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16337 Treasure Point Dr Wimauma, FL 33598

3 Beds 2 Baths 2,008 sqft Built 2016

$299,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $149.35
  • 3 Days on Market
  • MLS # : A4494219
  • Updated Date : 03/13/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,008 sqft
  • Baths : 2 full
Listing Agent

Re/quest Realty Llc

Listing Agent's Description

Welcome home to this beautifully upgraded Summerwood model in the highly sought after gated community of Sereno. This lovely Centex home has all the finer touches. This home has 16" tile on the diagonal throughout, elegant expresso cabinets, granite tops, tile backsplash and top of the line stainless steel appliances. You will love this gourmet kitchen with lots of counter space, beautiful pendant lights over the bar, a large dining area and plenty of natural light. This meticulous owner has also included upgraded tile in the bathrooms, an oversized shower, a new wash tub in laundry, trey ceiling in master, upgraded Hunter fans and light fixtures throughout. And don't forget the oversized (24x18) garage with an extended 13x9 area for a third car, workshop, boat, etc... This home perfect! Also enjoy views of the pond from your covered screened in and paver lanai. Perfect for those summer nights! The owner has also upgraded to Centex whole house Energy Package which lowers your energy costs. Sereno is a gated community that offers ultrafi with FREE internet and cable. Sereno is a wonderful master planned community offering a large clubhouse, huge pool, golf cart and walking trails, basketball, tennis, pickleball, shuffle board and dog runs. This community is conveniently positioned near U.S. 301, tons of shopping, schools, and more. Hurry!!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,042
Property Tax -$428
Property Insurance -$153
HOA -$71
Property Management Fees -$129
CASH FLOW
-$33

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.

$299,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.60%

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-$2.0k$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,973

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7903$1,8504$1,9955$2,095
$2,095
RENT COMPS ANALYSIS
  • 16337 Treasure Point Dr Wimauma, FL 2
    • 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.89
    •  
  • 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 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.91
    •  
  • 4834 Sandy Glen Way Wimauma, FL 3
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2017
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 16317 Treasure Point Dr Wimauma, FL 4
    • 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
    •  
  • 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
Jason Gabbard
1.941.718.1111
Re/quest Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4494219
Last Updated: 03/13/2021
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