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7337 Cutwater Ln Wesley Chapel, FL 33545

4 Beds 3 Baths 1,786 sqft Built 2005

$265,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $148.38
  • 16 Days on Market
  • MLS # : T3282142
  • Updated Date : 01/06/2021 at 10:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,786 sqft
  • Baths : 3 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Beautiful 4 bedroom, 3 bath home located in the Bridgewater community. This home features a 3 way split floor plan with a spacious master bedroom that has a large walk-in closet and sliders out to the screened lanai. The master bathroom has double sinks and a separate tub and shower. Bedrooms 2 and 3 share a Jack & Jill style bathroom with bedroom #4 located in the front of the home that also has access to the 3rd bathroom. The home also features an open floor plan which is great for entertaining. The kitchen has plenty of counter space and cabinets with an eat - in area that overlooks out into the living room. All carpet has been replaced with updated laminate flooring throughout all the bedrooms, the dining room and the living room. Enjoy the screened in lanai with a fenced in back yard that overlooks the pond. Conveniently located to shopping, restaurants and much more!

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

Neighborhood: Bridgewater

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $85k295k

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

Neighborhood: Bridgewater

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
Watergrass Elementary School Primary Regular 785 60 5
Thomas E. Weightman Middle School Middle Regular 1,147 74 7
Wesley Chapel High School High Regular 1,582 99 6

Watergrass Elementary School

  • Education Level: Primary
  • # of students: 785
  • # of teachers: 60
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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$920
Property Tax -$449
Property Insurance -$140
HOA -$29
Property Management Fees -$129
CASH FLOW
-$28

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.

$265,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$14,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6503$1,6504$1,7005$1,775
$1,775
RENT COMPS ANALYSIS
  • 7337 Cutwater Ln Wesley Chapel, FL 1
    • 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.92
    •  
  • 31494 Tansy Bnd Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2018
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 7334 Parkersburg Dr Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 2006
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 7646 Armonk Ln Wesley Chapel, FL 4
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2010
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 31236 Baclan Dr Wesley Chapel, FL 5
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2005
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.90
    •  
PROPERTY LISTING DETAILS
Tina Roberts
1.813.855.4982
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282142
Last Updated: 01/06/2021
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