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

1520 Stetson Dr Wesley Chapel, FL 33543

4 Beds 3 Baths 2,585 sqft Built 1999

$335,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $129.59
  • 3 Days on Market
  • MLS # : T3278000
  • Updated Date : 11/27/2020 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,585 sqft
  • Baths : 3 full
Listing Agent

Align Right Realty Llc

Listing Agent's Description

Clean, crisp beautiful 4 bedroom, 3 bathroom home meeting your every need. Step inside the grand double doors into this open floorplan home. NEW ROOF (March 2020) and NEWER A/C (2015), NEWER Water Softner (2018), FENCE (2019)The office is perfectly placed up front with peaceful view out to the community. There is an easy flow between the formal dining room and formal living. You will feel the spaciousness of this home in the main living room. Next, step into the cozy family room that just overlooks the extra large kitchen and kitchenette. The master suite has a place of its own set aside on the back left side of the home. This provides a relaxing retreat with the master bathroom including walk-in shower, extra large soaking tub, dual sinks and a massive walk in closet. The other three bedrooms are on the other side of the home. Don't miss the grand feature of the home by stepping out the sliding glass doors onto your screened lanai overlooking your lush green backyard. In the back, You will find a storage shed that will provide ample additional storage to the new home owner. All room sizes approximate.

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

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
Sand Pine Elementary School Primary Regular 579 38 7
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Sand Pine Elementary School

  • Education Level: Primary
  • # of students: 579
  • # of teachers: 38
7
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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,236
Property Tax -$558
Property Insurance -$187
Property Management Fees -$80
CASH FLOW
-$61

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.

$335,000

PROJECTED PRICE

$2,000

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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$21,406

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,133

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0003$2,0954$2,1955$2,500
$2,500
RENT COMPS ANALYSIS
  • 1520 Stetson Dr Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 20260 Merry Oak Ave Tampa, FL 1
    • 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2008
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.76
    •  
  • 20507 Carolina Cherry Ct Tampa, FL 3
    • 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2012
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.80
    •  
  • 20311 Merry Oak Ave Tampa, FL 4
    • 5 beds 4 baths ∙ 2,672 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,672 Sqft ∙ Built 2007
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.82
    •  
  • 30527 Ceasar Park Dr Dr Wesley Chapel, FL 5
    • 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2018
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michelle Denham
1.813.919.9179
Align Right Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278000
Last Updated: 11/27/2020
BESbswy