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18808 Chopin Dr Lutz, FL 33558

5 Beds 3 Baths 2,705 sqft Built 2000

$495,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $182.99
  • 20 Days on Market
  • MLS # : T3283310
  • Updated Date : 01/21/2021 at 16:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,705 sqft
  • Baths : 3 full
Listing Agent

Home Locators Inc.

Listing Agent's Description

Overlooking the 15th tee box of the TPC Golf Course, this gorgeous 5BR/3BA executive home offers a beautiful view of the pond, conservation area and golf course. Freshly painted, this home offers many custom and designer touches! Features spacious rooms with vaulted ceilings and ceramic tile and laminate flooring throughout. You will love the architecturally designed arches that grace the entrance to the family room, large ceramic tile flooring downstairs, and laminate in the large upstairs bonus room with built-ins and the upstairs bedrooms. Downstairs features a wonderful guest suite and full bath, The kitchen boasts beautiful custom cherry cabinet, granite counter tops and stainless steel appliances. The master suite offers a lovely view of the golf course, two walk-in closets, beautiful double vanities, separate garden tub plus walk-in shower. Three car garage with a brand new epoxy floor. Designer ceiling fans throughout. Also, you will love relaxing under the covered lanai & swimming in the free form pool Fully fenced backyard with levels of newly painted concrete decking. Cheval is a beautiful guard manned gated community in northwest Hillsborough County.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Cheval West

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: Cheval West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052692

* 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
Mckitrick Elementary School Primary Regular 1,009 67 9
Martinez Middle School Middle Regular 1,133 59 8
Steinbrenner High School High Regular 2,329 116 8

Mckitrick Elementary School

  • Education Level: Primary
  • # of students: 1,009
  • # of teachers: 67
9
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
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,719
Property Tax -$700
Property Insurance -$194
HOA -$11
Property Management Fees -$129
CASH FLOW
-$53

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$495,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.57%
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$20k

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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$30,231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,833

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,6003$2,7004$2,7005$3,100
$3,100
RENT COMPS ANALYSIS
  • 18808 Chopin Dr Lutz, FL 4
    • 5 beds 3 baths ∙ 2,705 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,705 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
  • 18933 Saint Laurent Dr Lutz, FL 1
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 1999
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.00
    •  
  • 18716 Chopin Dr Lutz, FL 2
    • 5 beds 3 baths ∙ 2,510 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,510 Sqft ∙ Built 2002
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.04
    •  
  • 18814 Place Antibes Lutz, FL 3
    • 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 5
    • 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
Vicki Paul
1.813.908.8555
Home Locators Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283310
Last Updated: 01/21/2021
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