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30418 Arrochar St Wesley Chapel, FL 33545

4 Beds 2 Baths 1,956 sqft Built 2006

$269,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $137.53
  • 3 Days on Market
  • MLS # : W7831203
  • Updated Date : 02/27/2021 at 13:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,956 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade Inc

Listing Agent's Description

Highest and Best is welcomed through 2/28 at 7pm. WELCOME HOME to your beautifully updated 4 bedroom 2 bath oasis in the desirable community of Palm Cove! You enter the home into the large family room which could also be used as a formal living and formal dining room. The kitchen has plenty of cabinets and counter space, stainless steel appliances and an eat-in area/ breakfast nook, new granite counter tops and a trendy backsplash. The master bedroom has vaulted ceilings and a large walk-in closet and the spacious master bath is complete with glass enclosed walk-in shower and garden tub. 3 other bedrooms and full bath are on the other side of the home offering the privacy most families appreciate. The living room is open to the kitchen and has access to the backyard through the sliding glass doors. Backyard is fully fenced in with newer vinyl fencing for complete privacy. There is a field of vision with gorgeous banana trees. Low HOA fees, NO CDD. The community of Palm Cove is located in the heart of Wesley Chapel in close proximity to the District Park, Shops at Wiregrass and Tampa Premium outlets, Cobb theaters at the Grove and tons of restaurants. Conveniently located close to I-75. Don't miss out on this one!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • One of the best cost-friendly American cities to do business (KPMG)

PRICE & RENT TRENDS

Neighborhood: Palm Cove

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $85k470k

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

Neighborhood: Palm Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781835

* 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
Wesley Chapel Elementary School Primary Regular 814 54 7
Thomas E. Weightman Middle School Middle Regular 1,147 74 7
Wesley Chapel High School High Regular 1,582 99 6

Wesley Chapel Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 54
7
GreatSchools Rating

Thomas E. Weightman Middle School

  • Education Level: Middle
  • # of students: 1,147
  • # of teachers: 74
7
GreatSchools Rating

Wesley Chapel High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 99
6
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$934
Property Tax -$298
Property Insurance -$150
HOA -$74
Property Management Fees -$129
CASH FLOW
$154

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.

$269,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$33,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,814

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7403$1,7504$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 30418 Arrochar St Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.89
    •  
  • 7730 Outerbridge St Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2005
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 30633 Totteridge Pl Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 2009
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 7733 Outerbridge St Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2005
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 7832 Outerbridge St Zephyrhills, FL 5
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2005
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
PROPERTY LISTING DETAILS
Monica Karcz, Llc
1.813.728.1400
Dalton Wade Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7831203
Last Updated: 02/27/2021
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