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1005 Kingsborough Gardens Ct Lutz, FL 33548

4 Beds 2 Baths 2,367 sqft Built 1997

$434,900

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $183.73
  • 4 Days on Market
  • MLS # : T3274443
  • Updated Date : 11/06/2020 at 12:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,367 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Bursting with amazing curb appeal and a grand entrance, this beautiful and meticulously cared for Executive Pool Home will not disappoint! Nested on a stunning OVERSIZED LOT in a peaceful and private setting you'll feel at home the moment you arrive. Located on a QUIET CUL DE SAC in the serene neighborhood of Kingsborough Gardens. This home has been beautifully UPDATED with the finest luxury finishes and details. You will notice the detail throughout this one story home which offers a spacious 4 Bedrooms, 2 Bathrooms, 2 car garage, Family Room, Office, Study and complete privacy on a SPACIOUS 1/2 acres with RESORT-STYLE landscaped grounds. This home has been meticulously maintained and boasts a floor plan that is ideal for entertaining. The gourmet kitchen is well appointed with granite counter tops, stainless steel appliances, eat-in kitchen and island to provide plenty of counter space with room for 4 bar stools.The master suite offers a a private oasis, luxurious master bathroom, His and Her vanities, garden bath and walk-in shower. 3 additional bedrooms complete the home & are all well appointed & spacious. The family room is warm and inviting and spills out to a sparkling solar heated pool and spa with automatic pool cleaner, outdoor lighting in a tropical setting for the family to gather for a BBQ. NO HOA FEES OR FLOOD INS. Close to GREAT SCHOOLS and A rated Steinbrenner High School. Perfect for those seeking country living but easy access to everything Tampa has to offer. THIS HOME WILL NOT LAST, SCHEDULED YOUR PRIVATE SHOWING TODAY!

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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: Lutz

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k432k

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

Neighborhood: Lutz

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052166

* 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
Lutz Preparatory K-8 Primary Regular 635 48 6
Buchanan Middle School Middle Regular 743 53 3
Steinbrenner High School High Regular 2,329 116 8

Lutz Preparatory K-8

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 48
6
GreatSchools Rating

Buchanan Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
3
GreatSchools Rating

Steinbrenner High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 116
8
GreatSchools Rating
 

$391,410$478,390$434,900

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 -$1,605
Property Tax -$549
Property Insurance -$174
Property Management Fees -$80
CASH FLOW
-$38

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.

$434,900

PROJECTED PRICE

$2,370

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.6%
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$1.2M$1.4M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,999

INVESTMENT

$120,999

Down Payment
$108,725
Rehab Estimate
$5,750
Closing Costs
$6,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,725
Loan Amount $326,175
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$34,391

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
  • $1

    LIST RENT PER SQFT
  • $2,355

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,0003$2,0494$2,3705$2,500
$2,500
RENT COMPS ANALYSIS
  • 1005 Kingsborough Gardens Ct Lutz, FL 4
    • 4 beds 2 baths ∙ 2,367 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,367 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.00
    •  
  • 3902 Little Egret Ct Lutz, FL 1
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 1994
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.97
    •  
  • 16207 Yaupon Pl Tampa, FL 2
    • 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 2004
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 18823 Rue Loire Lutz, FL 3
    • 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 1993
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $0.95
    •  
  • 17908 Woodland View Dr Lutz, FL 5
    • 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2017
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.09
    •  
PROPERTY LISTING DETAILS
Joseph Kozlar
1.813.924.2907
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274443
Last Updated: 11/06/2020
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