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27233 La Jolla Way Wesley Chapel, FL 33544

4 Beds 3 Baths 2,130 sqft Built 2000

$279,500

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $131.22
  • 3 Days on Market
  • MLS # : T3276023
  • Updated Date : 11/14/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,130 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ez Choice Mls, Inc

Listing Agent's Description

BEAUTIFUL MOVE IN READY HOME, located in community of Northwood Wesley Chapel. This two story, 4 bedroom, 2 1/2 bath, 2 car garage home is located on a preserve lot with a private wooded view. Spacious living room and dining room. Wonderful floor plan also has a family room open to a Brand New kitchen with white shaker cabinets, Granite counter tops and New Stainless Steel Appliances. The entire home is newly painted inside. Tile throughout first floor. New carpet throughout second floor. New luxury vinyl wood-look plank flooring in baths and laundry room. Master bedroom has a large walk-in closet and attached bath with garden tub and separate shower. There are three additional bedrooms upstairs and a second bath. Large 375 sq. ft. enclosed patio/Florida room/game room overlooks the backyard. Lawn maintained by HOA. Northwood community offers a pool, recreation building, tennis court and basketball. Convenient to I-75, restaurants, shopping and downtown Tampa. Measurements are approximate. One year Home Warranty included. Come see this home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$251,550$307,450$279,500

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,031
Property Tax -$411
Property Insurance -$160
HOA -$85
Property Management Fees -$80
CASH FLOW
-$37

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.

$279,500

PROJECTED PRICE

$1,730

PROJECTED RENT

0.62%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,818

INVESTMENT

$79,818

Down Payment
$69,875
Rehab Estimate
$5,750
Closing Costs
$4,193

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,031

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,875
Loan Amount $209,625
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$18,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,731

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6493$1,7304$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 27233 La Jolla Way Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.81
    •  
  • 27734 Breakers Dr Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2003
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 27700 Breakers Dr Wesley Chapel, FL 2
    • 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2001
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.73
    •  
  • 27718 Sugar Loaf Dr Wesley Chapel, FL 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Shawna Kugler
1.813.377.2260
Ez Choice Mls, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276023
Last Updated: 11/14/2020
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