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1252 Montgomery Bell Rd Wesley Chapel, FL 33543

4 Beds 2 Baths 1,864 sqft Built 2018

$325,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $174.36
  • 3 Days on Market
  • MLS # : T3295477
  • Updated Date : 03/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,864 sqft
  • Baths : 2 full
Listing Agent

Florida Executive Realty

Listing Agent's Description

Beautiful, like new four bedroom, two bath CalAtlantic home on an oversized homesite. Almost 1900 square feet of living space. Many upgrades throughout. The kitchen features 42" maple cabinetry with crown molding, tile backsplash, quartz countertops with stainless steel undermount sink, one touch faucet, stainless steel smooth top range, built-in microwave, French door stainless steel refrigerator, vented hood system, penlight pre-wires over the breakfast bar and large pantry. The master bathroom has a double vanity with quartz countertops with undermount sinks, walk in shower with upgraded wall tile, a private water closet and a generous closet. Ceramic plank-style tile has the look of wood and runs throughout the entry, hallway, kitchen, dining area, both bathrooms and the laundry room. Upgraded carpet in family room and all bedrooms. Other features include, two panel interior doors, recessed lighting, eight foot sliding glass doors to the back yard and much more. Neutral and tastefully decorated. Union Park is an award-winning master planned community conveniently located near schools, recreation, health care and shopping. Move-in ready. Pride of ownership evident. Hurry!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Meadow Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Meadow Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Double Branch Elementary School Primary Regular 869 62 6
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Double Branch Elementary School

  • Education Level: Primary
  • # of students: 869
  • # of teachers: 62
6
GreatSchools Rating

Dr. John Long Middle School

  • Education Level: Middle
  • # of students: 1,689
  • # of teachers: 101
8
GreatSchools Rating

Wiregrass Ranch High School

  • Education Level: High
  • # of students: 2,332
  • # of teachers: 138
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,129
Property Tax -$507
Property Insurance -$145
HOA -$71
Property Management Fees -$129
CASH FLOW
-$31

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.

$325,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,934

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,0004$2,0455$2,050
$2,050
RENT COMPS ANALYSIS
  • 1252 Montgomery Bell Rd Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 1677 Ludington Ave Wesley Chapel, FL 1
    • 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 2016
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 32685 Dashel Palm Ln Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2020
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 1212 Montgomery Bell Rd Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2018
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.99
    •  
  • 1324 Fort Cobb Ter Wesley Chapel, FL 5
    • 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2018
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.08
    •  
PROPERTY LISTING DETAILS
Pete Radeka
1.813.760.1979
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295477
Last Updated: 03/13/2021
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