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1937 Tarpon Ct Wesley Chapel, FL 33543

3 Beds 2 Baths 1,502 sqft Built 1982

$239,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $159.72
  • 5 Days on Market
  • MLS # : T3282553
  • Updated Date : 01/01/2021 at 12:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,502 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

GREAT Opportunity to own your own home in Tanglewood Village of Williamsburg. Why pay Rent when you can own? This 3 bedroom, 2 bathroom home is very welcoming with a Screened Front Porch at the entry and a Screened Lanai at the back of the home. Home features a Foyer Entry with Coat Closet, Spacious Living Room, Separate Dining Room and large Kitchen. Split Bedroom Floorplan, new flooring in living areas and new carpet in bedrooms. The Master Suite has a private bathroom with shower, a Walk-In Closet, and sliding doors that lead to the Lanai. Easy access to the Lanai from Sliding Glass Doors off the Living Room and Dining Room. Location is key in the middle of Wesley Chapel. Nestled in a Cul-De-Sac and on a corner lot. Oversized 2 Car Garage (side entry) with space for your washer and dryer. This neighborhood has NO CDDs and HOA is optional, that’s right a voluntary HOA of $56 a month that includes tennis courts, pool and clubhouse. Are you ready to put your personal touches in this house and make it your home? It's "Priced to Sell"!!

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

Neighborhood: Williamsburg West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Williamsburg West

NeighborhoodNIR 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
Sand Pine Elementary School Primary Regular 579 38 7
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Sand Pine Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 38
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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$885
Property Tax -$276
Property Insurance -$124
Property Management Fees -$129
CASH FLOW
$176

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.

$239,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$41,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,603

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5503$1,5854$1,5905$1,645
$1,645
RENT COMPS ANALYSIS
  • 1937 Tarpon Ct Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.06
    •  
  • 27747 Sky Lake Cir Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1998
    property image
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.01
    •  
  • 28725 Skyglade Pl Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1996
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
  • 1907 Twisting Ln Wesley Chapel, FL 3
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1987
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $1.07
    •  
  • 28311 Tall Grass Dr Wesley Chapel, FL 5
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1993
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.10
    •  
PROPERTY LISTING DETAILS
Patty Hurlburt
1.813.997.0864
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282553
Last Updated: 01/01/2021
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