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16729 Mooner Plank Cir Wimauma, FL 33598

3 Beds 2 Baths 1,663 sqft Built 2020

$235,990

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $141.91
  • 2 Days on Market
  • MLS # : T3275051
  • Updated Date : 11/08/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,663 sqft
  • Baths : 2 full
Listing Agent

Holiday Builders Of The Gulf C

Listing Agent's Description

Under Construction. Located in the extraordinary Lagoon community which also features the exclusive ULTRAFi technology with super-fast internet and WiFi speeds. With up to 1 Gigabit of speed throughout the community, around the future lagoon and available inside every home you can now live in the nation’s hottest hot spot. This well-appointed home is under construction for quicker move in. It will feature White Cabinetry with 42” uppers in the Kitchen, Granite Countertops, 17”x17” Tile Flooring in the Living/Common Areas, Custom Color Interior Paint, Stainless Steel Appliances and a Tiled Shower in the Owner’s Bath. You can also enjoy the best of outdoor Florida living on the Truss Covered Porch.

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
 

$212,391$259,589$235,990

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$871
Property Tax -$315
Property Insurance -$133
HOA -$129
Property Management Fees -$80
CASH FLOW
$42

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$235,990

PROJECTED PRICE

$1,570

PROJECTED RENT

0.67%

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) 3.00%
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

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$64,537

INVESTMENT

$64,537

Down Payment
$58,998
Rehab Estimate
$2,000
Closing Costs
$3,540

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$871

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,998
Loan Amount $176,993
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$23,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,576

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,6003$1,7004$1,7455$1,850
$1,850
RENT COMPS ANALYSIS
  • 16729 Mooner Plank Cir Wimauma, FL 1
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.94
    •  
  • 16407 Treasure Point Dr Wimauma, FL 2
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2016
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 4844 Sandy Glen Way Wimauma, FL 3
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 2016
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
  • 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 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.87
    •  
  • 4834 Sandy Glen Way Wimauma, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Richard Fadil
1.321.610.5940
Holiday Builders Of The Gulf C
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275051
Last Updated: 11/08/2020
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