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1628 Maximilian Dr Wesley Chapel, FL 33543

3 Beds 2 Baths 1,885 sqft Built 2000

INVESTimate

$269,900

List Price

$1,680

$1,512 - $1,848

Rent Est.

$285,581  ( +5.81%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $143.18
  • 10 Days on Market
  • MLS # : T3259991
  • Updated Date : 08/20/2020 at 09:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,885 sqft
  • Baths : 2 full
Listing Agent

Real Living Casa Fina Realty

Listing Agent's Description

Spacious and open floor plan home that features 3 bedrooms, 2 baths, 2 car garages. Walk through the front door to a spacious and welcoming combo Formal Living & Dining Rooms. Home features a huge size family room with high cathedral ceilings with large double sliders that lead to a big size covered and tiled screened in Porch overlooking a beautiful pond view. Master bedroom has a walk in closet, bath has a garden tub and separate shower stall and two vanities. Kitchen has stainless steel appliances, gas range with nice black granite counter tops with tumbled travertine back splash, separate breakfast nook area and built in desk station with granite countertops. Other two bedrooms are located on the opposite side of the family room and share a bath that has a tub/shower and granite countertop vanity. Newer roof (2015). Enjoy all the amenities of Meadow Pointe including a Swimming Pool, Basket Ball & Tennis Courts, Playground & Fitness Room. Excellent schools, close to Wiregrass Mall, Tampa Premium outlet, Advent Health Hospital, dining and all that New Tampa has to offer including easy access to I-75.

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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
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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$996
Property Tax -$354
Property Insurance -$146
Property Management Fees -$80
CASH FLOW
$104

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.

$269,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.81%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$35,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,706

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6803$1,7004$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 1628 Maximilian Dr Wesley Chapel, 2
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.89
    •  
  • 1317 Maximilian Dr Wesley Chapel, 1
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1997
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 1333 Maximilian Dr Wesley Chapel, 3
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 1997
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 1610 Firewheel Dr Wesley Chapel, 4
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 1998
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 29615 Eagle Station Dr Wesley Chapel, 5
    • 4 beds 2 baths ∙ 2,012 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,012 Sqft ∙ Built 1999
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
PROPERTY LISTING DETAILS
Fadia Bazzi
1.813.569.6294
Real Living Casa Fina Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3259991
Last Updated: 08/20/2020
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