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14716 Daybreak Dr Lutz, FL 33559

4 Beds 2 Baths 2,071 sqft Built 1978

$240,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $115.89
  • 3 Days on Market
  • MLS # : T3278122
  • Updated Date : 11/28/2020 at 21:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,071 sqft
  • Baths : 2 full
Listing Agent

Quicksilver Real Estate Group

Listing Agent's Description

Check out this 2 story home with 4 bedrooms, 2 baths, and 2 car garage located on a well-manicured lot with a sprinkler system! This home is located in the desirable Lake Forest community with no CDD and low HOA dues. It features a fireplace in the loft located on the second floor. The master bedroom is located on the first floor along with 1 other bedroom. The other 2 bedrooms are located on the second floor. When you enter the living room you will notice there are 2 sets of updated sliding glass doors that lead to a nice sized screened porch. When you enter the master bedroom, you'll notice the walk-in closet as well as the sliding glass door that leads to the screened in porch. The home features a generator that will automatically kick on and provide power to the entire home if the electric goes out. Great for hurricane season!! New AC installed in 2016. Additional remote controlled ductless AC units in master bedroom and dining room. New impact resistant windows and sliding glass doors installed in 2018. This home is conveniently located near USF, VA Hospital, restaurants, shopping and the major highways. All the appliances and window treatments are included. Don't wait, this one won't last.

SEE MORE

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: Lake Forest

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $74k365k

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

Neighborhood: Lake Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8782036

* 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
Chiles Elementary School Primary Regular 847 60 9
Liberty Middle School Middle Regular 1,202 68 6
Freedom High School High Regular 2,069 103 4

Chiles Elementary School

  • Education Level: Primary
  • # of students: 847
  • # of teachers: 60
9
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
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$886
Property Tax -$303
Property Insurance -$157
HOA -$64
Property Management Fees -$80
CASH FLOW
$141

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.

$240,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$35,313

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6303$1,6504$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 14716 Daybreak Dr Lutz, FL 2
    • 4 beds 2 baths ∙ 2,071 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,071 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.79
    •  
  • 14701 Daybreak Dr Lutz, FL 1
    • 4 beds 2 baths ∙ 2,071 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,071 Sqft ∙ Built 1979
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.76
    •  
  • 14910 Lake Forest Dr Lutz, FL 3
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1980
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 14715 Tall Tree Dr Lutz, FL 4
    • 4 beds 2 baths ∙ 2,071 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,071 Sqft ∙ Built 1978
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 4437 Vieux Carre Cir Tampa, FL 5
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1975
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Shannon Whitesell
1.813.454.1233
Quicksilver Real Estate Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278122
Last Updated: 11/28/2020
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