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4709 White Bay Cir Wesley Chapel, FL 33545

4 Beds 2 Baths 1,282 sqft Built 2005

INVESTimate

$220,000

List Price

$1,290

$1,161 - $1,419

Rent Est.

$236,060  ( +7.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $171.61
  • 3 Days on Market
  • MLS # : T3261179
  • Updated Date : 08/25/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,282 sqft
  • Baths : 2 full
Listing Agent

Homexpress Realty, Inc.

Listing Agent's Description

Come check out this amazing home in the heart of Wesley Chapel in the New River Lakes community. MOVE IN READY !When you enter the front door you will see the beautiful open living room . Kitchen has been fully redone with new solid wood cabinets and new granite counter tops. The floor has been updated as well with new lamanite flooring. Off the kitchen you have a dinning room and slidding doors that lead out to an amazing screened in back porch.Plus you still have a good size back yard . This home won't last long ! 4 bedrooms 2 baths . Community features a pool and playground Call today for a showing! Only minutes from the stores and I75. ** Buyer is to verify room size **

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: New River Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: New River Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8692007

* 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
Thomas E. Weightman Middle School Middle Regular 1,147 74 7
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

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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$812
Property Tax -$244
Property Insurance -$111
HOA -$101
Property Management Fees -$80
CASH FLOW
-$58

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.

$220,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.30%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$13,033

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,250

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,4753$1,4754$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 4709 White Bay Cir Wesley Chapel, 1
    • 4 beds 2 baths ∙ 1,282 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,282 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.01
    •  
  • 5250 Prairie View Way Wesley Chapel, 2
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2003
    LEASED 03/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.98
    •  
  • 4919 Whistling Pines Ct Wesley Chapel, 3
    • 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
    •  
  • 4027 Langdrum Dr Wesley Chapel, 4
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2006
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 4004 Langdrum Dr Wesley Chapel, 5
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2006
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
PROPERTY LISTING DETAILS
Heather Anderson
1.813.504.0934
Homexpress Realty, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261179
Last Updated: 08/25/2020
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