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5019 Quadrangle Ct Wesley Chapel, FL 33544

3 Beds 2 Baths 1,858 sqft Built 2004

$275,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $148.01
  • 3 Days on Market
  • MLS # : U8108664
  • Updated Date : 01/02/2021 at 09:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Murcar Realty

Listing Agent's Description

Must See! Beautiful, well-maintained 3 Bedroom 2 Bath home in the perfectly located well desire Lexington Oaks community. This spacious single-family home features vaulted ceilings, tile floors throughout the living areas, and large windows for lots of light. Enter into the large formal dining room and living/family room perfect for spending quality time and entertaining. Enjoy the open eat-in kitchen with high cabinets and lots of countertop space, brand new stainless steel appliances. The adjacent breakfast nook with peaceful and open views from kitchen to the very spacious family room adds to the open layout. The large Master Bedroom flows into a walk-in closet and the Master Bathroom which offers double vanity sinks with a lot of countertop space, garden tub, and separate walk in shower. The laundry room with washer and dryer leads into a spacious Two-Car Garage that allows for plenty of storage space in addition to the closet space throughout the home. There a great balcony outdoor area with conservation/preserved area that makes the back a relaxing and inviting oasis with extra privacy. This community features a swimming pool, basketball and tennis courts, playground, and an onsite top-rated Day Care and Golf Course. Low yearly CDD, Low HOA fees. Freshly painted exterior and interior of the home. Convenient to I-75 and SR54/56, brand-new shopping centers, restaurants, entertainment, Florida Hospital, and USF. Schedule your showing today!

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: 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,015
Property Tax -$408
Property Insurance -$144
HOA -$6
Property Management Fees -$129
CASH FLOW
-$42

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.

$275,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.60%

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$900k

PROJECTED ANNUAL CASH FLOW

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

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6603$1,7504$1,7655$1,800
$1,800
RENT COMPS ANALYSIS
  • 5019 Quadrangle Ct Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.89
    •  
  • 5006 Culpepper Pl Wesley Chapel, FL 1
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2004
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 5017 Culpepper Pl Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 25104 Lexington Oaks Blvd Wesley Chapel, FL 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.90
    •  
  • 5145 Culpepper Pl Wesley Chapel, FL 5
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2004
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Sarahi Negron Ortiz
1.813.404.4128
Murcar Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108664
Last Updated: 01/02/2021
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