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7526 Bulls Head Dr Wesley Chapel, FL 33545

4 Beds 3 Baths 2,515 sqft Built 2007

$353,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $140.36
  • 2 Days on Market
  • MLS # : T3275926
  • Updated Date : 11/15/2020 at 00:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,515 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

This is the ONE that you have been waiting for! Large, luxurious POOL home on a Premium, private conservation lot. Wonderful floor plan allows for all year round indoor and outdoor entertaining. You will immediately feel at home when you walk through the door. Formal Living and Dining room combo with rich hardwood floors open up to chefs eat in kitchen with solid hard wood cabinetry and rich granite counters. The family room overlooks the phenomenal screened in lanai with newly resurfaced heated pool and spa. You will be amazed with the views and extra property behind the lanai. The second level features a beautiful large sunk in master suite with walk in closets and spa bath. 3 additional generous sized bedrooms PLUS an Entertainment Loft. Whether you want a billiards room or media room there is plenty of space to relax. This is a very well thought out floor plan by MI. This smart home features the Command 4 technology so that you can automate all home systems! Many upgrades include newer kitchen appliances, 5 year old water heater and many more. Let Palm Cove be your new address and enjoy all of the community amenities as well especially the community parks, pool and playgrounds. Closely located near all Wesley Chapel zoned schools.

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: Palm Cove

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $85k470k

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

Neighborhood: Palm Cove

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
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
 

$317,700$388,300$353,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,302
Property Tax -$392
Property Insurance -$183
HOA -$80
Property Management Fees -$80
CASH FLOW
-$7

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.

$353,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.2%
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$1.0M$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,295

INVESTMENT

$99,295

Down Payment
$88,250
Rehab Estimate
$5,750
Closing Costs
$5,295

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,250
Loan Amount $264,750
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$28,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,232

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0304$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 7526 Bulls Head Dr Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.81
    •  
  • 7486 Tuscan Bay Cir Wesley Chapel, FL 1
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 7641 Tuscan Bay Cir Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 7718 Tuscan Bay Cir Wesley Chapel, FL 4
    • 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 7844 Atwood Dr Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2007
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.95
    •  
PROPERTY LISTING DETAILS
Keriann Rodriguez
1.845.729.0573
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275926
Last Updated: 11/15/2020
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