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28477 Cozy Creek Dr Wesley Chapel, FL 33543

4 Beds 4 Baths 2,462 sqft Built 2018

$399,989

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $162.47
  • 6 Days on Market
  • MLS # : T3286604
  • Updated Date : 01/26/2021 at 09:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,462 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

Welcome Home! Stunning and impeccably maintained 2018 built 4 bedroom, 3.5 bath, 2 car garage Willow floor plan home in the sought-after Community of Arbors at Wiregrass Ranch. Open the front door and prepare to be impressed! The kitchen is a chef’s dream come true offering stainless steel appliances, walk in pantry, upgraded cabinetry and overlooks the family room making it perfect for entertaining. Downstairs to include an owner’s suite with private bath. Upstairs you will be welcomed by a nicely appointed loft area that is perfect for a game room or office space. Additionally, upstairs, you will love the second owner’s suite with private bath and two other additional bedrooms that share a secondary bath. Step outside your back door to the gorgeous pavered patio area. Offering views from both the front and back of the home to include the trails and community pool this is a MUST SEE! Centrally located to Airport, MacDill AFB, Hospitals and close to shopping, dining, beaches and more! Schedule your showing today.

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

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
 

$359,990$439,988$399,989

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 -$1,389
Property Tax -$572
Property Insurance -$180
HOA -$83
Property Management Fees -$129
CASH FLOW
$66

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.

$399,989

PROJECTED PRICE

$2,420

PROJECTED RENT

0.61%

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,747

INVESTMENT

$111,747

Down Payment
$99,997
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,997
Loan Amount $299,992
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$34,378

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
    • 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
    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
    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
    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
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Luz Colon
1.813.846.6379
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286604
Last Updated: 01/26/2021
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