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6633 Wild Elm Ct Wesley Chapel, FL 33545

4 Beds 2 Baths 2,088 sqft Built 2016

$265,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $126.92
  • 3 Days on Market
  • MLS # : T3274895
  • Updated Date : 11/07/2020 at 11:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,088 sqft
  • Baths : 2 full
Listing Agent

Align Right Realty Llc

Listing Agent's Description

Tucked away inside Wesley Chapel's community of Oak Creek awaits your dream home. This 4 bedroom plus office, 2 bathroom one story home offers an array of impressive features to include a cul-de-sace with no backyard neighbors, screened in lanai, spa, plus tons of other upgrades. Once you step inside the front door your eye carries you all the way through the home to the large back sliding glass doors showcasing the serene views and beautiful backyard features. You'll feel right at home with this open floorplan. The living room easily blends into a kitchen that boasts 42 inch upper cabinets with crown molding, stainless steel appliances, wine fridge, granite counter tops and the cutest bench seat nestled inside the kitchenette. This well laid out home has the spacious dining room just off to the side from the kitchen. Take a moment to notice the office space settled in the front of the home. Next, enjoy a tour of the three additional bedrooms that include many creature comforts to include ceiling fans and closet organizers. The extra large master bedroom and en-suite have everything your heart has dreamed of. Here you will find a sliding glass door leading out to the back lanai, ceiling fan, double sinks, granite counter tops, large garden tub with separate shower and walk in closet. If you weren't blown away by the upgrades, the backyard will surely set you over the top. Here you will find a covered and screened in 8x13 lanai with an extended 10 x13 paver patio holding your 8 person spa. Imagine enjoying the beautiful sunsets from your back patio spa over looking the peaceful landscaping. In addition to all this, the Oak Creek Community has very low HOA fees and yet they STILL offer high end amenities such as a gorgeous community pool, playgrounds, pavilions, basketball courts, dog parks and more. Bonus: the washer and dryer come included. All room sizes approximate.

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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

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$978
Property Tax -$447
Property Insurance -$158
HOA -$9
Property Management Fees -$80
CASH FLOW
-$52

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.

$265,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.61%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$16,573

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6503$1,6954$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 6633 Wild Elm Ct Wesley Chapel, FL 1
    • 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.78
    •  
  • 6723 Runner Oak Dr Wesley Chapel, FL 2
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 2006
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 34023 Pickford Ct Wesley Chapel, FL 3
    • 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 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Michelle Denham
1.813.919.9179
Align Right Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274895
Last Updated: 11/07/2020
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