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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $171.12
- 3 Days on Market
- MLS # : U8112817
- Updated Date : 02/20/2021 at 00:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,548 sqft
- Baths : 2 full
Listing Agent
Realty One Group Advantage
Listing Agent's Description
(Note: this home had a settlement remediation in 2011, and is FULLY INSURABLE - documentation attached) Welcome to 2376 Windsor Oaks Avenue in the peaceful Windemere community in the heart of Lutz, Florida! This desirable 1,548 square foot, 3 bedroom, 2 bath home with double car garage has a comfortable open/split floor plan which features cathedral ceilings in the family room, along with a real wood burning fireplace. The kitchen and dining room overlook the living room, which leads out to a huge rear screened lanai - perfect for entertaining family and friends! Enjoy the convenience of having multiple dining options, including an eat-in kitchen, a bar area and a formal dining room! Step into your master bedroom with en-suite bath starring a beautiful jetted soaking tub. You will appreciate the ease of having two separate sink areas in the master bath along with plenty of closet space. Upgrades include granite countertops and tile, newer roof (11/14), HVAC (8/18) and solar attic fan ***SELLER IS PROVIDING A $10,000 ALLOWANCE TO BUYERS TOWARDS UPGRADES*** Perfectly located near highly rated schools, with easy access to shopping, dining and the Interstates! All measurements are estimated and should be confirmed by the Buyer and Buyer's Agent for accuracy and suitability to the Buyer. No CDDS or HOA, however $100 per year annual fee on county taxes to contribute towards common area community maintenance. Private water/sewer. www.windemereutilities.com
SEE MORE
- 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: Windmere
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Windmere
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$334 | |
| Property Insurance | -$126 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$100
|
||
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.
$264,900
PROJECTED PRICE
$1,610
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
$75,949
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
8.42
YEARS SAVED
$29,498
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,502
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
2376 Windsor Oaks Ave Lutz, FL 3
- 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,610
- $1.04
-
1921 Cedarbrooke Dr Lutz, FL 1
- 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1982
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,499
- $1.01
-
17839 Sunrise Dr Lutz, FL 2
- 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1977
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,550
- $0.93
PROPERTY LISTING DETAILS
1.727.266.6530
Realty One Group Advantage
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8112817
Last Updated: 02/20/2021
