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27205 Hawks Nest Cir Wesley Chapel, FL 33544

4 Beds 3 Baths 2,399 sqft Built 2015

INVESTimate

$375,000

List Price

$2,190

$1,971 - $2,409

Rent Est.

$395,250  ( +5.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $156.32
  • 3 Days on Market
  • MLS # : W7825788
  • Updated Date : 08/25/2020 at 10:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,399 sqft
  • Baths : 3 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Welcome to Quail Woods, a Gated Community located in Wesley Chapel No CDD and HOA includes cable and internet. This updated home features 4 Bedrooms, 3 Full Baths and a 3 Car Wide Garage with Brick Paver Driveway and custom Curbing. Ceramic Tile throughout the main living areas and Engineered Hardwood in the bedrooms. The spacious open floor plan with 10 ft. ceilings includes a Formal Living Room and Dining Room. The gourmet Kitchen with staggered 42 inch cabinets, Stainless appliances, Granite counters, center island, and recessed lighting. Spacious Owners Retreat with on-suite has dual sinks, large walk in shower and separate soaking tube. The secondary bedrooms are set in 3 way split. Inside laundry room includes deep sink a linen closet, shelving and a storage cabinet. The private back yard is fully PVC fenced with outdoor landscape lighting, brick paver patio in addition to the brick paver screened in lanai.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Quail Woods

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k332k

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

Neighborhood: Quail Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900200021002200Rent in $8782211

* 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
Quail Hollow Elementary School Primary Regular NA
Cypress Creek Middle High School Middle Regular NA
Cypress Creek Middle High School High Regular NA

Quail Hollow Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

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

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,384
Property Tax -$416
Property Insurance -$176
HOA -$208
Property Management Fees -$80
CASH FLOW
-$74

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) 4.13%
Appreciation Year (1-5) 5.40%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$22,598

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
  • $0.91

    LIST RENT PER SQFT
  • $2,143

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8753$1,9954$2,190
$2,190
RENT COMPS ANALYSIS
  • 27205 Hawks Nest Cir Wesley Chapel, 4
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.91
    •  
  • 5335 Bold Venture Pl Wesley Chapel, 1
    • 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 1999
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 27217 Hollybrook Trl Wesley Chapel, 2
    • 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 2003
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.88
    •  
  • 7033 Frascati Loop Wesley Chapel, 3
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 2004
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
PROPERTY LISTING DETAILS
Rose Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7825788
Last Updated: 08/25/2020
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