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6311 Hawk Grove Court Wesley Chapel, FL 33545

4 Beds 2 Baths 2,030 sqft Built 2013

$299,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $147.29
  • 2 Days on Market
  • MLS # : T3287893
  • Updated Date : 02/13/2021 at 23:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,030 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Meticulous move-in ready WestBay home within the desirable Oak Creek community in Wesley Chapel. Fall in love with the grand entryway welcoming you into a beautiful 4 bedroom home featuring high ceilings showcasing crown molding, tile flooring, and a partially FENCED OVERSIZED YARD with pond and conservation views. LOW HOA. Interior features includes tile throughout all wet areas, split bedroom floor plan with an open concept leading into the kitchen and family room featuring 42-inch cabinets, granite countertops, stainless steel appliances, and a large granite center island. Enjoy a dine-in breakfast area off the kitchen looking into your beautiful large backyard. Extra-large owners suite located in the back of the home allowing for privacy and features an en-suite with dual sinks, walk in shower, and huge walk in closet. Well maintained home and shows true pride of ownership. This sought-after community features, a pool, dog park, playground, picnic pavilions, basketball court, and walking trails. Conveniently located to hospitals, shopping, and much more. Just 15 minutes to I-75 and approximately 40 minutes to Tampa airport. Home is a must see and 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: Oak Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k494k

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

Neighborhood: Oak Creek

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
New River Elementary School Primary Regular 661 52 5
Raymond B. Stewart Middle School Middle Regular 975 66 4
Zephyrhills High School High Regular 1,502 92 3

New River Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 52
5
GreatSchools Rating

Raymond B. Stewart Middle School

  • Education Level: Middle
  • # of students: 975
  • # of teachers: 66
4
GreatSchools Rating

Zephyrhills High School

  • Education Level: High
  • # of students: 1,502
  • # of teachers: 92
3
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,039
Property Tax -$489
Property Insurance -$154
HOA -$8
Property Management Fees -$129
CASH FLOW
-$99

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.

$299,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,505

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,695

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7203$1,7504$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 6311 Hawk Grove Court Wesley Chapel, FL 2
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.85
    •  
  • 34023 Pickford Ct Wesley Chapel, FL 1
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2017
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 34206 Spring Oak Trl Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 2,177 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,177 Sqft ∙ Built 2010
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 34424 Blue Ash Ct Wesley Chapel, FL 4
    • 4 beds 2 baths ∙ 2,231 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,231 Sqft ∙ Built 2015
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 6723 Runner Oak Dr Wesley Chapel, FL 5
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 2006
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Christina Navatta
1.813.385.8510
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287893
Last Updated: 02/13/2021
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