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19412 Sandy Springs Cir Lutz, FL 33558

4 Beds 3 Baths 2,060 sqft Built 2002

INVESTimate

$362,000

List Price

$1,990

$1,791 - $2,189

Rent Est.

$377,095  ( +4.17%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $175.73
  • 9 Days on Market
  • MLS # : T3259920
  • Updated Date : 08/19/2020 at 12:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,060 sqft
  • Baths : 3 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

TOP RATED SCHOOL DISTRICT! THIS GORGEOUS HOME IS LOCATED ON A PRIME GOLF COURSE LOT IN HIGHLY DESIRABLE GATED COMMUNITY OF HERITAGE HARBOR. Located just 2 miles from the Veterans Expressway, this community boasts an 18-hole golf course, driving range, resort style community pool with waterslide and party pavilion, restaurant, exercise room, club house, clay tennis courts, basketball courts, roller hockey rink, and tot lot. Completely remodeled from top to bottom this home has 4 bedrooms and 3 full bathrooms. The kitchen is a dream with high quality white shaker cabinets complete with soft close doors, drawers for maximized storage and designer handles, beautiful quartz countertops, and all new stainless-steel appliances. All bathrooms have a designer touch with brand new vanities, toilets, glass shower doors or enclosures and beautiful tile. The floorplan has been designed to be open with the kitchen overlooking the living room. Sit outside on your extended enclosed / covered patio and watch the golfers go by. Other key items include New roof 2019, New AC 2018 and the list goes on… Don’t miss on the opportunity to call this home yours!

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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

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
 

$325,800$398,200$362,000

PURCHASE PRICE

$1,791$2,189$1,990

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,336
Property Tax -$457
Property Insurance -$156
HOA -$115
Property Management Fees -$80
CASH FLOW
-$154

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.

$362,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.17%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,680

INVESTMENT

$101,680

Down Payment
$90,500
Rehab Estimate
$5,750
Closing Costs
$5,430

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,336

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,500
Loan Amount $271,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$15,898

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,039

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$1,9953$2,0454$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 19412 Sandy Springs Cir Lutz, 1
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.97
    •  
  • 19250 Fishermans Bend Dr Lutz, 2
    • 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, 3
    • 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, 4
    • 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, 5
    • 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
Robert Mcdugald
1.727.409.3368
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3259920
Last Updated: 08/19/2020
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