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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Williamsburg West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
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
-
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
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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
1.813.997.0864
Bhhs Florida Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282553
Last Updated: 01/01/2021
