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27223 Big Sur Wesley Chapel, FL 33544

3 Beds 3 Baths 1,386 sqft Built 2000

$220,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $158.73
  • 3 Days on Market
  • MLS # : U8105947
  • Updated Date : 11/28/2020 at 13:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,386 sqft
  • Baths : 2 full , 1 half
Listing Agent

Palm Realty & Associates,

Listing Agent's Description

LOCATION, LOCATION, LOCATION! WESLEY CHAPEL IS THE PLACE TO BE! THIS BIG CORNER LOT JEM SITS ON THE HEART OF WESLEY CHAPEL, TUCKED AWAY IN THE HIGHLY DESIRED NEIGHBORHOOD OF BARRINGTON AT NORTHWOOD. FATASTIC ELEMENTARY, MIDDLE, AND HIGH SCHOOLS. JUST 15 MINUTES FROM USF AND 5 MINUTES FROM PASCO COMMUNITY COLLAGE. THIS PROPERTY WOULD MAKE A GREAT STARTER HOME, PERFECT FOR THE WORKING PORESSIONAL, OR SNOWBIRDS TRYING TO GET AWAY FROM THE BIG CITY LOCK DOWNS. EASY COMMUTE TO I-75, I-275, AND VETERANS EXPRESSWAY, AND COMMUTE TO ANY PART OF TAMPA AND BEYOND QUICKLY. SHOPPING CENTERS, GROCERY STORES (COSTCO, SAMS CLUB, PUBLIX, AND TARGET, ALDI'S, WINN-DIXIE, ETC...), AND ALSO CONVINIENCE STORES LIKE RACETRACK, WAWAS, AND MANY MORE. THIS HOME IS ALSO RIGHT IN THE MIDDLE OF OUTDOOR SHOPPING MALLS TAMPA PREMIUM OUTLETS AND WIREGRASS MALL WHICH ARE ALL JUST MINUTES AWAY. FLORIDA HOSPITAL AND SOME OF THE AREAS BEST DOCTORS ARE ALSO NEARBY. FOR THE OUTDOOR AFICIONADO, THIS PROPERTY IS ALSO CLOSE TO OUTDOOR ACTIVITIES LIKE THE FANTASTIC SUNCOAST TRAIL AND FLAT WOODS PARK TRAILS. THIS HOMEWILL NOT LAST!!

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: Northwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Northwood

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
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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$812
Property Tax -$323
Property Insurance -$117
HOA -$85
Property Management Fees -$80
CASH FLOW
$3

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.

$220,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.4%
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$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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$18,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,431

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4203$1,5404$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 27223 Big Sur Wesley Chapel, FL 2
    • 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.02
    •  
  • 27151 Big Sur Dr Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1999
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.05
    •  
  • 27747 Sky Lake Cir Wesley Chapel, FL 3
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1998
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.01
    •  
  • 27427 Sky Lake Cir Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1997
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 27825 Breakers Dr Wesley Chapel, FL 5
    • 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 2003
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
PROPERTY LISTING DETAILS
Gersson Perez
1.813.577.9100
Palm Realty & Associates,
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8105947
Last Updated: 11/28/2020
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