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17707 Currie Ford Dr. Lutz, FL 33558

4 Beds 3 Baths 2,903 sqft Built 2000

$499,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $171.89
  • 4 Days on Market
  • MLS # : T3292248
  • Updated Date : 02/27/2021 at 18:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,903 sqft
  • Baths : 3 full
Listing Agent

Palermo Real Estate Prof.inc.

Listing Agent's Description

Rare Opportunity to own in the desirable Van Dyke Estates. This home is located on a highly sought-after cul-de-sac street. Built in 2000, the home features almost 3000 square feet with an open floor plan, high ceilings and split bedroom layout. Throughout the home you will find plush, neutral carpeting in the bedrooms, neutral ceramic tile and bamboo wood flooring. The dining room boasts a beautiful tray ceiling and opens up to a formal living room space and bonus area. There are 4 bedrooms and 3 full bathroom PLUS an office right off of the master bedroom suite. The kitchen features stone countertops, gas cooktop and stainless steel appliances. The indoor laundry room includes a washer and dryer, utility sink and large cabinets for storage. The kitchen includes a breakfast nook and opens up to the family room. Enjoy water views of the pond from almost every room in the home. The covered, screened in lanai opens up to the large backyard with plenty of room for a pool. Located in the Schwarzkopf, Martinez and Steinbrenner School District. New roof to be installed by seller.

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: Van Dyke Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k522k

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

Neighborhood: Van Dyke Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9053004

* 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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$1,733
Property Tax -$630
Property Insurance -$205
HOA -$58
Property Management Fees -$129
CASH FLOW
$205

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.

$499,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.2%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$56,861

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,121

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9603$3,100
$3,100
RENT COMPS ANALYSIS
  • 17707 Currie Ford Dr. Lutz, FL 2
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.02
    •  
  • 18814 Place Antibes Lutz, FL 1
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 1997
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
  • 18722 Chopin Dr Lutz, FL 3
    • 5 beds 3 baths ∙ 2,682 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,682 Sqft ∙ Built 2002
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.16
    •  
PROPERTY LISTING DETAILS
Diana Pomarico Pa
1.727.481.8363
Palermo Real Estate Prof.inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292248
Last Updated: 02/27/2021
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