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28477 Cozy Creek Dr Wesley Chapel, FL 33543

4 Beds 4 Baths 2,462 sqft Built 2018

$379,900

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $154.31
  • 2 Days on Market
  • MLS # : T3295607
  • Updated Date : 03/14/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,462 sqft
  • Baths : 3 full , 1 half
Listing Agent

Tampa4u.com Realty,llc

Listing Agent's Description

TROPICAL PARADISE DREAM HOME NEW CONSTRUCTION BUILT IN 2018 IN THE AMAZING MAINTENANCE-FREE AMENITIES NEIGHBORHOOD OF ARBORS OF WIREGRASS RANCH! The fantastic "Willow" 4 Bed 3.5 Bath floorplan is rare and highly sought after due to it's Double Owner's Suite and "Rear Garage" design. Charming curb appeal with POND VIEW COVERED FRONT PORCH. A wonderful KITCHEN is at the heart of this home featuring gorgeous cabinetry, CENTER ISLAND BREAKFAST BAR, GRANITE COUNTERTOPS and a BUILT-IN BUFFET with extra cabinetry. OPEN CONCEPT living as the DINING ROOM flows into the LIVING ROOM. AWESOME LOFT RECREATION ROOM perfect for fun for everyone. The downstairs owner’s suite feature a large walk-in California Closet and En-suite. The upstairs owners suite has an extra-large bedchamber as well as an extra-large en-suite including a GARDEN TUB and WALK-IN CALIFORNIA CLOSET. SPACIOUS BEDROOMS for all! Covered CUSTOM BRICK PAVER COURTYARD style PATIO with wall mounted television and fun campfire zone. Fully fenced xeroscaped backyard perfect for outdoor living! 2 car detached rear garage with convenient alley access. Great location with walking distance to WIREGRASS MALL and easy commute to Tampa. The Arbors offers a Maintenance-free lifestyle combined with fun amenities such as RESORT STYLE COMMUNITY POOL WITH CABANAS, a nature walking trails that wraps around a large beautiful pond, community park with an outdoor movie screen and a dog park. Excellent Schools and nearby great shopping, restaurants and recreation!

SEE MORE

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

Zip Code: 33543

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33543

ZipNIR 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
Wiregrass Elementary School Primary Unknown NA
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Wiregrass Elementary School

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

$341,910$417,890$379,900

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,320
Property Tax -$543
Property Insurance -$180
HOA -$83
Property Management Fees -$129
CASH FLOW
$165

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.

$379,900

PROJECTED PRICE

$2,420

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.3%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$42,883

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,462

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4204$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 28477 Cozy Creek Dr Wesley Chapel, FL 3
    • 4 beds 4 baths ∙ 2,462 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,462 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.98
    •  
  • 28473 Cozy Creek Dr Wesley Chapel, FL 1
    • 4 beds 4 baths ∙ 2,484 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,484 Sqft ∙ Built 2017
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
  • 3125 Sunwatch Dr Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2005
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.92
    •  
  • 29172 Perilli Pl Zephyrhills, FL 4
    • 3 beds 3 baths ∙ 2,437 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,437 Sqft ∙ Built 2017
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
  • 4024 Medicci Ln Wesley Chapel, FL 5
    • 3 beds 3 baths ∙ 2,402 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,402 Sqft ∙ Built 2015
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Joseph Buchi
1.813.426.5846
Tampa4u.com Realty,llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295607
Last Updated: 03/14/2021
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