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1904 Odiorne Point Ln Wesley Chapel, FL 33543

4 Beds 3 Baths 2,406 sqft Built 2015

$349,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $145.05
  • 2 Days on Market
  • MLS # : T3279248
  • Updated Date : 12/05/2020 at 18:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,406 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Capital Realty

Listing Agent's Description

Welcome Home! This beautiful, newly updated home in gorgeous Union Park Community is perfect for your growing family. This home has a spacious great room, separate office, bonus room upstairs, 4 bedrooms and 2 1/2 baths. The master bedroom and bonus area have newly installed laminate floors. The landing area between the first/second floor has a custom, double story stacked stone feature wall. The large backyard is fully fenced with vinyl fencing and plenty of room for a pool. Union Park offers a Resort Style Pool, Ultra WiFi Internet, a 4000 square ft Club House, Fitness Center, Dog Park, and More! Don’t miss out on this captivating home. Schedule a private tour today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,288
Property Tax -$545
Property Insurance -$176
HOA -$71
Property Management Fees -$129
CASH FLOW
-$159

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.

$349,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.59%

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-$5.0k$0.0$5.0k$10k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$14,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,165

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0953$2,2004$2,2955$2,345
$2,345
RENT COMPS ANALYSIS
  • 1904 Odiorne Point Ln Wesley Chapel, FL 1
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
  • 1543 Tallulah Ter Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.90
    •  
  • 1243 Fort Cobb Ter Wesley Chapel, FL 3
    • 5 beds 4 baths ∙ 2,466 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,466 Sqft ∙ Built 2018
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 32165 Goddard Dr Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2017
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.88
    •  
  • 1172 Montgomery Bell Rd Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2018
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.93
    •  
PROPERTY LISTING DETAILS
Stacey Vyas
1.330.328.6068
Re/max Capital Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279248
Last Updated: 12/05/2020
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