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722 Winterbrooke Way Sun City Center, FL 33573

3 Beds 2 Baths 1,600 sqft Built 1995

$249,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $156.19
  • 8 Days on Market
  • MLS # : T3272870
  • Updated Date : 10/28/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

Beautifully maintained one owner home! This home features a split floor plan that looks out to the Caloosa golf course, 12th hole, so new owners will always enjoy green well maintained views. Roof replaced in 2015 and water softener installed last year. The interior features large rooms and an eat in kitchen, beautiful granite countertops and a spacious glassed in lanai (also under air). The second bedroom comes with an almost new murphy bed, so you can use the space as you please when guests are not visiting. A MUST SEE! Sun City Center association hosts a 6,000 SF fitness center, indoor and outdoor pools, all sports, over 200 membership clubs, 6 local SCC golf courses and so much more. A premier Florida 55 plus community of Sun City Center.

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

Neighborhood: Caloosa Point

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280k300kPrice in $55k304k

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

Neighborhood: Caloosa Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7391709

* 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
Cypress Creek Elementary School Primary Regular 649 60 2
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Cypress Creek Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 60
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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$922
Property Tax -$317
Property Insurance -$129
HOA -$130
Property Management Fees -$80
CASH FLOW
-$19

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.

$249,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$16,251

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,632

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,6003$1,8004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 722 Winterbrooke Way Sun City Center, FL 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.98
    •  
  • 2338 W Del Webb Blvd Sun City Center, FL 2
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1996
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 15740 Crystal Waters Dr Wimauma, FL 3
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2007
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 5028 Sandy Brook Cir Wimauma, FL 4
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2007
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 15802 Cobble Mill Dr Wimauma, FL 5
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2009
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
PROPERTY LISTING DETAILS
Lauren Guentner
1.813.486.0299
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3272870
Last Updated: 10/28/2020
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