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25736 Santos Way Wesley Chapel, FL 33544

4 Beds 2 Baths 2,534 sqft Built 2002

$365,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $144.04
  • 2 Days on Market
  • MLS # : T3292693
  • Updated Date : 02/27/2021 at 23:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,534 sqft
  • Baths : 2 full
Listing Agent

Re/max Premier Group

Listing Agent's Description

This is the one you've been searching for! 4 Bedroom, 2 Full Bath, 3 Car Garage, split bedroom floor plan situated on a wooded conservation homesite! Separate formal living and dining room areas. Gourmet kitchen features granite countertops and backsplash, large center island with storage and electric, pantry, built in desk, raised maple cabinetry with built in wine rack, breakfast bar and eat in space. Appliances include new stainless range and microwave with "finger print proof" finish, LG stainless refrigerator and dishwasher. Great room is accented with built in wall unit with newly installed LED dimmable lights and surround sound. Master suite features huge walk in closet with double hung adjustable racks. Master bath has been beautifully updated with marble counter tops and travertine trim, walk in shower with seamless glass doors, garden tub, double vanities and new Koehler fixtures. Spanish 20X20 tile throughout kitchen, great room, master bedroom, master bath and hall way. Additional design features include pavered front walk and porch, mosaic tile inlay at entry way, plantation shutters, upgraded lighting and ceiling fans. Covered back patio accessible from master and great room. Back yard has room for a pool, access to second bath and concrete pad ready for pool equipment or storage shed. Lexington Oaks offers great amenities including golf course, community center, fitness, basketball courts, community pool and volley ball. Convenient to shopping, dining, entertainment, medical facilities and major highways. Schedule your private showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • One of the best cost-friendly American cities to do business (KPMG)

PRICE & RENT TRENDS

Neighborhood: Lexington Oaks

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $71k343k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Lexington Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7382007

* 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
Veterans Elementary School Primary Regular 831 56 9
Cypress Creek Middle High School Middle Regular NA
Cypress Creek Middle High School High Regular NA

Veterans Elementary School

  • Education Level: Primary
  • # of students: 831
  • # of teachers: 56
9
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$328,500$401,500$365,000

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 -$1,268
Property Tax -$542
Property Insurance -$184
HOA -$5
Property Management Fees -$129
CASH FLOW
-$78

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.

$365,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.6%
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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$18,923

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
  • $0.81

    LIST RENT PER SQFT
  • $1,882

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8754$1,8955$2,050
$2,050
RENT COMPS ANALYSIS
  • 25736 Santos Way Wesley Chapel, FL 5
    • 4 beds 2 baths ∙ 2,534 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,534 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.81
    •  
  • 25712 Aldus Dr Land O Lakes, FL 1
    • 3 beds 3 baths ∙ 2,402 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,402 Sqft ∙ Built 2002
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
  • 25719 Aldus Dr Land O Lakes, FL 2
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2003
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 25639 Risen Star Dr Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2003
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.73
    •  
  • 26025 Risen Star Dr Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2003
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
PROPERTY LISTING DETAILS
Kathy Nelson
1.813.929.7600
Re/max Premier Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292693
Last Updated: 02/27/2021
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