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14940 Deer Meadow Dr Lutz, FL 33559

4 Beds 2 Baths 1,460 sqft Built 2002

$279,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $191.71
  • 4 Days on Market
  • MLS # : T3296426
  • Updated Date : 03/20/2021 at 19:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,460 sqft
  • Baths : 2 full
Listing Agent

Excellecore Real Estate Inc

Listing Agent's Description

A BRAND NEW ROOF, new EXTERIOR PAINT, and a BACK YARD PATIO that will blow your mind! Centrally located in the Lutz community of Deer Park this 4 bedroom, 2 bathroom home is your ticket to home ownership. Open the front door and you are welcomed home to your Living Room leading to the OPEN KITCHEN concept just around the bend. There is zero carpet in the entire home as tile lines the high traffic and wet areas, while RICH WOOD FLOORING graces the bedrooms and stairs. The Owner's Suite is located on the main floor, with THREE GUEST BEDROOMS upstairs easily allowing family members, or guests, to have their own space. Moving through the home you will notice that the floor plan is ideal for entertaining with a flow that allows for ease of use between the kitchen, eating space, and family room. The kitchen sparkles with STAINLESS STEEL APPLICANCES on a backdrop of white cabinetry. The home's value continues with a COVERED PATIO leading to a FENCED BACK YARD with ample seating and firepit, all of which stays. Conveniently located to both Bruce B Downs, and I-275, it has easy access to the BEST that Lutz, New Tampa, and Wesley Chapel has to offer, including BRAND NEW dining experiences, Wiregrass Mall, and the TAMPA PREMIUM OUTLETS, not to mention less than 3 miles to the University of South Florida. Call to book your appointment now!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Deer Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $76k365k

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

Neighborhood: Deer Park

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
Mort Elementary School Primary Regular 901 74 3
Buchanan Middle School Middle Regular 743 53 3
Freedom High School High Regular 2,069 103 4

Mort Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 74
3
GreatSchools Rating

Buchanan Middle School

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

Freedom High School

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

$251,910$307,890$279,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$972
Property Tax -$353
Property Insurance -$121
HOA -$36
Property Management Fees -$129
CASH FLOW
-$112

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.

$279,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.0%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,637

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,551

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5003$1,5004$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 14940 Deer Meadow Dr Lutz, FL 3
    • 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 14954 Deer Meadow Dr Lutz, FL 1
    • 4 beds 2 baths ∙ 1,396 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,396 Sqft ∙ Built 2004
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.06
    •  
  • 2620 Golden Antler Ln Lutz, FL 2
    • 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 2003
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
  • 2616 Golden Antler Ln Lutz, FL 4
    • 3 beds 3 baths ∙ 1,569 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,569 Sqft ∙ Built 2003
    property image
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 15123 Deer Meadow Dr Lutz, FL 5
    • 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2002
    property image
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.08
    •  
PROPERTY LISTING DETAILS
Jeremy Rickard
1.813.298.9325
Excellecore Real Estate Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296426
Last Updated: 03/20/2021
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