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2532 Victarra Cir Lutz, FL 33559

4 Beds 3 Baths 2,985 sqft Built 1985

$384,999

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $128.98
  • 6 Days on Market
  • MLS # : U8106238
  • Updated Date : 12/05/2020 at 19:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,985 sqft
  • Baths : 3 full
Listing Agent

Luxury & Beach Realty Inc

Listing Agent's Description

MOVE IN READY! SPACIOUS! ROOF 2017! NEARLY 1/2 ACRE LOT! NO WATER BILL! This well maintained, unique house features 4 bedrooms including an IN-LAW SUITE and 3 FULL bathrooms. Easy access to Downtown Tampa, Airport, shopping, I-275, USF and more. VOLUNTARY HOA fee of $60(Sixty) a YEAR. NO RESTRICTIONS! LOTS of Storage space especially if you have an RV or Boat. Very spacious floor plan features combined living and dining room. LOTS of natural light, Wood burning fireplace and large enclosed back patio with outdoor kitchen area. The 4th bedroom of this home can be used as an IN-LAW SUITE and includes its own FULL bathroom and separate entrance. HUGE Backyard, LOTS of Privacy. NO CDD. There is a DEEP water well in the fenced in backyard which means NO WATER BILL! The kitchen has lots of storage space, a breakfast bar and all appliances convey, including the stove, refrigerator, dishwasher and disposal. NO Flood insurance required! SPACIOUS AND LOTS OF LIVING SPACE! Come see this great opportunity!

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: Sutton Victarra Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $91k405k

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

Neighborhood: Sutton Victarra Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052175

* 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
 

$346,499$423,499$384,999

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,420
Property Tax -$486
Property Insurance -$210
Property Management Fees -$129
CASH FLOW
-$86

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.

$384,999

PROJECTED PRICE

$2,160

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.0%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,749
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$25,333

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,179

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0953$2,1604$2,495
$2,495
RENT COMPS ANALYSIS
  • 2532 Victarra Cir Lutz, FL 3
    • 4 beds 3 baths ∙ 2,985 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,985 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.72
    •  
  • 17011 Patton Ct Lutz, FL 1
    • 4 beds 4 baths ∙ 2,980 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,980 Sqft ∙ Built 2005
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.67
    •  
  • 17129 Dillard Ct Lutz, FL 2
    • 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2005
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.72
    •  
  • 4923 Londonderry Dr Tampa, FL 4
    • 4 beds 4 baths ∙ 3,133 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,133 Sqft ∙ Built 1992
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.80
    •  
PROPERTY LISTING DETAILS
Ali Bicinciler, Jr
1.631.889.9853
Luxury & Beach Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8106238
Last Updated: 12/05/2020
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