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4142 Edenrock Pl Wesley Chapel, FL 33543

3 Beds 2 Baths 1,640 sqft Built 2005

$257,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $156.71
  • 3 Days on Market
  • MLS # : W7832075
  • Updated Date : 03/26/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,640 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

Open House on Saturday, 3/27 from 11-3 and Sunday, 3/28 from 11-3. Just listed! Welcome to Meadow Pointe! This 3 bedroom, 2 bathroom home is located in a gated community and nestled on a quiet cul-de-sac street. Upon arrival, you will notice beautiful, mature landscaping greeting you. The open concept living room features cathedral ceilings and laminate flooring. The spacious kitchen is open and airy with light color cabinets and lots of counter space. There is plenty of space in the primary bedroom with sliding doors leading to the backyard. The en suite bathroom has two vanities, a garden tub and separate shower. All bedrooms have laminate flooring- no carpet in this house! The large laundry room is located off the two car garage. A spacious covered patio leads to a landscaped backyard enclosed with vinyl fencing. The home features a smart thermostat and newer AC. Included with this home is a Tesla solar panel system. Current owner reports a 96% energy offset from solar panels which leads to MASSIVE SAVINGS! The Meadow Point community features family friendly amenities including swimming pool, a fitness center, tennis courts, parks and much more! This property will not last long!

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: 33543

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33543

ZipNIR 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
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
 

$231,300$282,700$257,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$893
Property Tax -$487
Property Insurance -$132
HOA -$7
Property Management Fees -$129
CASH FLOW
-$77

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.

$257,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,855

INVESTMENT

$73,855

Down Payment
$64,250
Rehab Estimate
$5,750
Closing Costs
$3,855

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$893

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,250
Loan Amount $192,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,089

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,656

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,5753$1,6504$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 4142 Edenrock Pl Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.96
    •  
  • 4208 Edenrock Pl Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2006
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.96
    •  
  • 4031 Langdrum Dr Wesley Chapel, FL 3
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2006
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 3941 Langdrum Dr Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2007
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 4146 Branchside Ln Wesley Chapel, FL 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2005
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jill Shelton
1.813.245.9938
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7832075
Last Updated: 03/26/2021
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