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31011 Stone Arch Ave Ave Wesley Chapel, FL 33545

4 Beds 3 Baths 2,499 sqft Built 2006

$320,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $128.05
  • 6 Days on Market
  • MLS # : T3273309
  • Updated Date : 10/29/2020 at 10:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,499 sqft
  • Baths : 3 full
Listing Agent

Out Fast Realty & Investments Llc

Listing Agent's Description

Come fall in love with this stunning 4 bedroom, 3 bathrooms, 2 Car Garage POOL HOME. This home offers EVERYTHING a buyer could want or need. It even includes a gym!!!! Stainless steel appliances, wood floor, open concept. Spacious living/dining area with wood flooring leading to huge tiled kitchen It features a split bedroom arrangement for privacy. Laundry is on the second floor. Beautiful stair case. Master suite features two large walk-in closet, garden tub and standing shower. Toilet is separated for more privacy. Enjoy tranquil evenings on the huge lanai w/ incredible sliding glass door perfect for entertaining. This house has everything and more. Great schools, shopping, dining, hospitals, the new ice arena, and so much more. You will love calling this house 'home'!

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: Bridgewater

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $85k295k

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

Neighborhood: Bridgewater

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781835

* 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
Watergrass Elementary School Primary Regular 785 60 5
Thomas E. Weightman Middle School Middle Regular 1,147 74 7
Wesley Chapel High School High Regular 1,582 99 6

Watergrass Elementary School

  • Education Level: Primary
  • # of students: 785
  • # of teachers: 60
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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,181
Property Tax -$543
Property Insurance -$182
HOA -$29
Property Management Fees -$80
CASH FLOW
$56

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.

$320,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$31,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,218

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0704$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 31011 Stone Arch Ave Ave Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.83
    •  
  • 7486 Tuscan Bay Cir Wesley Chapel, FL 1
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 7641 Tuscan Bay Cir Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 7718 Tuscan Bay Cir Wesley Chapel, FL 4
    • 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 2017
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 7844 Atwood Dr Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2007
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ana Benitez
1.813.405.7719
Out Fast Realty & Investments Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273309
Last Updated: 10/29/2020
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