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32701 Cumberland Ln Wesley Chapel, FL 33543

4 Beds 3 Baths 2,045 sqft Built 2021

$344,990

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $168.70
  • 3 Days on Market
  • MLS # : T3278078
  • Updated Date : 11/28/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,045 sqft
  • Baths : 2 full , 1 half
Listing Agent

D R Horton Realty Llc

Listing Agent's Description

Under Construction. Builder offering buyers $10,000 toward closing costs with use of preferred lender & title. Our luxurious Premium series homes at Union Park feature stainless steel appliances, granite countertops coordinated with designer selected tile backsplash and crown-molded cabinets, and an automated smart home package to keep your home modern and connected. Aside from being close to shopping, dining, entertainment and local events, Union Park residents will have access to an exclusive clubhouse with a fitness center, sparking pool, tot lot, open sports field, walking trails, and more. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information, including pricing, included features, terms, availability, and amenities, are subject to change and prior sale at any time without notice or obligation. CBC039052.

SEE MORE

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: 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
Dr. John Long Middle School High Regular 1,689 101 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

Dr. John Long Middle School

  • Education Level: High
  • # of students: 1,689
  • # of teachers: 101
8
GreatSchools Rating
 

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

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,273
Property Tax -$364
Property Insurance -$155
HOA -$68
Property Management Fees -$80
CASH FLOW
$150

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$344,990

PROJECTED PRICE

$2,090

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 3.00%
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

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$93,422

INVESTMENT

$93,422

Down Payment
$86,248
Rehab Estimate
$2,000
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% 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

9.17

YEARS SAVED

$51,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,060

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0454$2,0505$2,090
$2,090
RENT COMPS ANALYSIS
  • 32701 Cumberland Ln Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.02
    •  
  • 1603 Ludington Ave Wesley Chapel, FL 1
    • 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 2017
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
  • 32685 Dashel Palm Ln Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2020
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 1212 Montgomery Bell Rd Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2018
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.99
    •  
  • 1324 Fort Cobb Ter Wesley Chapel, FL 4
    • 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2018
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.08
    •  
PROPERTY LISTING DETAILS
Teddianne Sherman
1.866.475.3347
D R Horton Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278078
Last Updated: 11/28/2020
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