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7820 Tuscan Bay Cir Wesley Chapel, FL 33545

4 Beds 3 Baths 2,007 sqft Built 2017

$285,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $142.00
  • 3 Days on Market
  • MLS # : U8105374
  • Updated Date : 11/28/2020 at 07:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,007 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

ARE YOUR ARE LOOKING FOR A STUNNING, MOVE-IN READY HOME OFFERING AN OPEN FLOOR PLAN AND LARGE LIVING AREA? You have found it with this 2 story DR Horton Home. 4 Bedrooms, 2.5 baths with a partially fenced backyard. When you enter the decorative etched glass front you step into a tiled foyer with a large living/dining/kitchen area. The sunlit great room features high ceilings with crown molding and a sliding glass door leading to a patio where you can drink your morning coffee. The kitchen features granite countertops with a glass tile backsplash and a large island for additionally seating for your family gatherings. The home offers plenty of storage including a kitchen pantry, coat closet and under the stairs closet. The large master bedroom features an en-suite bathroom with double sinks and large walk in shower, large linen closet and walk in closet. Laundry room is conveniently located on the second floor. The Epperson community includes many amenities at the Crystal Lagoon including a sandy beach, swim-up tiki bar, resort style swimming pool, water slide, kayaks, paddle boards and a stage for movies and entertainment. Epperson is an UltraFi community which is the basis of this interconnected city and includes fiber optic cable. Epperson is a gated community with walking/biking trails and golf cart paths. Don’t forget to bring your golf cart- it is a great way to meet your neighbors and drive to the Lagoon. Homeowners also enjoy close proximity to State Road 54 and I-75. You will arrive at the gulf beaches, downtown Tampa, Tampa Airports and the Orlando area in less than an hour.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,052
Property Tax -$468
Property Insurance -$153
HOA -$75
Property Management Fees -$80
CASH FLOW
$3

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.

$285,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.64%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$22,327

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,811

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,8304$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 7820 Tuscan Bay Cir Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.91
    •  
  • 31494 Tansy Bnd Wesley Chapel, FL 1
    • 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
    •  
  • 7664 Tuscan Bay Cir Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2017
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 7630 Tuscan Bay Cir Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2018
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 7986 Olive Brook Dr Wesley Chapel, FL 5
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 2017
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
PROPERTY LISTING DETAILS
Robin Svoboda
1.813.393.6018
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8105374
Last Updated: 11/28/2020
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