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4429 Fieldview Cir Wesley Chapel, FL 33545

3 Beds 2 Baths 1,760 sqft Built 2011

$250,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $142.05
  • 4 Days on Market
  • MLS # : U8102989
  • Updated Date : 11/13/2020 at 12:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,760 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Don't miss this beautiful 3 bedroom, 2 bath home with a 2 car garage in the lovely Brookfield Estates community! This home is less than 10 years old, has a private backyard with no rear neighbors and showcases beautiful pond and conservation views. The interior is bright and airy and features an open floor plan and light color scheme. Entertaining dinner guests is a breeze in this open kitchen, living room and dining room combo that includes a center island with bar top seating. Accommodations include a large and relaxing owner's suite equipped with a walk-in closet and en suite bathroom, 2 spacious spare bedrooms and an additional guest bathroom. Situated in a lovely community that includes a large, fenced playground and park, this home is not one to be missed. Check it out today!

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: Brookfield Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $71k459k

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

Neighborhood: Brookfield Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7382007

* 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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$922
Property Tax -$277
Property Insurance -$139
HOA -$60
Property Management Fees -$80
CASH FLOW
$52

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.

$250,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

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

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$27,517

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,4753$1,5304$1,6505$1,715
$1,715
RENT COMPS ANALYSIS
  • 4429 Fieldview Cir Wesley Chapel, FL 3
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.87
    •  
  • 5852 Autumn Shire Dr Zephyrhills, FL 1
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2006
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.93
    •  
  • 4919 Whistling Pines Ct Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2003
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.98
    •  
  • 32347 Fish Hook Loop Wesley Chapel, FL 4
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 2003
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 5045 Englewood Ln Zephyrhills, FL 5
    • 4 beds 2 baths ∙ 2,059 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,059 Sqft ∙ Built 1997
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jeffrey Borham, Pa
1.509.929.5180
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8102989
Last Updated: 11/13/2020
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