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32686 Windelstraw Dr Wesley Chapel, FL 33545

3 Beds 3 Baths 1,859 sqft Built 2013

$319,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $171.60
  • 4 Days on Market
  • MLS # : T3286287
  • Updated Date : 01/28/2021 at 15:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,859 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Premier Group

Listing Agent's Description

This absolutely stunning and very well maintained Home is move in ready and waiting for you! When you walk in the front door, you will notice the nice open Great Room Plan this Home has. Featuring a Half Bath right when you walk in, a nice size Dining Room, Large Living Room all overlooking your Large Open Kitchen area which features 42" Maple Espresso Cabinets with Corian Countertops , Designer Backsplash, Stainless Steel Appliances, a Large Island with a Bar area, Large Walk-In Pantry, and Ceramic Tile Flooring through out the downstairs. Off of the Living area, you will notice your Covered Screened Lanai with New Epoxy finish as well as an extended Cement Walk-Way around the outside of your Lanai which makes it great for Grilling while sitting around enjoying your Large Vinyl Fenced Back Yard! Upstairs you will find a nice size Loft area which can be used as an Office, Den or Play Room as well as your Laundry Area. Your Master Bedroom is very spacious with the Master Bath featuring a Garden Tub, Separate Shower, Dual Sinks with Corian Countertops and a Large Walk-In Closet. The Additional Bedrooms are also nice size rooms with one having a nice size Walk-In Closet. Your Guest Bath features a Shower/Tub combo, Dual Vanity Sinks with Corian Countertops and Ceramic Tile Flooring. This Beauty Also has a Newer 3 Ton A/C Unit with Dual Controls! This Home is located right across the street from one of the Clubhouses which features 2 Large Swimming Pools, Tennis Courts, Basketball Court, Playground and Gym as well as walking distance to the Elementary School! Don't wait on this one, it won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Watergrass

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k518k

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

Neighborhood: Watergrass

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
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
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,108
Property Tax -$478
Property Insurance -$144
HOA -$5
Property Management Fees -$129
CASH FLOW
-$174

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.

$319,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.4%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,785

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,7503$1,8654$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 32686 Windelstraw Dr Wesley Chapel, FL 1
    • 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.91
    •  
  • 33207 Whisper Pointe Dr Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2015
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 31421 Glendalough Way Wesley Chapel, FL 3
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2006
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.91
    •  
  • 7743 Yale Harbor Dr Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2018
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 7578 Yale Harbor Dr Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
PROPERTY LISTING DETAILS
Tina Garrison
1.813.477.4842
Re/max Premier Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286287
Last Updated: 01/28/2021
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