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$1,100,000

For Sale - Active
3243 Watermark Dr, Zephyrhills, FL 33544
5 Beds
5 Baths
3,707 Square Feet
0.29 Acres Lot
Built in 2012
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 15, 2025 at 03:30AM

Investment Summary


Monthly Cash Flow
-$3,267
Cap Rate
2.7%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-11.0%

Property Description


0.29 Acres Lot
Built in 2012
For Sale - Active
Units n/a

If the Florida lifestyle is calling your name....then STOP THE CAR!!!! Welcome to the highly desired gated village of Watermark in Seven Oaks, the Wesley Chapel community where everyone wants to live. As you drive in, you'll be impressed with the lush landscaping, mature trees, wide sidewalks, wooden walkways, and a community center that is full of FUN!!! This Westbay home radiates luxury all around, from the 23 ft high ceilings to the extended outdoor kitchen area, and so much more! This Gasparilla floorplan features 5 bedrooms, 4 and a half bathrooms with a 3-car garage, located on an oversized corner lot. Boasting 3,707 square feet, this beauty will check all of your boxes. Previously featured in Florida Home Magazine for an exquisite outdoor paradise, you'll find entertaining easy peasy ! The saltwater pool & spa area is mesmerizing with not one but two outdoor gas fireplaces which are stunning at night. The large outdoor kitchen area is fully equipped with a new grill featuring ceramic & infra-red burners, a mini fridge and sink. Enjoy dinner and drinks in your fully screened lanai without the pesky mosquitos bothering you and a private pool bath with access only from the lanai. Upon entering the home you'll find a floorplan that is open and airy with tons of natural light from all directions. The primary and one other bedroom are located on the first level but is currently being used as a home office. The kitchen island is enormous, giving you several seating options and it overlooks the family room so you will not miss a beat. Whether you are meal prepping, cleaning dishes or having a cup of joe, you'll be able to watch TV or entertain effortlessly! The true focal point of the home is the stunning staircase that comes together in the family room. You can conveniently access the second level from the kitchen or entrance of the home. The upstairs bonus room has double doors making movie night private and cozy!! You'll find 3 additional bedrooms and 2 full bathrooms completing the 2nd level. Upgrades include a new roof Feb. 2025, both upstairs bathrooms have been converted to tiled walk-in showers, garage opener belt-drive w/camera, GE reveal ceiling lights w/dimmers, auto sensor lights in primary bath & closet, kitchen reverse osmosis system, Wi-Fi enabled sprinklers, nest thermostat on both levels, front door Wi-Fi enabled locks, and updated rear drainage system. The home also includes a Generac system, mini golf area, security camera system, outdoor ceiling speakers and 5.1 surround sound system in the living area. Seven Oaks offers residents outstanding amenities, including multiple pools, tennis courts, playgrounds, nature trails, and a state-of-the-art clubhouse with a theater room. Conveniently located in the heart of Wesley Chapel, you're just moments away from premier shopping, dining, entertainment, and top-rated schools. Easy access to major interstates ensures a quick commute to Tampa International Airport, downtown Tampa, and the beautiful Gulf Coast beaches. This home is more than just a residence—it's a lifestyle. Come experience all that this home provides, and schedule your private showing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Driveway, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 1
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Associa Gulf Coast/Cheryl Waring
  • HOA Fee: $140/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2426190120076000080
  • Lot Size: 12765 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Florida
  • Year Built: 2012

Tax Information

  • Annual Tax: $17,133

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Pasco

Listing Details


Listed by:
Andres Diaz, Jr
EXP REALTY LLC
(813) 541-1433

Source:
Stellar MLS
MLS#: TB8379648
Stellar MLS

Investment Summary


Monthly Cash Flow
-$3,267
Cap Rate
2.7%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-11.0%

Purchase Details

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Purchase price:
$1,100,000
Amount financed:
-$880,000
Down payment:
$220,000
Closing costs:
$33,000
Rehab costs:
$0
Initial cash invested:
$253,000
Square feet:
3,707
Cost per square foot:
$297
Monthly rent per square foot:
$1.54

Financing Details

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Loan amount:
$880,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$5,760
Property tax:
$1,428
Insurance:
$399
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,587

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,700 $68,400
Vacancy loss: (6%)
6% -$342 -$4,104
Operating income:
$5,358 $64,296

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$1,428-$17,134
Insurance: (7%)
7%-$399-$4,788
Property management: (8%)
8%-$456-$5,472
Repairs & maintenance: (5%)
5%-$285-$3,420
Capital expenditures: (5%)
5%-$285-$3,420
HOA fees: (0%)
0%-$12-$144
Total operating expenses: (50%)
50%-$2,865-$34,378

Cash Flow


Monthly Yearly
Net operating income:
$2,493 $29,916
Mortgage payments:
-$5,760 -$69,120
Cash flow:
$3,267 $39,204