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27609 Stonecreek Way Wesley Chapel, FL 33544

4 Beds 3 Baths 2,879 sqft Built 2012

$390,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $135.46
  • 3 Days on Market
  • MLS # : T3279800
  • Updated Date : 12/11/2020 at 17:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,879 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

This Beautifully manicured and meticulously maintained 2-story Seven Oaks home, is situated on Conservation and located in a gated community with 4 bedrooms, 2 ½ Baths + loft, 2 car garage and 2,879 sqft. The DR Horton, “Iris” model offers the ever popular open floorplan. The combined formal living and dining are located at the front of the home and the kitchen and great room are found towards the back. Kitchen boasts center island with storage, stainless appliances, granite counters, decorative backsplash, 42” upper cherry cabinets trimmed with crown molding and breakfast bar accented with pendant lighting. From the great room you can enjoy lovely peaceful views of conservation through the sliding glass doors. Just outside, the covered patio opens up your views of nature even more. The Spacious Master suite is located downstairs and includes a walk-in closet, ceiling fan, separate vanities in the master bath, jetted garden tub and a separate shower. Upstairs you will find all other bedrooms and a bathroom as well as a bonus loft area, a great place for all to gather. Seven Oaks is a resort like community with amenities galore including three pools, waterslide, fitness center, clubhouse, tennis, volleyball courts, jogging trails, private theatre & cafe. Near excellent schools, shopping, dining, Wiregrass Mall, Outlet Mall, Ice Hockey, top restaurants & Florida Hospital. Taxes includes CDD. Welcome home!

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: Seven Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k427k

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

Neighborhood: Seven Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052224

* 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
Seven Oaks Elementary School Primary Regular 1,082 76 7
Dr. John Long Middle School Middle Regular 1,689 101 8
Wiregrass Ranch High School High Regular 2,332 138 8

Seven Oaks Elementary School

  • Education Level: Primary
  • # of students: 1,082
  • # of teachers: 76
7
GreatSchools Rating

Dr. John Long Middle School

  • Education Level: Middle
  • # of students: 1,689
  • # of teachers: 101
8
GreatSchools Rating

Wiregrass Ranch High School

  • Education Level: High
  • # of students: 2,332
  • # of teachers: 138
8
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,439
Property Tax -$600
Property Insurance -$204
HOA -$11
Property Management Fees -$129
CASH FLOW
-$13

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.

$390,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.0%
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$0.0$5.0k$10k$15k$20k

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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$32,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,454

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3703$2,4954$2,6005$2,795
$2,795
RENT COMPS ANALYSIS
  • 27609 Stonecreek Way Wesley Chapel, FL 2
    • 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.82
    •  
  • 4129 Granite Glen Loop Wesley Chapel, FL 1
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2011
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.83
    •  
  • 3607 Hickory Hammock Loop Wesley Chapel, FL 3
    • 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2006
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.87
    •  
  • 27203 Fern Glade Ct Wesley Chapel, FL 4
    • 4 beds 4 baths ∙ 3,104 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,104 Sqft ∙ Built 2005
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 4477 Vermillion Sky Dr Wesley Chapel, FL 5
    • 4 beds 4 baths ∙ 3,225 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,225 Sqft ∙ Built 2015
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.87
    •  
PROPERTY LISTING DETAILS
Doug Bohannon
1.813.431.2841
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279800
Last Updated: 12/11/2020
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