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19713 Wyndmill Cir Odessa, FL 33556

4 Beds 3 Baths 2,462 sqft Built 1993

$349,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $142.12
  • 4 Days on Market
  • MLS # : T3287202
  • Updated Date : 01/29/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,462 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Action First Of Florida

Listing Agent's Description

Attention weekend warriors! Looking for a great home with good bones, good location & schools, and equity potential? Look no further! This home is perfect for the buyer that wants to update it THEIR way! 4bed/2.5bath POOL home with no direct rear neighbor & large yard (partially fenced) located in the wonderful Wyndham Lakes subdivision! NEWER Roof (2017), NEW AC (2019), Brand NEW Carpet throughout (2021), Newer Water Heater, and Newer Stainless Steel Appliances. When you enter the home you have a large room to the right which would make the perfect in home office or playroom with huge floor to ceiling window. Continue on to the main living room - very open layout to kitchen with 2 large sliders and window allowing lots of natural light in the main area of the home. Downstairs also has a dining room & half bath for guests - great layout for entertaining. Retreat upstairs to your bedrooms - great privacy. Large master suite on rear of home with oversized master bath including garden tub and walk in shower & large walk-in closet! 3 additional large guest rooms on the second floor with an additional guest bathroom. Relax out back with your large caged pool - lots of potential to make a FL oasis. This lot is almost 1/4 acre - great back yard space in addition to the pool! This home is zoned for some of the BEST SCHOOLS in Hillsborough County - Hammond Elm, Martinez Middle, & Steinbrenner HS!! Close access to grocery stores, restaurants, post office, and major shopping. Less than 30mins to award winning beaches, downtown Tampa, and Tampa International. SELLER OFFERS $5000 towards closing costs to compensate for Interior Paint/Repairs with right offer!! This home is a must see!!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 33556

ZipNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k463k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 33556

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052535

* 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
Hammond Elementary School Primary Regular 694 56 9
Martinez Middle School Middle Regular 1,133 59 8
Steinbrenner High School High Regular 2,329 116 8

Hammond Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 56
9
GreatSchools Rating

Martinez Middle School

  • Education Level: Middle
  • # of students: 1,133
  • # of teachers: 59
8
GreatSchools Rating

Steinbrenner High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 116
8
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,215
Property Tax -$434
Property Insurance -$180
HOA -$33
Property Management Fees -$129
CASH FLOW
$59

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.

$349,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$31,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,087

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8503$1,8954$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 19713 Wyndmill Cir Odessa, FL 4
    • 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
  • 2013 Ashley Lakes Dr Odessa, FL 1
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2005
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.81
    •  
  • 16113 Rambling Rd Odessa, FL 2
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2004
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 13801 Vanderbilt Rd Odessa, FL 3
    • 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 1231 Brooke View Dr Odessa, FL 5
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2001
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
PROPERTY LISTING DETAILS
Alison Connors
1.813.758.3063
Re/max Action First Of Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287202
Last Updated: 01/29/2021
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