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16307 Treasure Point Dr Wimauma, FL 33598

4 Beds 2 Baths 2,094 sqft Built 2016

$289,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $138.44
  • 3 Days on Market
  • MLS # : U8109307
  • Updated Date : 01/08/2021 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,094 sqft
  • Baths : 2 full
Listing Agent

Engel & Voelkers St. Pete

Listing Agent's Description

Welcome Home! This immaculate 4 bedroom 2 bathroom home sits inside a stunningly maintained gated community, Sereno, located in Wimauma, FL. This home features many upgrades to include porcelain tile throughout the entire home, a 4ft extension on the garage, a completely fenced in backyard, screened in lanai, enlarged master shower, and granite countertops throughout. All windows have blinds to include shades on the sliding glass doors. This split floor plans offers privacy for all. In the kitchen you will find granite countertops, backsplash, and stainless steel appliances. Enjoy all nature has to offer in the tranquil setting from in your backyard. Sereno is a Master planned community with Ultra Fi (fastest internet speed), playground, community pool, clubhouse, basketball and tennis courts, and miles of trails. Conveniently located near shops, restaurants, and a hospital. Just a short drive to sandy beaches, Tampa International Airport and Sarasota. One or more photo(s) has been virtually staged.

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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,007
Property Tax -$387
Property Insurance -$158
HOA -$72
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.

$289,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.66%

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$200k$400k$600k$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$35,962

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,021

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,755
1$1,7552$1,9203$1,9954$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 16307 Treasure Point Dr Wimauma, FL 2
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.92
    •  
  • 5116 Brickwood Rise Dr Wimauma, FL 1
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2018
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,755
    • $0.92
    •  
  • 16317 Treasure Point Dr Wimauma, FL 3
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2016
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 16128 Cedar Key Dr Wimauma, FL 4
    • 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2016
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 16325 Treasure Point Dr Wimauma, FL 5
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2017
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.04
    •  
PROPERTY LISTING DETAILS
Rachel Fenton
1.941.830.3090
Engel & Voelkers St. Pete
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109307
Last Updated: 01/08/2021
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