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32511 Natural Bridge Rd Wesley Chapel, FL 33543

4 Beds 3 Baths 2,377 sqft Built 2016

INVESTimate

$344,990

List Price

$2,080

$1,872 - $2,288

Rent Est.

$365,034  ( +5.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $145.14
  • 5 Days on Market
  • MLS # : T3260505
  • Updated Date : 08/23/2020 at 09:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,377 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tampa Bay Exclusive Realty Llc

Listing Agent's Description

Centrally located 4 bedroom, 2 1/2 bathroom home with attached 2 CAR GARAGE situated on an OVER-SIZED LOT with NO BACKYARD NEIGHBORS. RECESSED and DESIGNER lighting, along with the abundance of NATURAL light from the many windows brighten this SPACIOUS home. Over-sized porcelain tiles cover the 1st floor of this home, which includes the GOURMET kitchen with BUILT-IN oven and cook-top, STAINLESS STEEL appliances and range hood, WALK-IN PANTRY, 42 inch white cabinets, stunning QUARTZ counters and beautiful glass back splash. The ISLAND/breakfast bar combo separates the kitchen from the living room in this OPEN CONCEPT plan. A separate dining room is also on this level, and includes the dining room table if the buyer wishes to keep it. The first floor also includes the half bathroom with pedestal sink, and glass double doors lead to the carpeted office with 220 volt outlets for a multitude of uses. The 4 bedrooms and 2 full bathrooms are upstairs, along with a BONUS room. Both upstairs bathrooms feature DUAL VANITY SINKS. The master bedroom boasts 5 windows, bathing the room in NATURAL light, WALK-IN CLOSET, and en-suite with GARDEN TUB and separate WALK-IN SHOWER. The secondary bathroom features large 8”x12” tiles. Other notable features of this home include 9'4" VOLUME CEILINGS, 5¼” baseboards throughout, NEST Smart Home smoke alarms throughout, Smart Ecobee thermostat with built-in Alexa, OVER-SIZED utility room, irrigation in front and backyard, and cable and internet are included, along with the cable box and DVR. This home is also pre-wired for a generator. Small table at entry, TV wall mounts, curtains and rods are included. Water softener and Washer/Dryer DO NOT CONVEY. Just minutes from an abundance of shops, restaurants, and medical facilities. Union Park Charter Academy only 0.4 miles away for K-8th grade. Call us today for your private showing!

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion 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
Double Branch Elementary School Primary Regular 869 62 6
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Double Branch Elementary School

  • Education Level: Primary
  • # of students: 869
  • # of teachers: 62
6
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
 

$310,491$379,489$344,990

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,273
Property Tax -$546
Property Insurance -$175
HOA -$68
Property Management Fees -$80
CASH FLOW
-$61

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.

$344,990

PROJECTED PRICE

$2,080

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.81%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,172

INVESTMENT

$97,172

Down Payment
$86,248
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,248
Loan Amount $258,743
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$22,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,116

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0803$2,0954$2,2005$2,345
$2,345
RENT COMPS ANALYSIS
  • 32511 Natural Bridge Rd Wesley Chapel, 2
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.88
    •  
  • 32144 Watoga Loop Wesley Chapel, 1
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2016
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.84
    •  
  • 1543 Tallulah Ter Wesley Chapel, 3
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.90
    •  
  • 1243 Fort Cobb Ter Wesley Chapel, 4
    • 5 beds 4 baths ∙ 2,466 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,466 Sqft ∙ Built 2018
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 1172 Montgomery Bell Rd Wesley Chapel, 5
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2018
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.93
    •  
PROPERTY LISTING DETAILS
Hector Contreras
1.813.426.2669
Tampa Bay Exclusive Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260505
Last Updated: 08/23/2020
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