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1227 Pristine Pl Lutz, FL 33549

4 Beds 3 Baths 2,482 sqft Built 1998

$325,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $130.94
  • 3 Days on Market
  • MLS # : T3277998
  • Updated Date : 11/27/2020 at 19:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,482 sqft
  • Baths : 3 full
Listing Agent

Keller Williams - New Tampa

Listing Agent's Description

One or more pictures have been virtually staged. Looking for space, location, and a price that allows you to put your on touch on upgrades? Look no further. This ranch style block home provides you with 4 bedrooms, 3 full bathrooms AND an office space as well as 3 car garage! Freshly painted, this open floor plan provides the perfect flow from kitchen to family room so that you can stay in the conversion with guests or family while putting food or drinks together. The office has a large window and is ideal for work at home or home-schooling. The home backs up to conservation so you have a nature view while spending time in the large screened in lanai. All this and in a prime location. Just a few minutes away from 41 and I-75, north of the 275 junction, you have great access to highways and backroads to get to most parts of Tampa, Wesley Chapel, New Tampa, Brandon, and Citrus Park in minutes. Since this home comes with a 12 month home-warranty, you have the peace of mind that you would be protected from most unexpected expenses. Come and see the value for yourself and claim this home before its too late!

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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: Willow Bend

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k367k

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

Neighborhood: Willow Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052224

* 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
Lake Myrtle Elementary School Primary Regular 665 48 6
Charles S. Rushe Middle School Middle Regular 1,325 74 7
Sunlake High School High Regular 1,740 95 8

Lake Myrtle Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 48
6
GreatSchools Rating

Charles S. Rushe Middle School

  • Education Level: Middle
  • # of students: 1,325
  • # of teachers: 74
7
GreatSchools Rating

Sunlake High School

  • Education Level: High
  • # of students: 1,740
  • # of teachers: 95
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,199
Property Tax -$406
Property Insurance -$181
HOA -$48
Property Management Fees -$80
CASH FLOW
$226

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.

$325,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.5%
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$20k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

9.92

YEARS SAVED

$53,900

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,234

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,1753$2,2004$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 1227 Pristine Pl Lutz, FL 1
    • 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.86
    •  
  • 22647 Cliffside Way Land O Lakes, FL 2
    • 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2002
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.82
    •  
  • 23880 Campania Pass Land O Lakes, FL 3
    • 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2014
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 22610 Magnolia Trace Blvd Lutz, FL 4
    • 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 1998
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.98
    •  
  • 1239 Primwood Ln Lutz, FL 5
    • 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1998
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.99
    •  
PROPERTY LISTING DETAILS
Cristina Montoya
1.973.652.2908
Keller Williams - New Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277998
Last Updated: 11/27/2020
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