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26846 Middleground Loop Wesley Chapel, FL 33544

4 Beds 2 Baths 1,685 sqft Built 2001

$269,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $160.18
  • 3 Days on Market
  • MLS # : T3273851
  • Updated Date : 11/02/2020 at 14:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,685 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

NEW ON MARKET!!!…NEW ON MARKET!!! This spectacular pool home is priced to move FAST! Pride in ownership, not your average home, immaculate, move in ready, 4 bedroom, 2 bath pool home located in the desirable community of Lexington Oaks, a fantastic master planned community featuring an 18 hole golf course, private clubhouse w/heated pool, fitness center. Very open great-room plan with a split bedroom and eat-in kitchen. Master bathroom completely remodeled 06/2020. Water heater installed 05/2020. New ceramic tile throughout installed 11/2019. Energy efficient sliding glass doors leading to pool installed 09/2019. Front door retractable screen door so you can enjoy Florida weather during cooler months. This home is perfect for entertaining. Fenced in yard so you and your family can enjoy private and zen like peaceful surroundings. This charming home is conveniently located close to I-75, close to shopping and dining. Make your appointment today to view this beautiful home 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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$996
Property Tax -$401
Property Insurance -$134
HOA -$5
Property Management Fees -$80
CASH FLOW
$134

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.

$269,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.65%

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

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$38,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,723

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,6504$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 26846 Middleground Loop Wesley Chapel, FL 4
    • 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,685 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 26542 Whirlaway Ter Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2001
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 26803 Affirmed Dr Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 26820 Affirmed Dr Wesley Chapel, FL 3
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1999
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 26715 Middleground Loop Zephyrhills, FL 5
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2000
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
PROPERTY LISTING DETAILS
Patricia Macmartin
1.813.494.6780
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273851
Last Updated: 11/02/2020
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