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22632 Saint Thomas Cir Lutz, FL 33549

4 Beds 2 Baths 1,438 sqft Built 1998

INVESTimate

$269,500

List Price

$1,560

$1,404 - $1,716

Rent Est.

$284,430  ( +5.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $187.41
  • 3 Days on Market
  • MLS # : T3261222
  • Updated Date : 08/25/2020 at 04:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,438 sqft
  • Baths : 2 full
Listing Agent

Star Bay Realty Corp.

Listing Agent's Description

WELCOME HOME! This charming 4 bedroom, 2 bath home is centrally located in the Lutz community of Willow Pointe - on a corner lot, that is fully fenced! This home has tons of upgrades starting with the NEW ROOF which was installed in 2018, and the AC that was updated in 2018 as well. On the first floor you will find newly installed waterproof vinyl flooring, brand new 7" baseboards, new door trim and crown molding. The Owner's Suite is located on the main floor, with three guest bedrooms upstairs easily allowing family members, or guests, to have their own space. The stairs have been remodeled with new waterproof flooring as well - and FRESH NEW PAINT all through out the home. You will greatly enjoy the florida room/sunroom great for entertaining guests, and a large backyard that is fully fenced. Conveniently located near Dale Mabry Hwy, and I-75, and within minutes to new restaurants, Tampa Premium Outlets and Wiregrass Mall. Schedule your showing now!

SEE MORE

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: Willow Bend

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k367k

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

Neighborhood: Willow Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052224

* 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
Lake Myrtle Elementary School Primary Regular 665 48 6
Charles S. Rushe Middle School Middle Regular 1,325 74 7
Sunlake High School High Regular 1,740 95 8

Lake Myrtle Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 48
6
GreatSchools Rating

Charles S. Rushe Middle School

  • Education Level: Middle
  • # of students: 1,325
  • # of teachers: 74
7
GreatSchools Rating

Sunlake High School

  • Education Level: High
  • # of students: 1,740
  • # of teachers: 95
8
GreatSchools Rating
 

$242,550$296,450$269,500

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$994
Property Tax -$301
Property Insurance -$120
HOA -$41
Property Management Fees -$80
CASH FLOW
$25

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.

$269,500

PROJECTED PRICE

$1,560

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.54%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,168

INVESTMENT

$77,168

Down Payment
$67,375
Rehab Estimate
$5,750
Closing Costs
$4,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$994

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,375
Loan Amount $202,125
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$26,718

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,585

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,4953$1,4994$1,5605$1,650
$1,650
RENT COMPS ANALYSIS
  • 22632 Saint Thomas Cir Lutz, 4
    • 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,438 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.08
    •  
  • 22770 Penny Loop Land O Lakes, 1
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 1984
    property image
    LEASED 03/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.12
    •  
  • 22447 Crows Nest Ct Lutz, 2
    • 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1999
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.13
    •  
  • 2628 Kristi Ct Land O Lakes, 3
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1979
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.03
    •  
  • 21642 Wytheville Way Lutz, 5
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1995
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.13
    •  
PROPERTY LISTING DETAILS
Stephany Quintana
1.813.517.6077
Star Bay Realty Corp.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261222
Last Updated: 08/25/2020
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