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30747 Temple Stand Ave Wesley Chapel, FL 33543

4 Beds 4 Baths 2,759 sqft Built 2006

$375,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $135.92
  • 1 Days on Market
  • MLS # : T3317596
  • Updated Date : 07/13/2021 at 16:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,759 sqft
  • Baths : 3 full , 1 half
Listing Agent

Innovation Realty Group

Listing Agent's Description

No need to look any further...LOCATION LOCATION LOCATION!!! Check out this 2 story, 2 car garage home with a fantastic oversized fenced backyard with no rear neighbors! Located in the Ashley Pines Community, this home features 4 bedrooms, 3 1/2 baths with an open concept living area and upstairs bonus area. Well maintained and has a split floor plan with the master bedroom on the first floor and 3 additional bedrooms on the second floor. AC units were replaced in 2019 and 2020. Schedule your showing TODAY, this home won't last long!

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: Ashley Pines

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k483k

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

Neighborhood: Ashley Pines

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
New River Elementary School Primary Regular 661 52 5
Thomas E. Weightman Middle School Middle Regular 1,147 74 7
Wesley Chapel High School High Regular 1,582 99 6

New River Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 52
5
GreatSchools Rating

Thomas E. Weightman Middle School

  • Education Level: Middle
  • # of students: 1,147
  • # of teachers: 74
7
GreatSchools Rating

Wesley Chapel High School

  • Education Level: High
  • # of students: 1,582
  • # of teachers: 99
6
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,303
Property Tax -$416
Property Insurance -$197
HOA -$44
Property Management Fees -$129
CASH FLOW
$221

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.

$375,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.3%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$49,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,283

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,1953$2,2954$2,3105$2,375
$2,375
RENT COMPS ANALYSIS
  • 30747 Temple Stand Ave Wesley Chapel, FL 4
    • 4 beds 4 baths ∙ 2,759 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,759 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.84
    •  
  • 5116 Cello Wood Ln Wesley Chapel, FL 1
    • 4 beds 4 baths ∙ 2,759 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,759 Sqft ∙ Built 2006
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
  • 4639 Pointe O Woods Dr Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 2,533 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,533 Sqft ∙ Built 2006
    property image
    LEASED 05/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
  • 4946 Diamonds Palm Loop Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 2015
    property image
    LEASED 04/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.92
    •  
  • 3500 Juneberry Dr Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,729 Sqft ∙ Built 2006
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.87
    •  
PROPERTY LISTING DETAILS
Robyn Gould
1.904.386.4789
Innovation Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3317596
Last Updated: 07/13/2021
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