Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

26721 Affirmed Dr Wesley Chapel, FL 33544

4 Beds 2 Baths 1,956 sqft Built 1999

$250,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $127.81
  • 2 Days on Market
  • MLS # : T3273950
  • Updated Date : 11/02/2020 at 02:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,956 sqft
  • Baths : 2 full
Listing Agent

The Sure Way Realty Group

Listing Agent's Description

MOVE-IN READY! Beautiful 4 bedrooms, 2 bathrooms, 2 car garages Single Family Home located in a spectacular golf course community of DEL MAR Village at Lexington Oaks. Laminate floors throughout the whole house except the wet areas with ceramic tiles. Spacious family room oversees the back screened lanai. Lexington Oaks features a community center, pool, playground and golf course. Quiet neighborhood. Only minutes to I-75, I-275, schools, the new Outlet Mall and many great dining options. Take a tour today and make it yours!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lexington Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Lexington Oaks

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
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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$922
Property Tax -$371
Property Insurance -$150
HOA -$5
Property Management Fees -$80
CASH FLOW
$41

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.

$250,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$25,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,697

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,6003$1,6004$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 26721 Affirmed Dr Wesley Chapel, FL 1
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.80
    •  
  • 26642 Affirmed Dr Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 1999
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 5632 Dark Star Loop Wesley Chapel, FL 3
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2001
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 25853 Commendable Loop Wesley Chapel, FL 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2002
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 5335 Bold Venture Pl Wesley Chapel, FL 5
    • 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 1999
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
PROPERTY LISTING DETAILS
Wei Xue
1.813.373.8305
The Sure Way Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273950
Last Updated: 11/02/2020
BESbswy