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7815 Stoney Hill Dr Wesley Chapel, FL 33545

3 Beds 3 Baths 2,410 sqft Built 2010

$300,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $124.48
  • 5 Days on Market
  • MLS # : U8103679
  • Updated Date : 11/05/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,410 sqft
  • Baths : 3 full
Listing Agent

Bay Area Property Exchange, Llc

Listing Agent's Description

Welcome to your new home in Wesley Chapel located in the Palm Cove neighborhood. This beautiful and well maintained home has over 2,300 sq ft of living space that includes a master bed and bathroom, two additional bedrooms, separate dining room, huge upstairs loft with bathroom attached, and fenced in yard. This home is minutes away from everything Wesley Chapel has to offer. Would you like to take a dip in the gorgeous Lagoon at Epperson? Being right around the corner you can purchase a pass and enjoy anytime. Do you have the itch to go on a shopping spree? You have the choice of two malls, Shopps at Wiregrass and The Tampa Premium outlet malls. Don’t delay, schedule your appointment to see this beauty before it is too late.

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: 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,107
Property Tax -$333
Property Insurance -$177
HOA -$80
Property Management Fees -$80
CASH FLOW
$224

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.

$300,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$50,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,181

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0004$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 7815 Stoney Hill Dr Wesley Chapel, FL 3
    • 3 beds 3 baths ∙ 2,410 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,410 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 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
    •  
  • 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
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 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
Omar Torres Llc
1.813.966.0691
Bay Area Property Exchange, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103679
Last Updated: 11/05/2020
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