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18840 Deer Tracks Loop Lutz, FL 33558

3 Beds 3 Baths 2,254 sqft Built 2015

INVESTimate

$345,000

List Price

$2,200

$1,980 - $2,420

Rent Est.

$359,594  ( +4.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $153.06
  • 8 Days on Market
  • MLS # : T3260227
  • Updated Date : 08/24/2020 at 08:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,254 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mihara & Associates Inc.

Listing Agent's Description

Located in one of Lutz's newest areas in Long Lake Ranch & close to everything! Publix, eateries, highways, shopping, banks, medical facilities & Tampa are just a heartbeat away. This is a beautiful 3/2.5/2 w/Flex Space Great Room Floorplan. Home is located on an OVERSIZED CORNER HOMESITE. Exterior is dressed up with nice elevation details. Enter the home through a nice wide Foyer equipped with a drop-off center & half bath. Spacious Living & Dining areas, great for Family fun & entertaining. Kitchen is equipped with beautiful Espresso cabinets, GRANITE, gorgeous backsplash, STAINLESS STEEL appliances & double bowl sink, walk-in pantry, can lighting, pendant lighting & large serving/eating island. All bedrooms are located on the 2nd floor for privacy. HUGE MASTER SUITE complemented with a nice size en-suite with double vanities, separate shower stall & soaking tub & LARGE WALK-IN closet. Secondary bedrooms separated by secondary bath. Flex space can serve as an work-space, media center, gameroom, homework center & more! Laundry room is located on the second floor too making it a breeze to do laundry. Enjoy community amenities such as the 40 acre lake where you can fish, boat with non-motorized boats, resort style pool, splash zone, tennis & basketball courts, picnic areas, dog park & playgrounds. A fabulous community for all members of the family! Call today for your Private Showing!

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 33558

ZipNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k420k

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

Zip Code: 33558

ZipNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $9052382

* 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
Oakstead Elementary School Primary Regular 1,164 79 9
Charles S. Rushe Middle School Middle Regular 1,325 74 7
Sunlake High School High Regular 1,740 95 8

Oakstead Elementary School

  • Education Level: Primary
  • # of students: 1,164
  • # of teachers: 79
9
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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,273
Property Tax -$569
Property Insurance -$167
HOA -$25
Property Management Fees -$80
CASH FLOW
$86

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.

$345,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.23%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$38,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,243

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,025
1$2,0252$2,1003$2,2004$2,2005$2,399
$2,399
RENT COMPS ANALYSIS
  • 18840 Deer Tracks Loop Lutz, 4
    • 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 18900 Pampass Grass Ln Lutz, 1
    • 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2014
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.99
    •  
  • 1588 Weather Vane Ln Lutz, 2
    • 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 2015
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 19793 Long Lake Ranch Blvd Lutz, 3
    • 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 2016
    property image
    LEASED 05/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.04
    •  
  • 1902 Nature View Dr Lutz, 5
    • 4 beds 4 baths ∙ 2,592 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,592 Sqft ∙ Built 2015
    property image
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lisa Carroll
1.813.205.7337
Mihara & Associates Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260227
Last Updated: 08/24/2020
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