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19405 Golden Slipper Pl Lutz, FL 33558

3 Beds 3 Baths 2,507 sqft Built 1998

$375,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $149.58
  • 8 Days on Market
  • MLS # : T3272585
  • Updated Date : 10/28/2020 at 21:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,507 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Advantage

Listing Agent's Description

Gleaming Stained Concrete Floors bring an Unprecedented Uniqueness to this Absolutely Stunning home nestled on a tree-lined, cul-de-sac street in the highly desirable, gated village of Traditions in the Villarosa community. The entryway to this charming bungalow style home is through the cozy front porch. The beautiful stained concrete flooring runs throughout the downstairs except for the master bath. The Formal Living/Dining room combination boasts a huge bay window. The completely Upgraded Kitchen features Stainless Steel appliances, granite countertops, beautiful tile backsplash, and a spacious breakfast/snack bar overlooking the living areas. The kitchen, breakfast nook, family room, and office area combine to create a very desirable open floor plan. The casual dining area features a bay window, the office area includes a door that opens onto the lanai. The master bedroom also boasts a door to the lanai, two spacious, walk-in, custom closets, a garden tub w/separate shower, dual sink vanity, and granite counters. The upstairs is home to a huge Versatile Loft, a spacious 14’ x 15’ second bedroom, and a roomy guest bedroom with a walk-in closet. This bedroom adjoins the second bath. The bath also has a dual sink vanity and granite counters. Additional features include Volume, Cathedral and Vaulted ceilings, Architectural Arches and Niches, Transom Windows throughout the home, 6” inch baseboards, and Triple Sliding Glass Doors out to the lanai. Four unique screened panels on the lanai offer multiple ways to open it up to the backyard, either side or in the middle. This quaint, quiet village of 81 homes also features a heated, resort-style pool which is exclusive to Traditions residents. Access to basketball, tennis, and sand volleyball courts, playground, playfields, pavilion, and walking trails, is available via the Villa Rosa Community Park. Conveniently located with easy access to the Veterans Expressway/Suncoast Parkway, downtown Tampa/Channelside area, sporting venues, arts and cultural centers, entertainment, airports, and beautiful beaches are just a short drive away!!! This is One You Will Not Want to Miss!!!

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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: Villa Rosa

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: Villa Rosa

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,384
Property Tax -$473
Property Insurance -$182
HOA -$58
Property Management Fees -$80
CASH FLOW
$122

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.

$375,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 4.2%
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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$46,036

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,344

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3004$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 19405 Golden Slipper Pl Lutz, FL 3
    • 3 beds 3 baths ∙ 2,507 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,507 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
  • 4230 Harbor Lake Dr Lutz, FL 1
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2000
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 19326 Sea Mist Ln Lutz, FL 2
    • 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 2003
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 19212 Fishermans Bend Dr Lutz, FL 4
    • 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 2003
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 19111 Cherry Rose Cir Lutz, FL 5
    • 4 beds 4 baths ∙ 2,561 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,561 Sqft ∙ Built 1998
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jerry Ann Winters
1.813.909.0909
Realty One Group Advantage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3272585
Last Updated: 10/28/2020
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