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1664 Virginia Willow Dr Wesley Chapel, FL 33544

4 Beds 3 Baths 2,358 sqft Built 2014

$380,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $161.15
  • 4 Days on Market
  • MLS # : U8102828
  • Updated Date : 11/02/2020 at 15:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,358 sqft
  • Baths : 3 full
Listing Agent

Align Right Realty Gulf Coast

Listing Agent's Description

This luxurious 4 Bedroom 3 bathroom single family home in the gated community of Arbor Woods in Wesley Chapel, Fl is for sale for only $380,000.00. Don't wait, this home will not be on the market for long!! The Master Bedroom has everything your heart can desire with separate his and hers walk in closets and a garden stall with separate shower. It is an oasis all by itself. The family room, kitchen, breakfast nook and lanai area is great for entertaining or just relaxing and enjoying the Florida life. With close to 2400 sf of living space and a large back yard, this piece of paradise is sure to be desired. The home is located only minutes from all your major shopping and highways.

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: 33544

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33544

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Denham Oaks Elementary School Primary Regular 703 53 7
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Denham Oaks Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 53
7
GreatSchools Rating

Dr. John Long Middle School

  • Education Level: Middle
  • # of students: 1,689
  • # of teachers: 101
8
GreatSchools Rating

Wiregrass Ranch High School

  • Education Level: High
  • # of students: 2,332
  • # of teachers: 138
8
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,402
Property Tax -$422
Property Insurance -$174
HOA -$119
Property Management Fees -$80
CASH FLOW
-$196

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.

$380,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.4%
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-$5.0k$0.0$5.0k$10k

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,054

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,987

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$2,0004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1664 Virginia Willow Dr Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 27718 Sugar Loaf Dr Wesley Chapel, FL 1
    • 3 beds 3 baths ∙ 2,334 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,334 Sqft ∙ Built 2004
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 1231 Big Creek Dr Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2000
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 27725 Kirkwood Cir Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2003
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 26992 Carolina Aster Dr Wesley Chapel, FL 5
    • 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 2017
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
PROPERTY LISTING DETAILS
Nerlyne Saint Charles
1.813.210.7134
Align Right Realty Gulf Coast
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8102828
Last Updated: 11/02/2020
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