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19335 Aqua Springs Dr Lutz, FL 33558

6 Beds 3 Baths 2,960 sqft Built 1998

$429,900

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $145.24
  • 5 Days on Market
  • MLS # : U8111060
  • Updated Date : 02/19/2021 at 23:27
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,960 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to your spacious 6 bed, 2.5 bath home on a large, wooded end lot in the highly sought-after golf community of Heritage Harbor! Enter to your formal sitting and dining room with real hardwood floors extending through to the living room and main floor office/bedroom. Enjoy your totally remodeled (2018) open kitchen with all new cabinets, appliances, quartz counters and tile floors. The second level contains 5 bedrooms and 2 baths including the exceptionally large master suite with fully remodeled (2020) ensuite with new dual sinks and quartz counters, soaker tub and separate shower. Custom shutters installed throughout the entire house. Roof replaced in 2016, AC in 2013, entire exterior painted (2021). Heritage Harbor is located in a very desirable K-12 school district with "A" rating, golf course, huge community pool, restaurant, tennis court, fitness center and more. Near the Veterans expressway and Suncoast trail bike path. Home warranty included through First American Home Warranty. Video virtual tour: https://youtu.be/K62NlL76XzE

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,493
Property Tax -$543
Property Insurance -$209
HOA -$115
Property Management Fees -$129
CASH FLOW
$161

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.

$429,900

PROJECTED PRICE

$2,650

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

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

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$46,288

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,731

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,6503$2,7504$2,7505$3,200
$3,200
RENT COMPS ANALYSIS
  • 19335 Aqua Springs Dr Lutz, FL 2
    • 6 beds 3 baths ∙ 2,960 Sqft ∙ Built 1998 6 beds 3 baths ∙ 2,960 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.90
    •  
  • 4126 Harbor Lake Dr Lutz, FL 1
    • 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 2000
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.85
    •  
  • 19307 Aqua Springs Dr Lutz, FL 3
    • 5 beds 3 baths ∙ 2,976 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,976 Sqft ∙ Built 1999
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.92
    •  
  • 4210 Harbor Lake Dr Lutz, FL 4
    • 6 beds 3 baths ∙ 2,976 Sqft ∙ Built 1999 6 beds 3 baths ∙ 2,976 Sqft ∙ Built 1999
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.92
    •  
  • 20201 County Line Rd Lutz, FL 5
    • 6 beds 3 baths ∙ 3,200 Sqft ∙ Built 1985 6 beds 3 baths ∙ 3,200 Sqft ∙ Built 1985
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.00
    •  
PROPERTY LISTING DETAILS
Scott Stein
1.727.600.3022
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111060
Last Updated: 02/19/2021
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