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$469,990

For Sale - Active
2518 Chapel Oak Bnd, Wesley Chapel, FL 33543
4 Beds
3 Baths
2,045 Square Feet
0.13 Acres Lot
Built in 2024
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Aug 19, 2025 at 10:17AM

Investment Summary


Monthly Cash Flow
-$994
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Property Description


0.13 Acres Lot
Built in 2024
For Sale - Active
Units n/a

Price reduction!! Welcome to this stunning one-story single-family home, turn-key and move-in ready and situated on a quiet street in the Woodcreek community. This is the popular Lantana model in the community, with well rated schools in Wesley Chapel. Only a year old, and it’s better than new with over $11,000 of upgrades. It's a one-story home with 2,045 square feet of living space.  It has 4 bedrooms, 2.5 bathrooms, and a 2-car garage. The open concept home features a modern kitchen with stainless-steel dishwasher, range and microwave, flowing into the living and dining areas - ideal for entertaining, sliding open the living room doors to relax in the lanai and covered space. The primary suite has a full bath, dual vanities, His and Hers separate closets. Two additional bedrooms share a full bath, one more bedroom plus a powder bath and laundry room. The French door refrigerator, washer and dryer, and a 240 Volt EV charging outlet in the garage are included. The community amenities include a pool, playground and walking trails. Just 5 minutes from the Wiregrass Mall, several restaurants and hospitals. 15-minutes from I-75 and Tampa Premium Outlets. Ideal for families seeking a blend of comfort, convenience and style in Wesley Chapel. Please see the attached full list of upgrades the owner has done.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Block
  • Roof Type: Gable
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Alex Gormley
  • HOA Fee: $83/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2626200120002000030
  • Lot Size: 5542 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2024

Tax Information

  • Annual Tax: $2,737

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Pasco

Listing Details


Listed by:
Neha Mehta
PEOPLE'S CHOICE REALTY SVC LLC
(813) 333-1386

Source:
Stellar MLS
MLS#: TB8402092
Stellar MLS

Investment Summary


Monthly Cash Flow
-$994
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$469,990
Amount financed:
-$375,992
Down payment:
$93,998
Closing costs:
$14,100
Rehab costs:
$0
Initial cash invested:
$108,098
Square feet:
2,045
Cost per square foot:
$230
Monthly rent per square foot:
$1.22

Financing Details

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Loan amount:
$375,992
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,408
Property tax:
$228
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,811

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$228-$2,737
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (3%)
3%-$83-$996
Total operating expenses: (37%)
37%-$936-$11,233

Cash Flow


Monthly Yearly
Net operating income:
$1,414 $16,968
Mortgage payments:
-$2,408 -$28,896
Cash flow:
$994 $11,928