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32537 Harmony Oaks Dr Wesley Chapel, FL 33545

3 Beds 2 Baths 2,046 sqft Built 2017

$310,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $151.52
  • 4 Days on Market
  • MLS # : W7829641
  • Updated Date : 01/08/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,046 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Figrey&sonres

Listing Agent's Description

A must see! A beautiful craftsman-style front porch welcomes you to this immaculate single-story home offering 3 bedrooms, 2 bathrooms, office/den and a two-car garage. As you enter the home, a spacious foyer guides you to 8’ French doors leading into an office/den. Or you can continue on to the open concept living space that features 18x18 tile flooring. The choice open kitchen, which features light, solid wood, shaker cabinets with Zodiaq (quartz) countertops, center island with sink, a large walk-in pantry as well as a 2nd pantry/closet for extra storage. The living room offers a beautiful view to the amazing backyard oasis featuring a soothing water feature, 6 x 9 covered patio in addition to a huge screen enclosure perfect for outdoor entertaining. Outside of the screen enclosure is a paver patio nestled next to the fire pit. Come relax next to a warm fire and listen to the soothing sounds of the water fountain. This backyard is not something you will see often. Perfect mixture of Florida indoor/outdoor living. The Master bedroom is located in the back of home for privacy and the master bath includes a soaking tub, separate glass-enclosed shower with wall niche, Espresso-finish maple cabinets, New Caledonia granite countertops, oil-rubbed bronze fixtures, linen closet, and access to divided walk-in closet for optimum storage. Bedroom 2 and 3 have large closets and easy access to a full bath. Upgraded Mohawk carpet in bedrooms, interior laundry room with pre-plumb for mop sink, entry door and all interior doors are 8’, light gray interior paint and a water softener hook-up in garage. Avalon Park West has a small-town, country setting near all the conveniences of city living. This community hosts monthly family-friendly movies in the park, daily food trucks, as well as seasonal/holiday events. You can enjoy 2 clubhouses, 2 pools, 2 splash parks, 2 playgrounds, fenced-in dog park and so much more! Future plans include a thriving downtown area and expanded amenities.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 33545

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $85k295k

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

Zip Code: 33545

ZipNIR 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
New River Elementary School Primary Regular 661 52 5
Thomas E. Weightman Middle School Middle Regular 1,147 74 7
Wesley Chapel High School High Regular 1,582 99 6

New River Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 52
5
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
 

$279,000$341,000$310,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,077
Property Tax -$470
Property Insurance -$155
HOA -$50
Property Management Fees -$129
CASH FLOW
$199

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.

$310,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.3%
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$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$40,278

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
  • $1.02

    LIST RENT PER SQFT
  • $1,841

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$1,9504$1,9955$2,080
$2,080
RENT COMPS ANALYSIS
  • 32537 Harmony Oaks Dr Wesley Chapel, FL 5
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.02
    •  
  • 32701 Coldwater Creek Loop Wesley Chapel, FL 1
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2016
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 32652 Coldwater Creek Loop Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2017
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 4041 Constantine Loop Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 2,115 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,115 Sqft ∙ Built 2007
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 32624 Rapids Loop Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 2016
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
PROPERTY LISTING DETAILS
Anita Mccracken
1.727.776.4638
Coldwell Banker Figrey&sonres
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829641
Last Updated: 01/08/2021
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