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17001 Paula Ln Lutz, FL 33558

3 Beds 3 Baths 2,271 sqft Built 2020

$474,900

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $209.11
  • 3 Days on Market
  • MLS # : T3297302
  • Updated Date : 03/26/2021 at 09:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,271 sqft
  • Baths : 2 full , 1 half
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

WELCOME TO THIS GORGEOUS 2021 CUSTOM BUILT HOME! This exquisite home has 3 BEDROOMS 2 1/2 BATHS A DEN/OFFICE AND A LOFT. AS you enter this Craftsman style home you will be greeted by a 20ft high foyer that leads you to the Den/Office on your right OR straight into A FANTASTIC CHEF'S KITCHEN FEATURING 42" RAISED PANEL CABINATRY, AMAZING QUARTS COUNTER TOPS, BEAUTIFUL SUBWAY TILE BACKSPLASH AND KITCHEN HOOD and NEW STAINLESS STEEL APPLIANCES. From the kitchen you will enjoy a spacious dining room and living room, tile floors throughout the first floor, also on the first floor you will find a beautiful and large master bedroom suite, the master bathroom features two separate sinks, a jetted jacuzzi tub and walking shower. Upstairs you will find two additional bedrooms, a loft which is perfect for quality time with the family and a second bathroom with a double sink vanity. Laundry room is located in the first floor along with a half bath. This home is well built with BLOCK CORE INSULATION, PGT IMPACT WINDOWS and TWO SEPARATE AC UNITS that make this home more energy efficient. This homes sits on a cornet lot and is fully fenced. Impact rated garage door and garage door opener with WIFI capabilities and wireless keypad. Paved driveway. Plans are available. well, septic and water softener. A RATED SCHOOLS, STEINBRENNER HIGH SCHOOL DISTRICT! Easy access to Veterans Expressway, Tampa International Airport, restaurants and so much more. Don't miss this amazing opportunity!

SEE MORE

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: Northdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k365k

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

Neighborhood: Northdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052036

* 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
Schwarzkopf Elementary School Primary Regular 639 49 8
Martinez Middle School Middle Regular 1,133 59 8
Steinbrenner High School High Regular 2,329 116 8

Schwarzkopf Elementary School

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 49
8
GreatSchools Rating

Martinez Middle School

  • Education Level: Middle
  • # of students: 1,133
  • # of teachers: 59
8
GreatSchools Rating

Steinbrenner High School

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

$427,410$522,390$474,900

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,650
Property Tax -$600
Property Insurance -$168
Property Management Fees -$129
CASH FLOW
-$336

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$474,900

PROJECTED PRICE

$2,210

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 3.00%
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-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,849

INVESTMENT

$127,849

Down Payment
$118,725
Rehab Estimate
$2,000
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,218

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,1004$2,210
$2,210
RENT COMPS ANALYSIS
  • 17001 Paula Ln Lutz, FL 4
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.97
    •  
  • 4104 Woodacre Ln Tampa, FL 1
    • 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2004
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.91
    •  
  • 5025 Torrey Hills Ln Lutz, FL 2
    • 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
  • 15303 Lake Bella Vista Dr Tampa, FL 3
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 2003
    property image
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kirsis Schlechty
1.813.787.9322
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3297302
Last Updated: 03/26/2021
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