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28614 Twinbrook Ln Wesley Chapel, FL 33543

3 Beds 2 Baths 2,251 sqft Built 1989

$279,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $123.94
  • 3 Days on Market
  • MLS # : T3275626
  • Updated Date : 11/14/2020 at 08:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,251 sqft
  • Baths : 2 full
Listing Agent

Keller Williams - New Tampa

Listing Agent's Description

Beautifully maintained home in sought after neighborhood of Tanglewood Village within Williamsburg just off of Bruce B. Downs and 56 in the heart of Wesley Chapel. Community is convenient to Wiregrass Mall, Advent Hospital, Tampa Outlet Mall, Publix and many fine dining establishments. A+ schools, Pasco/Hernando State College, recreational facilities, Ice Rink, Tampa Tennis Academy and much, much more. Great place to raise a family. This home has a new AC as of 11/8/2020. Hot water tank is 3 years old. New flooring and paint throughout home. New landscaping and new pavers on patio off of Master Suite. Roof is 10 years old. If you desire to be a member of Williamsburg-Tanglewood Club, Tennis, swimming pool, shuffle board, basketball court, gym and much are available to you. Home will be open Saturday 11/14 from 11am until 2pm and Sunday, if still on the market, Noon until 2pm.

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: Williamsburg West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Williamsburg West

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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,029
Property Tax -$321
Property Insurance -$167
HOA -$7
Property Management Fees -$80
CASH FLOW
$115

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.

$279,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$37,918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7503$1,8504$1,9255$1,950
$1,950
RENT COMPS ANALYSIS
  • 28614 Twinbrook Ln Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 2,251 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,251 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.76
    •  
  • 1146 Crimson Clover Ln Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1998
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 20733 Whitewood Way Tampa, FL 3
    • 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2005
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 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
    •  
  • 20737 Great Laurel Ave Tampa, FL 5
    • 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2005
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Theresa Jacobs
1.813.362.5361
Keller Williams - New Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275626
Last Updated: 11/14/2020
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