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7394 Sugar Brook Pl Wesley Chapel, FL 33545

4 Beds 3 Baths 2,560 sqft Built 2014

INVESTimate

$339,700

List Price

$1,990

$1,791 - $2,189

Rent Est.

$361,339  ( +6.37%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $132.70
  • 4 Days on Market
  • MLS # : U8095338
  • Updated Date : 08/23/2020 at 11:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,560 sqft
  • Baths : 3 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Tired of looking at overpriced homes you need to add another $30k to make it feel like home or waiting on Builders. Why not buy this 4/3/3 2,560 sq ft with office & a bonus room this is ENERGY STAR QUALIFIED! FAMILY ROOM IS OPEN TO THE KITCHEN AND NOOK, WHICH HAS SLIDING GLASS DOORS OPENING ONTO A COVERED LANAI. KITCHEN BOASTS BEAUTIFUL DESIGNER LEVEL 42" CABINETS WITH 3" CROWN MOULDING GRANITE COUNTER TPO WITH AN ISLAND WITH PENDANT LIGHTING, STAGGERED OVER THE MICROWAVE, TWO GLASS CABINET DOORS WITH MATCHING INTERIORS, WASTE BASKET DRAWER, STAINLESS APPLIANCES, CENTER ISLAND, GRANITE COUNTERTOPS WITH UNDERMOUNT STAINLESS SINK, & UPGRADED KITCHEN FAUCET. FIRST FLOOR has a BEDROOM & an office HAS ITS OWN BATH WITH GRANITE COUNTERTOP AND UPGRADED WALL TILE. OFF THE ENTRY FOYER IS A DEN WITH DOUBLE FRENCH DOORS AND WOOD FLOORING. UPSTAIRS, MASTER SUITE FEATURES A LARGE WALK-IN CLOSET AND A MASTER BATH WITH GRANITE COUNTERTOP, DOUBLE SINKS, OIL RUB BRONZE SHOWER ENCLOSURE, & UPGRADED WALL TILE. BEDROOMS TWO & THREE SHARE A HALL BATH WITH GRANITE COUNTERTOP AND UPGRADED WALL TILE. COMPLETING THE SECOND FLOOR IS A UTILITY ROOM & A LARGE 18'X17' BONUS ROOM FOR GREAT ENTERTAINMENT! THERE IS CARPET & TILE (BRICKSET) & ON-SITE ELEMENTARY SCHOOL. Neighborhood features:Resort Style Zero Entry Pool w/Splash Zone, 6 Lane Junior Olympic Pool, & pool next to new Pavilion. Fitness Center, Club House, Tennis & BB ball Courts, Large & Small Dog Park, Splash Court, 2 Large Parks with playground plus Private Sports Courts w/Playground & BB Court in each village. Excellent location, close to Great Schools, Colleges, Hospitals, Wire Grass Mall, Tampa Premium Outlet Mall, Ice Rink, Sams Club, Costco, Grove Movie Theater, & lots of Dining. Minutes to The WORLD FAMOUS Crystal Lagoon, Easy access to I75, 275, Tampa Interational Airport and Downtown Tampa. CDD ALREADY INCLUDED IN TAX AMOUNT!

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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: Watergrass

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k518k

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

Neighborhood: Watergrass

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
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
 

$305,730$373,670$339,700

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,253
Property Tax -$522
Property Insurance -$185
HOA -$9
Property Management Fees -$80
CASH FLOW
-$59

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.

$339,700

PROJECTED PRICE

$1,990

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.37%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,771

INVESTMENT

$95,771

Down Payment
$84,925
Rehab Estimate
$5,750
Closing Costs
$5,096

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,253

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,925
Loan Amount $254,775
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$22,276

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,195

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9903$2,3504$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 7394 Sugar Brook Pl Wesley Chapel, 2
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.78
    •  
  • 34054 Spring Oak Trl Wesley Chapel, 1
    • 5 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,456 Sqft ∙ Built 2016
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.77
    •  
  • 33243 Azalea Ridge Dr Wesley Chapel, 3
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2017
    LEASED 05/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 6715 Sparkling Way Wesley Chapel, 4
    • 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2006
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
  • 33164 Whisper Pointe Dr Wesley Chapel, 5
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2017
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.92
    •  
PROPERTY LISTING DETAILS
Mark Mendola
1.727.389.7664
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8095338
Last Updated: 08/23/2020
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