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1202 Wildrose Dr Lutz, FL 33549

4 Beds 3 Baths 2,114 sqft Built 1977

$349,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $165.52
  • 2 Days on Market
  • MLS # : T3294151
  • Updated Date : 03/07/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,114 sqft
  • Baths : 3 full
Listing Agent

Northside Realty Inc Realtors

Listing Agent's Description

No HOA!...This house has been beautifully updated throughout in tasteful neutrals. In the last five years the roof, AC, all appliances, and tile flooring have been replaced. There is a huge walk-in pantry in the kitchen that was wired for a second refrigerator. The in-law suite has a separate entrance and is on the opposite end of the house from the main home. It was converted from the two-car garage. There is no HOA so if you need to park a boat or motor home on the side of this huge yard, you may. The house is at the end of the street and backs to a horse farm. Due to job transfer, the closing must be set for April 30.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Maniscalco Elementary School Primary Regular 524 45 7
Liberty Middle School Middle Regular 1,202 68 6
Freedom High School High Regular 2,069 103 4

Maniscalco Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 45
7
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 68
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,069
  • # of teachers: 103
4
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,215
Property Tax -$442
Property Insurance -$159
Property Management Fees -$129
CASH FLOW
-$5

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.

$349,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$25,202

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,213

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9403$2,2004$2,400
$2,400
RENT COMPS ANALYSIS
  • 1202 Wildrose Dr Lutz, FL 2
    • 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.92
    •  
  • 17023 Shady Pines Dr Lutz, FL 1
    • 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 1978
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.97
    •  
  • 2402 Burlwood Dr Lutz, FL 3
    • 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 1985
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
  • 18230 Dolly Brook Ln Lutz, FL 4
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1993
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
PROPERTY LISTING DETAILS
Diann Callahan
1.813.962.2100
Northside Realty Inc Realtors
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294151
Last Updated: 03/07/2021
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