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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $161.11
- 3 Days on Market
- MLS # : T3280312
- Updated Date : 12/12/2020 at 10:33
CONSTRUCTION
- Beds : 4
- Floor Size : 1,769 sqft
- Baths : 3 full
Listing Agent
Bhhs Florida Properties Group
Listing Agent's Description
*No HOA, NO CDD BOND ONLY MAINTENANCE FEE OF $611 A YEAR* Natural Gas * Located in the beautiful community of Meadow Pointe I, this home features an open floorplan, 4 bedrooms, 3 full baths, formal dining room, Kitchen/Living Room Combo and large pie-shape lot that backs to conservation. The Kitchen features a beautiful waterfall quartz counter top, stainless steel appliances, gas stove, under counter lighting, deep undermount ss sink and eat in kitchen. The home features vaulted ceilings throughout the kitchen & living room which makes the space feel very open and spacious, perfect for entertaining guests. Popcorn ceilings have been removed! The back 2 bedrooms are separated by a jack and jill bathroom that can close off on either side. The formal dining room can be used for dining or a fun play room! The home features tile throughout the main portion of the home, with laminate that is *water resistant* in the bedrooms. The Master Bedroom features high ceilings, walk in closet and master bathroom with dual sinks, garden tub and shower. The backyard is located on an oversized pie shape lot with views to the conservation, creating a very private lot. Enjoy the screened in lanai off the living room that overlooks the views to the conservation. The community of Meadow Pointe I has no HOA, the CDD bond portion is paid off and all that remains is the maintenance portion of the CDD at $611/yr. Meadow Pointe Clubhouse I features two pools, splash pad, water slide, two playgrounds, basketball courts, volleyball courts, raquetball courts, ballet room, fitness center and so much more. The fire station is conveniently located right inside the community off Aaron Blvd. Pasco Hernando Community College is located within Meadow Pointe community near State Road 56. The community is conveniently located on the line between Wesley Chapel & New Tampa (Pasco County & Hillsborough County) and is also near Wiregrass Mall, Tampa Premium Outlets, interstates I75 & I275, State Road 56, Pasco Hernando Community College & USF. What the realtor loves about this home is the open floorplan, oversized lot and convenience to both I75 & I275. This home is move-in ready and won't last long! Schedule your appointment today!
SEE MORE
- #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
Neighborhood: Meadow Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadow Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$374 | |
| Property Insurance | -$139 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$44
|
||
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.
$284,999
PROJECTED PRICE
$1,650
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,749 |
5.67
YEARS SAVED
$21,080
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,650
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1118 Timber Trace Dr Wesley Chapel, FL 3
- 4 beds 3 baths ∙ 1,769 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,769 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,650
- $0.93
-
1219 Horsemint Ln Wesley Chapel, FL 1
- 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1997
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,575
- $0.87
-
29405 Crossland Dr Wesley Chapel, FL 2
- 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2000
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,625
- $0.90
-
1208 Crimson Clover Ln Wesley Chapel, FL 4
- 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1997
LEASED 06/14/20- Rent
- Rent Per SQFT
- $1,700
- $0.94
-
1030 Charmingfare Ct Wesley Chapel, FL 5
- 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1995
LEASED 06/08/20- Rent
- Rent Per SQFT
- $1,850
- $1.02
PROPERTY LISTING DETAILS
1.813.453.5657
Bhhs Florida Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3280312
Last Updated: 12/12/2020
