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4400 Highcroft Dr Wesley Chapel, FL 33545

3 Beds 2 Baths 2,004 sqft Built 2006

$270,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $134.73
  • 3 Days on Market
  • MLS # : T3274639
  • Updated Date : 11/13/2020 at 06:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,004 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty South Tampa

Listing Agent's Description

Welcome home to this tastefully appointed, well-maintained home showing pride of ownership. Located in the gated subdivision of Hamilton Park, the three (3) bedroom, two (2) bathroom, 2,004 sq. ft. home is just minutes from everything Wesley Chapel has to offer. Updated in 2018 with fresh paint, new flooring and new appliances, the home features an open floor plan with the kitchen, family and dining areas central, along with an additional breakfast nook. The expansive owner's suite is highlighted by large his/her (her's is larger!) walk-in closets and a split shower and garden tub. This is one of only 104 home-sites in Hamilton Park which includes a park with green space and a party pavilion, low HOA and NO CDD fees! Convenient to The Grove, Tampa Premium Outlets, The Shoppes at Wiregrass, and I-75, which makes an easy commute to Tampa, Orlando or the Gulf Coast Beaches.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Hamilton Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k500k

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

Neighborhood: Hamilton Park

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
New River Elementary School Primary Regular 661 52 5
Raymond B. Stewart Middle School Middle Regular 975 66 4
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

Raymond B. Stewart Middle School

  • Education Level: Middle
  • # of students: 975
  • # of teachers: 66
4
GreatSchools Rating

Wesley Chapel High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 99
6
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$996
Property Tax -$300
Property Insurance -$153
HOA -$75
Property Management Fees -$80
CASH FLOW
$86

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.

$270,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.3%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$33,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,723

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,8953$1,9004$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 4400 Highcroft Dr Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.84
    •  
  • 32701 Coldwater Creek Loop Wesley Chapel, FL 2
    • 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
    •  
  • 32931 Hillman Ct Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2012
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 4352 Huddlestone Dr Wesley Chapel, FL 4
    • 4 beds 2 baths ∙ 2,262 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,262 Sqft ∙ Built 2006
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 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
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
G.j. Minardi
1.813.784.5676
Keller Williams Realty South Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274639
Last Updated: 11/13/2020
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