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19921 Wyndmill Cir Odessa, FL 33556

4 Beds 2 Baths 2,017 sqft Built 2000

$375,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $185.92
  • 3 Days on Market
  • MLS # : T3287885
  • Updated Date : 02/05/2021 at 08:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,017 sqft
  • Baths : 2 full
Listing Agent

Mihara & Associates Inc.

Listing Agent's Description

BEAUTIFUL Executive style 4/2/2 home available in the heart of Odessa! As you approach this home, you will notice the GORGEOUS curb appeal with upscale LANDSCAPING, & well appointed elevation details plus a BRAND NEW ROOF! BEAUTIFUL porcelain tile throughout the common areas. CROWN MOLDING throughout giving each room that special touch. SPACIOUS formal areas with VOLUME ceilings & a fabulous view of the pool area. This GORGEOUS Kitchen is the heart of the home with plenty of countertop space for easy entertaining along with a Breakfast Nook. Set the mood with UPPER & LOWER cabinet lighting. SOPHISTICATED cabinetry with raised paneling, soft closed doors & drawers, marble stone backsplash & GRANITE countertops complemented with STAINLESS STEEL appliances & sink! Enjoy movie night with the family in the roomy Leisure Room adjacent to the Kitchen. Large Master Bedroom with ensuite & walk-in closet plus PRIVATE SLIDERS out to the Lanai & Pool area. Ensuite includes his & her vanities with separate soaking tub, shower & water closet. 3 nice size secondary bedrooms. The secondary bath can also serve as a guest bath & pool bath with a rear entrance. Laundry Room equipped with upper cabinetry. Very PRIVATE & PEACEFUL-screened in Lanai with a GORGEOUS POOL equipped with a fountain water feature & surrounded by cool decking. Fully fenced-in rear yard great for pets & kids to play in. Ring door is included with the home. Optional Solar Panels & Tesla Powerwall system. Call today for your PRIVATE SHOWING!

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: 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,303
Property Tax -$465
Property Insurance -$154
HOA -$33
Property Management Fees -$129
CASH FLOW
$106

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.

$375,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.58%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$37,857

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,178

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$2,0953$2,1904$2,2005$2,495
$2,495
RENT COMPS ANALYSIS
  • 19921 Wyndmill Cir Odessa, FL 3
    • 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.09
    •  
  • 19716 Wyndmill Cir Odessa, FL 1
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1994
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.99
    •  
  • 19929 Wyndmill Cir Odessa, FL 2
    • 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1997
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.02
    •  
  • 19809 Wyndmill Cir Odessa, FL 4
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1998
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 1135 Wyndham Lakes Dr Odessa, FL 5
    • 4 beds 2 baths ∙ 2,216 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,216 Sqft ∙ Built 1999
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.13
    •  
PROPERTY LISTING DETAILS
Lisa Carroll
1.813.205.7337
Mihara & Associates Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287885
Last Updated: 02/05/2021
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