Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1727 Osprey Ln Lutz, FL 33549

3 Beds 2 Baths 1,235 sqft Built 1987

$242,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $195.95
  • 3 Days on Market
  • MLS # : T3289935
  • Updated Date : 02/12/2021 at 20:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,235 sqft
  • Baths : 2 full
Listing Agent

Eaton Realty,llc

Listing Agent's Description

Live the Florida-lifestyle in this 3 bedrooms 2 baths, 2 car garage POOL home situated on an oversized corner lot. A new ROOF (2020) and a newer AC (2019) gives you added peace of mind! Enter the home to warm cherry wood-looking vinyl flooring throughout giving it a rich modern look while the high cathedral ceilings and abundances of windows make the home bright and open. The split bedroom layout offers the master retreat on one side with pool access and the remaining 2 bedrooms and full bath on the other allowing everyone to have their own space! The roomy kitchen boasts plenty of solid wood cherry cabinets, granite counters, stainless steel appliance package, a large breakfast bar, and space for a dinette table for casual meals. Your updated kitchen overlooks a spacious living/dining room combo with sliding doors out to your beautiful backyard oasis! Enjoy relaxing and entertaining on your spacious screened-in patio, and cooling off in your sparkling saltwater heated pool/spa. The fully fenced private backyard is the perfect spot for the four-legged family members to roam. This charming home is located near shops, restaurants, entertainment, outlet malls and provides quick access to all major roads. Come see it today before it’s gone!

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: Cypress Cove

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k365k

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

Neighborhood: Cypress Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8962036

* 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
 

$217,800$266,200$242,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$841
Property Tax -$270
Property Insurance -$108
HOA -$8
Property Management Fees -$129
CASH FLOW
-$45

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.

$242,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,880

INVESTMENT

$69,880

Down Payment
$60,500
Rehab Estimate
$5,750
Closing Costs
$3,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,500
Loan Amount $181,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$14,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,303

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3503$1,4504$1,4955$1,499
$1,499
RENT COMPS ANALYSIS
  • 1727 Osprey Ln Lutz, FL 1
    • 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $1.06
    •  
  • 21513 Northwood Dr Lutz, FL 2
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1978
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.00
    •  
  • 2603 Martha Ln Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1975
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.06
    •  
  • 22447 Crows Nest Ct Lutz, FL 4
    • 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1999
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.13
    •  
  • 2628 Kristi Ct Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1979
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.03
    •  
PROPERTY LISTING DETAILS
Sandra Bockelmann
1.813.263.0737
Eaton Realty,llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289935
Last Updated: 02/12/2021
BESbswy