroom with a Walk in Closet, and Three Additional Bedrooms Opposite the Master, Allowing for Plenty of Privacy for Everyone. New A/C Unit, Water Heater, Range were all replaced this year. Attached two car garage. Easy Access to I-75 and US HWY 301 Makes for Easy Commute! Don't Miss The Opportunity to Make This Home Yours Today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$211,500$258,500$235,000

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 -$816
Property Tax -$314
Property Insurance -$130
HOA -$44
Property Management Fees -$129
CASH FLOW
$167

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.

$235,000

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$16k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$32,190

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
  • $0.99

    LIST RENT PER SQFT
  • $1,578

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,5003$1,6004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 15421 Florida Breeze Loop Wimauma, FL 3
    • 4 beds 2 baths ∙ 1,618 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,618 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 15427 Florida Breeze Loop Wimauma, FL 1
    • 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,484 Sqft ∙ Built 2009
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.87
    •  
  • 15406 Florida Breeze Loop Wimauma, FL 2
    • 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 2013
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 5028 Sandy Brook Cir Wimauma, FL 4
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2007
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 15802 Cobble Mill Dr Wimauma, FL 5
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2009
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
PROPERTY LISTING DETAILS
Doug Kasting
1.813.335.3767
Kast Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: R4905054
Last Updated: 07/13/2021
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