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1902 Leybourne Loop Wesley Chapel, FL 33543

4 Beds 2 Baths 2,185 sqft Built 2006

$300,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $137.30
  • 3 Days on Market
  • MLS # : T3277030
  • Updated Date : 12/12/2020 at 10:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,185 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

MOVE IN READY! IMPECCABLY CARED FOR 4 bedroom/2 bathroom/2 car garage/PLUNGE POOL home. Located in the GATED COMMUNITY of Heatherstone within Meadow Pointe, this home is waiting for it's new owners! This home is perfect for a a first time homeowner or someone looking to downsize. As you enter, you are welcomed by the natural light and high ceilings throughout. The kitchen features granite countertops, 42' cabinets, stainless steel range, microwave, and a NEWER dishwasher (2017). The kitchen has a separate breakfast area and is open to the cozy family room. The family room features VAULTED CEILINGS and FRENCH DOORS that lead to the patio area. The backyard is FULLY FENCED overlooking CONSERVATION. It has a screen enclosed patio with recently SEALED pavers and a PLUNGE POOL that has a brand new POOL PUMP (2020). Master bedroom features a WALK IN closet with an abundance of storage. Master bathroom has DOUBLE SINKS with ample amount of counter space as well as a GARDEN TUB and WALK-IN shower. All secondary bedrooms have laminate flooring, there is NO CARPET in this home. Guest hall bathroom includes a large vanity with DOUBLE SINKS. Other improvements include: Indoor tile grout recently cleaned/sealed, Garage Springs and Motor REPLACED (2017), Outdoor Fire Pit, Water Heater REPLACED (2015/2016). Meadow Pointe III offers a clubhouse with a resort-like pool, fitness center, tennis court, basketball court, playground, shuffleboard, and more! Conveniently located near State Road 56 and minutes from Tampa Premium Outlets, Wiregrass Mall, Florida Hospital, Top-Rated Schools, Restaurants and more!

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
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,107
Property Tax -$515
Property Insurance -$163
HOA -$7
Property Management Fees -$129
CASH FLOW
$49

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.

$300,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.66%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$30,865

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,967

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8504$1,8605$1,970
$1,970
RENT COMPS ANALYSIS
  • 1902 Leybourne Loop Wesley Chapel, FL 5
    • 4 beds 2 baths ∙ 2,185 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,185 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.90
    •  
  • 31414 Wrencrest Dr Wesley Chapel, FL 1
    • 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2004
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 31433 Heatherstone Dr Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 2006
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 31720 Marchester Dr Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2008
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
  • 1504 Baythorn Dr Wesley Chapel, FL 4
    • 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 2001
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.90
    •  
PROPERTY LISTING DETAILS
Janet Wasserberger
1.813.264.7754
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277030
Last Updated: 12/12/2020
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