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18823 Maisons Dr Lutz, FL 33558

3 Beds 2 Baths 1,735 sqft Built 2001

$359,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $207.44
  • 3 Days on Market
  • MLS # : T3286311
  • Updated Date : 01/23/2021 at 17:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,735 sqft
  • Baths : 2 full
Listing Agent

Van Wert Real Estate Svcs.,llc

Listing Agent's Description

Stunning in Cheval!  This is one of the most sought-after communities and school zones in the Tampa Bay area.   And this 3 BR, 2 bath, POOL home is sure to impress!  1,735 square feet of MOVE-IN READY fabulousness awaits.  Stylishly updated, this OPEN FLOOR PLAN will have you at hello.  Cheval's tree-lined streets welcome you, then enter your leaded glass front door into the LIGHT 'N BRIGHT living room / dining room with lovely light laminate flooring and vaulted ceilings.  PLANTATION SHUTTERS throughout give it such a rich feel.  Granite counters, STAINLESS STEEL APPLIANCES, wood cabinets, breakfast bar, pantry, and breakfast nook complete this amazing kitchen.  Spacious family room and sliders lead to the covered / screened patio, sparkling pool, and POND VIEW beyond.  SPLIT FLOOR PLAN features master bedroom in rear of home, and it boasts a large WALK-IN CLOSET with extra shelving and an UPDATED EN SUITE BATHROOM with dual vanity and frameless shower door.  Separate hallway leads to secondary bedrooms and updated guest bathroom.  All bedrooms have that beautiful laminate flooring, no carpet here! Garage has attic with pull-down stairs and storage space, new Wi-Fi garage door opener, utility sink, and side door.  Feel safe and secure in this 24 hour guard-gated community and enjoy the benefits of an A-RATED SCHOOL ZONE.  Just minutes to the Veterans Expressway with quick access to the airport and Downtown Tampa.  Not to mention tons of shopping & dining within a convenient drive.  Don't miss out on your opportunity to be here!  This home won't last!

SEE MORE

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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,250
Property Tax -$454
Property Insurance -$137
HOA -$11
Property Management Fees -$129
CASH FLOW
$69

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.

$359,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$33,150

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,804

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,785
1$1,7852$1,7993$2,0504$2,1005$2,295
$2,295
RENT COMPS ANALYSIS
  • 18823 Maisons Dr Lutz, FL 3
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.18
    •  
  • 18831 Maisons Dr Lutz, FL 1
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2001
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.03
    •  
  • 5610 Terrain De Golf Dr Lutz, FL 2
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1999
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.97
    •  
  • 5906 Lourdes Way Lutz, FL 4
    • 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 2002
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.05
    •  
  • 5412 Avenal Dr Lutz, FL 5
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 1995
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.11
    •  
PROPERTY LISTING DETAILS
Bob Wilson
1.813.231.3627
Van Wert Real Estate Svcs.,llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286311
Last Updated: 01/23/2021
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