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2501 Bordeaux Way Lutz, FL 33559

4 Beds 3 Baths 2,195 sqft Built 1981

$364,900

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $166.24
  • 5 Days on Market
  • MLS # : T3277878
  • Updated Date : 11/27/2020 at 09:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,195 sqft
  • Baths : 3 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Great opportunity to own a pool home with a mother-in-law suit! The main house has 3 bedrooms, 2 baths, and a two car garage. The mother-in-law suit in the back yard has a private garage, 1 bedroom, 1 bath, living space, and kitchen! Call today for an appointment! This one will not last!

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: Lutz

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k432k

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

Neighborhood: Lutz

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052166

* 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
Lutz Preparatory K-8 Primary Regular 635 48 6
Liberty Middle School Middle Regular 1,202 68 6
Freedom High School High Regular 2,069 103 4

Lutz Preparatory K-8

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 48
6
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
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,346
Property Tax -$496
Property Insurance -$164
Property Management Fees -$80
CASH FLOW
$84

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.

$364,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,346

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$41,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,146

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,1703$2,2504$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 2501 Bordeaux Way Lutz, FL 2
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.99
    •  
  • 2218 Groveland Dr Lutz, FL 1
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1987
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.97
    •  
  • 22610 Magnolia Trace Blvd Lutz, FL 3
    • 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 1998
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.98
    •  
  • 1239 Primwood Ln Lutz, FL 4
    • 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1998
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.99
    •  
  • 18855 Tracer Dr Lutz, FL 5
    • 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 1971
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
PROPERTY LISTING DETAILS
Ryan Sack
1.813.351.9598
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277878
Last Updated: 11/27/2020
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