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1641 Maximilian Dr Wesley Chapel, FL 33543

3 Beds 2 Baths 1,592 sqft Built 2000

$259,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $163.25
  • 3 Days on Market
  • MLS # : T3277917
  • Updated Date : 11/28/2020 at 04:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,592 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

Located in the village of Summerbrooke within the desired master planned community of Meadow Pointe I, this move-in ready, Single Family Home is nestled on a .13 acre home site with serene pond backdrop; it has a well-designed floor plan offering an excellent use of space in its 1,592 square feet. The interior boasts 3 bedrooms, 2 full baths, family room, formal dining & living room, wood burning fireplace, trendy color pallet, neutral tile, carpet & dark laminate wood flooring flow nicely throughout the home, split bedroom plan, window blinds & inside laundry. The renovated kitchen offers all new cabinets, ample counter space w/Quartz countertops, pendant lights, tile backsplash, bronze single bowl sink, stainless steel appliances, gas double oven, built in microwave and dinette nook. The master bedroom is 13x15 and offers a walk-in closet w/organizers & sliding doors for access to the screened lanai. The updated master bath has a double bowl vanity, garden tub, separate shower w/upgraded tile surround & frameless enclosure. The screened & covered patio provides additional space to entertain family & friends or simply enjoy the view after a long day. The community of Meadow Pointe features on-site schools, clubhouse with resort-style pool, fitness room & more. The CDD Bond in Meadow Pointe 1 is PAID OFF, leaving only the Maintenance portion of $612 per year and NO HOA FEE! Roof Replaced 3 years, A/c & Ductwork Replaced 5 years, Exterior Painted 2 years, Hot Water Tank Replaced in 2020

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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$959
Property Tax -$341
Property Insurance -$129
Property Management Fees -$80
CASH FLOW
$141

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.

$259,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.63%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$39,176

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
  • $1.04

    LIST RENT PER SQFT
  • $1,660

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5854$1,6455$1,650
$1,650
RENT COMPS ANALYSIS
  • 1641 Maximilian Dr Wesley Chapel, FL 5
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 29619 Bright Ray Pl Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1998
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 28725 Skyglade Pl Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1996
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
  • 1907 Twisting Ln Wesley Chapel, FL 3
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1987
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $1.07
    •  
  • 1309 Horsemint Ln Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1998
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tammy Hellman
1.813.451.8159
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277917
Last Updated: 11/28/2020
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