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28603 Falling Leaves Way Wesley Chapel, FL 33543

4 Beds 3 Baths 2,493 sqft Built 1996

$305,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $122.34
  • 3 Days on Market
  • MLS # : U8106227
  • Updated Date : 12/04/2020 at 16:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,493 sqft
  • Baths : 3 full
Listing Agent

Dennis Realty & Inv. Corp.

Listing Agent's Description

Spacious four bedroom three bath home with caged inground pool in the highly desirable deed restricted community of Meadow Pointe. Home boasts split plan for privacy, high ceilings throughout, gas fireplace, hurricane shutters, whole house generator, and pocket sliders leading out to screened in pool. Home has handicap accessible kitchen, master bedroom suite, and pool. Back yard is serene and overlooks a pond. New air ducts. Fabulous location near Shops at Wiregrass, Tampa Premium Outlets, restaurants, Advent Health Hospital, and much more. Community amenities include clubhouse, lap pool & lower pool, racquetball court, tennis and pickle ball courts, basketball court, playground, cabana, shuffleboard, barbeque pits, fitness facility, and activity rooms. Home has so much potential. Call your agent to schedule a private showing today! CDD fees are included in the taxes.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Meadow Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Meadow Point

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
Sand Pine Elementary School Primary Regular 579 38 7
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Sand Pine Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 38
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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,125
Property Tax -$467
Property Insurance -$181
Property Management Fees -$129
CASH FLOW
$307

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.

$305,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.8%
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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$60,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,957

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8753$1,8954$1,9255$2,210
$2,210
RENT COMPS ANALYSIS
  • 28603 Falling Leaves Way Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.89
    •  
  • 20764 Great Laurel Ave Tampa, FL 1
    • 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2005
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.79
    •  
  • 28440 Openfield Loop Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1994
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.77
    •  
  • 28516 Hanging Moss Loop Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 1997
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 1620 Brooksbend Dr Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 1995
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.81
    •  
PROPERTY LISTING DETAILS
Sara Oquendo
1.352.428.8657
Dennis Realty & Inv. Corp.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8106227
Last Updated: 12/04/2020
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