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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $150.77
- 4 Days on Market
- MLS # : T3282680
- Updated Date : 12/31/2020 at 19:05
CONSTRUCTION
- Beds : 4
- Floor Size : 1,824 sqft
- Baths : 2 full
Listing Agent
Keller Williams Tampa Prop.
Listing Agent's Description
(SOLD AS IS)This single family home is located in the Foxwood Subdivision of Lutz, on an over sized corner lot with concrete block stucco exterior walls, shingle on gable or hip roof and a screened in concrete pool with Gunite/Concrete deck. Central Air & Heat. Living room has a wood burning fire place. Home also features ceramic tile flooring in kitchen, hallways and baths, with formica countertops. Kitchen has dual sink with disposal, backsplash and painted wood cabinets. Includes Refrigerator, dishwasher, conventional oven. Indoor Utility room includes washer/dryer and water heater. Bedrooms all have spacious closet space with sliding or folding doors. Bath shower has fixtures with tiled floor and partial title covered walls. Formal Dining room and family room. Roof replacement in April 2011. 1- Car Carport in back, Two concrete driveways one in front and one in back . Storage shed for additional storage space. Flood Zone X, with a Fire Hydrant in front of the property. Short drive to shopping, dinning and Florida's Stunning Beaches, Exciting Family Fun Theme Parks and Wonderful weather. Who wouldn't want to live here? Call now to schedule a showing. (SOLD AS IS). Home may need some updating and TLC. Buyer to verify all listing and public records information before purchasing property. Monthly Income Opportunities from In Law Suite.
SEE MORE
- #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: Foxwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foxwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$307 | |
| Property Insurance | -$142 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$77
|
||
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.
$275,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
8.17
YEARS SAVED
$33,947
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,532
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
21637 Southwood Dr Lutz, FL 2
- 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1976
![property image]()
- Rent
- Rent Per SQFT
- $1,670
- $0.92
-
1151 Westwood Dr Lutz, FL 1
- 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1979
![property image]()
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,300
- $0.86
-
1637 Glen Oak Ln Lutz, FL 3
- 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1996
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,735
- $0.82
PROPERTY LISTING DETAILS
1.813.264.7754
Keller Williams Tampa Prop.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282680
Last Updated: 12/31/2020
