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27312 Edenfield Dr Wesley Chapel, FL 33544

4 Beds 3 Baths 2,582 sqft Built 2005

INVESTimate

$374,000

List Price

$2,050

$1,845 - $2,255

Rent Est.

$385,145  ( +2.98%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $144.85
  • 16 Days on Market
  • MLS # : T3258439
  • Updated Date : 08/25/2020 at 18:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,582 sqft
  • Baths : 3 full
Listing Agent

Mvp Realty Associates

Listing Agent's Description

This home has 4 bedrooms, 3 bathrooms and a bonus room. The gourmet kitchen has granite counters, center island, breakfast bar, and an eat-in area with sitting window. The family room and dining room have designer touches such as archways, decorative columns, volume ceilings and ceramic tile. The family room has triple sliding glass doors that offer nature views. The extended / screened patio overlooks the pond and conservation area. The downstairs master suite has trey ceilings, a garden tub with separate shower, walk-in closet & his/her vanities. The upstairs bonus room would make an ideal game room, home theater, or office. The home is located right around the corner from the award winning Seven Oaks club which features resort pools, theater, cafe, fitness center, sports fields, tennis courts, volleyball, basketball & a playground.

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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: Seven Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k427k

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

Neighborhood: Seven Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052224

* 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
Seven Oaks Elementary School Primary Regular 1,082 76 7
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Seven Oaks Elementary School

  • Education Level: Primary
  • # of students: 1,082
  • # of teachers: 76
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
 

$336,600$411,400$374,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,380
Property Tax -$576
Property Insurance -$187
HOA -$9
Property Management Fees -$80
CASH FLOW
-$181

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.

$374,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 2.98%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,860

INVESTMENT

$104,860

Down Payment
$93,500
Rehab Estimate
$5,750
Closing Costs
$5,610

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,380

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,500
Loan Amount $280,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,320

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,150

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0503$2,1454$2,1505$2,400
$2,400
RENT COMPS ANALYSIS
  • 27312 Edenfield Dr Wesley Chapel, 2
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.79
    •  
  • 27525 Edenfield Dr Wesley Chapel, 1
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2004
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 3048 Sunwatch Dr Wesley Chapel, 3
    • 3 beds 2 baths ∙ 2,596 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,596 Sqft ∙ Built 2004
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.83
    •  
  • 3017 Sunwatch Dr Wesley Chapel, 4
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
  • 27201 Firebush Dr Wesley Chapel, 5
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2005
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
PROPERTY LISTING DETAILS
Demetrius Washington
1.813.404.2794
Mvp Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3258439
Last Updated: 08/25/2020
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