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19222 Sea Mist Ln Lutz, FL 33558

3 Beds 2 Baths 2,176 sqft Built 2001

$310,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $142.46
  • 2 Days on Market
  • MLS # : T3284953
  • Updated Date : 01/23/2021 at 14:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,176 sqft
  • Baths : 2 full
Listing Agent

People's Choice Realty Svc Llc

Listing Agent's Description

Great opportunity to own this well maintained home. This bungalow style is a rare gem in Sea Cove. The Key West style home has 3 bedrooms and 2 bathrooms. It boasts a large family room with high ceilings giving the room a great open feel. The formal lounge/living room is at the front of the house with dining room. The home is on a corner lot with views from the back lanai to the golf course. The attached 2 car garage has plenty of parking space in front of it too! The property is priced to sell - to take into consideration upgrades required. The water heater is less than 6 months old and the AC 2011 all in good working order. This home will sell fast! One of the nicest features about Sea Cove area is that for a HOA fee of $215/month, all yard maintenance is provided which includes mulching once a year, weeding, tree trimming and general clean up. Heritage Harbor has great amenities including golf, resort style pool, playground, clay tennis courts, basketball, roller hockey rink, racquet ball, fitness center, clubhouse, restaurant and much more! It is within the school district of highly rated schools. Close by are other top other golf courses. The ideal location for easy access to the Veteran's Expressway, and the airport. Make an appointment to see this fantastic home today! More pictures of the inside to follow.

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: Heritage Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k434k

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

Neighborhood: Heritage Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052546

* 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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,077
Property Tax -$557
Property Insurance -$163
HOA -$215
Property Management Fees -$129
CASH FLOW
$0

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.

$310,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,271

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,154

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0453$2,0954$2,1005$2,140
$2,140
RENT COMPS ANALYSIS
  • 19222 Sea Mist Ln Lutz, FL 5
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.98
    •  
  • 19250 Fishermans Bend Dr Lutz, FL 1
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2002
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 4513 Wild Plum Ln Lutz, FL 2
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1998
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.97
    •  
  • 19304 Sandy Springs Cir Lutz, FL 3
    • 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2002
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.00
    •  
  • 19234 Fishermans Bend Dr Lutz, FL 4
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2002
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
PROPERTY LISTING DETAILS
Ann Parker
1.813.842.4594
People's Choice Realty Svc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284953
Last Updated: 01/23/2021
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