Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3763 Grecko Dr Wesley Chapel, FL 33543

4 Beds 3 Baths 2,259 sqft Built 2012

$375,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $166.00
  • 5 Days on Market
  • MLS # : T3295376
  • Updated Date : 03/18/2021 at 12:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,259 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

This beautifully maintained upgraded home is ready for the next great family! NO CDD and LOW HOA Community. This two story, 4 bedroom, 2.5 bath home is complete with an office and upstairs loft. So much room and plenty of living space for a large family! Ready to Move In! Washer and Dryer included, In-wall pest prevention, split A/C for upstairs and downstairs control, Stainless steel appliances, master bedroom walk in closest, soaker tub, walk-in shower, and granite counter tops. All 4 bedrooms are upstairs off the open loft area. The backyard is fully fenced in with a wedged lot making the outside entertainment space large and plentiful. Conservation in the backyard means No Backyard Neighbors. Ashton Oaks is Wesley Chapels best kept secret and includes sidewalks, large boulevards, ponds with wildlife and more. Live directly across Hwy 54 from Wesley Chapels new Planned Community and Downtown area Avalon Park https://www.avalonparkwesleychapel.com/

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: Ashton Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $85k445k

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

Neighborhood: Ashton Oaks

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
Double Branch Elementary School Primary Regular 869 62 6
Thomas E. Weightman Middle School Middle Regular 1,147 74 7
Wesley Chapel High School High Regular 1,582 99 6

Double Branch Elementary School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,303
Property Tax -$416
Property Insurance -$168
HOA -$57
Property Management Fees -$129
CASH FLOW
-$92

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.

$375,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.1%
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

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$18,453

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,960

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9003$1,9504$1,9805$2,000
$2,000
RENT COMPS ANALYSIS
  • 3763 Grecko Dr Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.88
    •  
  • 32931 Hillman Ct Wesley Chapel, FL 1
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2012
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 4613 White Bay Cir Wesley Chapel, FL 2
    • 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 2005
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 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
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 4351 Highcroft Dr Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 2007
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Douglas Degroot
1.888.883.8509
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295376
Last Updated: 03/18/2021
BESbswy