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1500 Baythorn Dr Wesley Chapel, FL 33543

5 Beds 3 Baths 2,456 sqft Built 2001

$330,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $134.36
  • 3 Days on Market
  • MLS # : T3293444
  • Updated Date : 03/26/2021 at 11:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,456 sqft
  • Baths : 3 full
Listing Agent

Re/max Premier Group

Listing Agent's Description

BRAND NEW ROOF!! Welcome Home!! This Home has such Beautiful Manicured Landscaping in the front and backyard which makes the curb appeal absolutely Stunning. This 5BR/3Bath Home is located in the very popular gated Iverson Section of Meadow Pointe. Walking into your double door entry you will find a large open foyer area with Ceramic Tile that follows all the way thru the kitchen, Dinette area and Laundry Room. Off of the foyer, you have 2BR and one guest bath on one side and your inside Laundry and an addition Bedroom on the other. Walking thru the Foyer, you will notice your large Family Room with Vaulted Ceilings and Plant Shelves, overlooking your Open Kitchen area with plenty of counter space plus a Dinette area. On the back side of your Family Room is the Master Suite which features a stunning Master Bath with Dual Sinks, Granite Countertops, Garden Tub, Separate Shower Stall and a large Walk-In Closet. This Home also has a Formal Living Room as well as a Formal Dining Room. Upstairs you will find an Additional Bedroom with its own Bath for your Guest to have their own privacy while visiting. Out back you will notice your Beautifully Landscaped Privacy Fenced Back Yard which makes it nice to sit on your covered lanai and enjoy your morning Coffee. You will Love this Beautiful Home with all it has to offer including the amenities that Meadow Point has to offer such as... Pools, Playgrounds, Basketball Court, Tennis Courts and much more. Don't wait on this Home, it will not last long!

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: Meadow Point

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $71k343k

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

Neighborhood: Meadow Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7382007

* 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
Wiregrass Elementary School Primary Unknown NA
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Wiregrass Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,146
Property Tax -$527
Property Insurance -$179
Property Management Fees -$129
CASH FLOW
$219

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.

$330,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.67%

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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$44,705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,161

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9753$2,2004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 1500 Baythorn Dr Wesley Chapel, FL 3
    • 5 beds 3 baths ∙ 2,456 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,456 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 31149 Chatterly Dr Wesley Chapel, FL 1
    • 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 2002
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 31244 Alchester Dr Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2005
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
  • 30527 Ceasar Park Dr Dr Wesley Chapel, FL 4
    • 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2018
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 30617 Ceasar Park Dr Wesley Chapel, FL 5
    • 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2018
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.95
    •  
PROPERTY LISTING DETAILS
Tina Garrison
1.813.477.4842
Re/max Premier Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3293444
Last Updated: 03/26/2021
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