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5119 Little Stream Ln Wesley Chapel, FL 33545

4 Beds 2 Baths 2,210 sqft Built 2020

$327,748

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $148.30
  • 9 Days on Market
  • MLS # : T3273782
  • Updated Date : 11/06/2020 at 18:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,210 sqft
  • Baths : 2 full
Listing Agent

Grande Real Estate Services

Listing Agent's Description

Under Construction. This open concept floor plan with modern layout offers 4 bedrooms, 2 baths, 2 car garage PLUS an office/Den and boasts over 2200 sq ft of living space. At the front of the house, as you enter the foyer, there's a Guest bedroom an an office/Den that can also be a 5th bedroom. Further back and down a hall you will find two more spacious bedrooms and a shared bath, as well as the inside laundry room. The well appointed kitchen boasts an abundance of 42' cabinets, granite countertops, an eat at island, and stainless steel appliances. Just off the kitchen is the massive Living room with sliders that open to the back patio. Located at the back of the house away from the guest bedrooms for privacy you will find the Master Bedroom, with plenty of space for a king size bed, and attached en suite and walk in closet. The Ensuite features dual vanities, granite countertops, and large walk in closet. This home has it all

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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

Zip Code: 33545

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $85k295k

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

Zip Code: 33545

ZipNIR 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
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
 

$294,973$360,523$327,748

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,209
Property Tax -$496
Property Insurance -$165
HOA -$50
Property Management Fees -$80
CASH FLOW
-$81

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$327,748

PROJECTED PRICE

$1,920

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 3.00%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$88,853

INVESTMENT

$88,853

Down Payment
$81,937
Rehab Estimate
$2,000
Closing Costs
$4,916

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,209

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,937
Loan Amount $245,811
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,895

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$1,9204$1,9505$2,095
$2,095
RENT COMPS ANALYSIS
  • 5119 Little Stream Ln Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.87
    •  
  • 32701 Coldwater Creek Loop Wesley Chapel, FL 1
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2016
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 4613 White Bay Cir Wesley Chapel, FL 2
    • 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 2005
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 32652 Coldwater Creek Loop Wesley Chapel, FL 4
    • 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2017
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 5056 Suncatcher Dr Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2017
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.82
    •  
PROPERTY LISTING DETAILS
Cheryl Gonzalez
1.813.230.5217
Grande Real Estate Services
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273782
Last Updated: 11/06/2020
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