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

7788 Tuscan Bay Cir Wesley Chapel, FL 33545

4 Beds 3 Baths 2,260 sqft Built 2017

$288,888

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $127.83
  • 2 Days on Market
  • MLS # : T3275049
  • Updated Date : 11/08/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,260 sqft
  • Baths : 2 full , 1 half
Listing Agent

Amerivet Realty Group Llc

Listing Agent's Description

It takes about an hour to get to Tampa's closest beaches...unless you live in Epperson, Wesley Chapel's Crystal Lagoon!! How about a 2 minute Golf Cart ride!! Located in the Gated Entry Epperson community, this exceptionally maintained 2,260 square foot home offers 4 bedrooms (all upstairs with upstairs laundry), 2.5 baths, and a 2 car garage. The DR Horton built Elston model is a two-story home constructed with concrete block on the first and second floor! Beautiful kitchen is equipped with granite counter-tops, huge walk-in pantry and stainless steel appliances. Master Suite features a very large walk-in closet and dual sinks in the master bath. Other 3 bedrooms are upstairs and share a 2nd full bath. Half bath is conveniently located downstairs for easy guest use. This Epperson community in Wesley Chapel is boldly unique and a great community to call home! Community features include, Super Fast WIFI, WIFI Parks, the Metro Lagoon (over 7 acres of clean lake like fun with rental opportunities for cabanas, tiki huts, paddleboards or kayaks, retail shopping, food and drinks, a swim-up bar, water obstacle course and huge water slide), Gated Entry, Dog Parks, Golf Cart Paths, and so much more!! Check out the entire list of community features at the look-out point overlooking the Crystal Lagoon. Epperson is conveniently located to the Grove Shopping Center, Wiregrass Mall, Outlet Mall, excellent dining, new Florida Hospital with a 50,000 sq.ft. Wellness Center, I-75 and I-275 that provide easy access to the Airport, Beaches, Major Universities and Downtown Tampa. Enjoy the FLORIDA LIFESTYLE! Make an appointment to see this beautiful home today!!

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

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
 

$259,999$317,777$288,888

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,066
Property Tax -$481
Property Insurance -$168
HOA -$96
Property Management Fees -$80
CASH FLOW
$129

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.

$288,888

PROJECTED PRICE

$2,020

PROJECTED RENT

0.70%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,305

INVESTMENT

$82,305

Down Payment
$72,222
Rehab Estimate
$5,750
Closing Costs
$4,333

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,222
Loan Amount $216,666
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$36,247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,023

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0203$2,1004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 7788 Tuscan Bay Cir Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.89
    •  
  • 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
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 7718 Tuscan Bay Cir Wesley Chapel, FL 3
    • 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 8148 Pelican Reed Cir Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2019
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 7493 Tuscan Bay Cir Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Michael Hamrac
1.813.477.6636
Amerivet Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275049
Last Updated: 11/08/2020
BESbswy