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29236 Perilli Pl Wesley Chapel, FL 33543

4 Beds 3 Baths 2,495 sqft Built 2016

$437,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $175.15
  • 3 Days on Market
  • MLS # : T3290184
  • Updated Date : 02/13/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,495 sqft
  • Baths : 3 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

Located in the highly sought after community of Estancia, this beautifully maintained Standard Pacific open floor plan home boasts 2,495 sq. ft., 4 bedrooms, 3 full baths and 2 car garage on a fully fenced in .12 acre homesite. Downstairs features a large bedroom with full bathroom, perfect for in-laws or guests. The bright and open kitchen includes granite countertops, large center island, natural gas cooktop, stainless steel appliances, double oven, upgraded cabinet package, walk-in pantry and separate dining area with a beautiful wood-paneled wall. Upstairs includes the owner's suite, 2 large bedrooms, laundry room and an oversized bonus room which can be converted into an office, game room or theater room. Spacious Owner's suite features a vaulted tray ceiling, walk-in closet, double sinks in the bathroom with granite countertops, and oversized shower with custom pebble floor. The covered lanai is screened in complete with triple sliding screen doors that lead out to fenced in backyard. 2 car garage features overhead hanging storage. Never run out of water with the tankless water heater. The very family friendly community of Estancia is Wesley Chapel's premier community located just north of the Wiregrass Mall and Florida Hospital/Wellness Center. This upscale community offers natural gas and reclaimed water, and features a 7000 sq. ft. elegantly appointed clubhouse including a junior Olympic sized pool, resort-style pool, fitness center, playground, park, nature trails, and more. Estancia is centrally located off Bruce B Downs near AdventHealth Hospital & Wellness Center, Wiregrass Mall, Tampa Premium Outlets, USF, Moffitt Cancer Hospital, and desirable A-rated schools. WIREGRASS TOP RATED SCHOOLS; Wiregrass Ranch High, Dr. John Long Middle, and Sand Pine Elementary. Minutes from I-275 and I-75. Call for a Private Showing! or VIRTUAL TOUR!

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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

Neighborhood: Estancia at Wiregrass

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Estancia at Wiregrass

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
 

$393,300$480,700$437,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,518
Property Tax -$645
Property Insurance -$182
HOA -$65
Property Management Fees -$129
CASH FLOW
-$89

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.

$437,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.56%

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-$5.0k$0.0$5.0k$10k$15k

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$121,555

INVESTMENT

$121,555

Down Payment
$109,250
Rehab Estimate
$5,750
Closing Costs
$6,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,250
Loan Amount $327,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$22,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,589

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4503$2,5004$2,6005$2,730
$2,730
RENT COMPS ANALYSIS
  • 29236 Perilli Pl Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.98
    •  
  • 4811 Tramanto Ln Wesley Chapel, FL 1
    • 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2019
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 29172 Perilli Pl Zephyrhills, FL 3
    • 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 4
    • 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
    •  
  • 29203 Perilli Pl Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2014
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $1.14
    •  
PROPERTY LISTING DETAILS
Jimmy Cosentino
1.708.466.4810
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3290184
Last Updated: 02/13/2021
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