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6440 Doe Path Ct Wesley Chapel, FL 33545

4 Beds 2 Baths 2,080 sqft Built 2017

$315,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $151.44
  • 4 Days on Market
  • MLS # : T3296847
  • Updated Date : 03/26/2021 at 23:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,080 sqft
  • Baths : 2 full
Listing Agent

Align Right Realty Llc

Listing Agent's Description

Welcome to 6440 Doe Path Court nestled on a quiet and quaint cul de sac street surrounded by mature trees. This pristine single family residence with upgraded elevation was built in 2017 and is located in the desirable community of Oak Creek. The Vinoy floor plan offers open concept living, heightened ceilings, and features 4 Bedrooms, 2 Bathrooms, 2 car garage with just under 2,100 square feet of interior living. This impeccably maintained home is polished with upgraded ceramic tile flooring throughout with a clean, bright and open floor plan. For more formal gatherings, a dining room with a large picture window is perfect for entertaining. The gourmet kitchen features granite counters, with 42 inch wood cabinetry with ample storage, upgraded kitchen design and stainless steel appliance package with an upgraded refrigerator and a generous sized pantry. Enjoy your morning cup of coffee in your casual dining area overlooking the picturesque conservation views and professional landscaping. The home features a split bedroom floor plan. The expansive owner's suite is your own private oasis with a spa-like bathroom finished with a walk-in shower with upgraded ceramic wall tile, soaking garden tub, a large vanity with dual sinks and a water closet. Three additional spacious bedrooms and a bathroom are located toward the front of the home. Additional highlights include pre- wire for security cameras, ceramic tile laid throughout the main living areas, under mount sinks, upgraded granite countertops, upgraded master bathroom design, upgraded kitchen design, custom light fixtures and custom window coverings, energy star rated double pane windows and extended lanai. Beautiful professional landscaping in front and back of the home. Oak Creek is ideally located with easy access to major roads and highways. 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.

SEE MORE

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

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,094
Property Tax -$515
Property Insurance -$157
HOA -$9
Property Management Fees -$129
CASH FLOW
-$115

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.

$315,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.57%

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$1.0M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,450

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,768

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,7904$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 6440 Doe Path Ct Wesley Chapel, FL 3
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.86
    •  
  • 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 2
    • 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
    •  
  • 6723 Runner Oak Dr Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 2006
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 34424 Blue Ash Ct Wesley Chapel, FL 5
    • 4 beds 2 baths ∙ 2,231 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,231 Sqft ∙ Built 2015
    LEASED 03/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
PROPERTY LISTING DETAILS
Stella Tornabene
1.954.593.8281
Align Right Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296847
Last Updated: 03/26/2021
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