Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7443 Tuscan Bay Cir Wesley Chapel, FL 33545

3 Beds 2 Baths 1,516 sqft Built 2017

$260,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $171.50
  • 2 Days on Market
  • MLS # : U8110775
  • Updated Date : 01/23/2021 at 09:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,516 sqft
  • Baths : 2 full
Listing Agent

Re/max Champions

Listing Agent's Description

This appealing one-story layout optimizes living space with an open concept kitchen situated in between the living room and dining room and all bedrooms upstairs. The living room overlooks a covered patio perfect for relaxing and entertaining outdoors and the well-appointed kitchen comes with all appliances including refrigerator, built-in dishwasher, electric range, and microwave hood. The Owner’s Suite, located at the back of the house for privacy, has an en suite bathroom with double vanity and walk-in closet. Two other bedrooms share a second bathroom. The laundry room is located at the front of home near the two-car garage, quietly away from living areas and bedrooms. Epperson is Wesley Chapel's exciting new community, featuring UltraFi, with speeds up to 1 gig. The HOA fees cover 150+ Spectrum channels and high speed internet. This community is also the first in the U.S. to include a Crystal Lagoon, an 8-acre, man-made swimming pool with its own private crystal sand beach. Epperson is located close to Tampa Bay’s best attractions and offers its own local charms like boutique restaurants, the Shoppes at Wiregrass, and the Tampa Premium Outlet Mall.

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

Zip Code: 33545

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $85k295k

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

Zip Code: 33545

ZipNIR 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
Wesley Chapel Elementary School Primary Regular 814 54 7
Thomas E. Weightman Middle School Middle Regular 1,147 74 7
Wesley Chapel High School High Regular 1,582 99 6

Wesley Chapel Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 54
7
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
 

$234,000$286,000$260,000

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 -$903
Property Tax -$427
Property Insurance -$124
HOA -$71
Property Management Fees -$129
CASH FLOW
-$15

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.

$260,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.3%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$15,668

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
  • $1.08

    LIST RENT PER SQFT
  • $1,425

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,5954$1,6405$1,650
$1,650
RENT COMPS ANALYSIS
  • 7443 Tuscan Bay Cir Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.08
    •  
  • 30617 Casewell Pl Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2011
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 31352 Golden Gate Dr Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2006
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 30448 Annadale Dr Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2005
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 31494 Tansy Bnd Wesley Chapel, FL 5
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2018
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
PROPERTY LISTING DETAILS
Chris Koenig
1.813.526.3128
Re/max Champions
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110775
Last Updated: 01/23/2021
BESbswy