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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33598
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,537
LOAN DETAILS
$871
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,998 |
| Loan Amount | $176,993 |
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
-
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
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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
1.321.610.5940
Holiday Builders Of The Gulf C
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3275051
Last Updated: 11/08/2020
