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2107 Curry Rd Lutz, FL 33549

3 Beds 2 Baths 1,648 sqft Built 1985

$305,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $185.07
  • 5 Days on Market
  • MLS # : T3282558
  • Updated Date : 12/30/2020 at 17:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Central

Listing Agent's Description

Enjoy country style living on this oversized half-acre homesite with mature trees, while only minutes away from Moffitt Medical Center, Florida Hospital, University of South Florida, shopping, dining, schools, and major roadways! NO HOA! NO CDD! This home has been loved and taken care of by its original owners. This home has an abundance of possibilities with the spilt floor plan, high ceiling in family room area and enclosed back porch that is not included in living square footage. Many options with this large yard for a pool or growing your own vegetables. This is a must see.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: University

NeighborhoodNIR Market*CityMarket2010Year2000201950k100k150k200k250k300k350kPrice in $46k365k

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

Neighborhood: University

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700180019002000Rent in $6512036

* 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
Chiles Elementary School Primary Regular 847 60 9
Liberty Middle School Middle Regular 1,202 68 6
Freedom High School High Regular 2,069 103 4

Chiles Elementary School

  • Education Level: Primary
  • # of students: 847
  • # of teachers: 60
9
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 68
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,069
  • # of teachers: 103
4
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,125
Property Tax -$385
Property Insurance -$132
Property Management Fees -$129
CASH FLOW
$309

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.

$305,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 0.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$60,099

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,561

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,649
1$1,6492$1,6953$1,6994$1,7505$2,080
$2,080
RENT COMPS ANALYSIS
  • 2107 Curry Rd Lutz, FL 5
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.26
    •  
  • 2304 Towery Trl Lutz, FL 1
    • 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 1985
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.03
    •  
  • 16208 Barrineau Pl Lutz, FL 2
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 2002
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 2524 Deer Forest Dr Lutz, FL 3
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.89
    •  
  • 15914 Stags Leap Dr Lutz, FL 4
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
PROPERTY LISTING DETAILS
Leslee Coppock, Pa
1.813.865.0700
Keller Williams Tampa Central
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282558
Last Updated: 12/30/2020
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