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2849 Maple Brook Loop Lutz, FL 33558

3 Beds 2 Baths 1,662 sqft Built 2011

INVESTimate

$297,500

List Price

$1,790

$1,611 - $1,969

Rent Est.

$310,084  ( +4.23%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2011
  • Price/Sqft : $179.00
  • 9 Days on Market
  • MLS # : T3259973
  • Updated Date : 08/18/2020 at 12:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,662 sqft
  • Baths : 2 full
Listing Agent

Florida Executive Realty

Listing Agent's Description

Must see this well maintained single family home located within the highly desirable neighborhood of Stonebrier. Located behind the gates of Sweetgrass, this popular "Riviana" plan features an open layout with 3 Bedrooms, 2 Bathrooms and a 2 Car Garage. As you enter the home, you are immediately greeted with solid surface wood laminate flooring that extends from the Foyer and throughout all Living areas and Bedrooms, 10 ft ceilings with Crown Molding, recessed lighting and neutral interior paint tones. The gourmet Kitchen features beautiful granite countertops w/ undermount sink, ample 42 in. Maple Cabinets w/ Crown Molding, stainless appliance package and closet pantry. The elegant Master Bedroom offers 2 walk-in closets, dual vanity with granite countertops and undermount sinks, Garden Tub and tiled Walk-in Shower with glass doors. The backyard space is perfect for entertaining and has a full privacy fence and a spacious 14x30 screened lanai constructed in 2017. There is a new 3 Ton HVAC system that was installed in 2019. Stonebrier is a meticulously manicured neighborhood zoned for the "A-Rated" McKitrick, Martinez and Steinbrenner HS school district. Wonderful community amenities include a zero entry pool with a water slide, fitness center, playgrounds, soccer fields and even a cricket pitch. Don’t miss out on this rare opportunity!

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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

Zip Code: 33558

ZipNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k420k

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

Zip Code: 33558

ZipNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $9052382

* 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
Mckitrick Elementary School Primary Regular 1,009 67 9
Martinez Middle School Middle Regular 1,133 59 8
Steinbrenner High School High Regular 2,329 116 8

Mckitrick Elementary School

  • Education Level: Primary
  • # of students: 1,009
  • # of teachers: 67
9
GreatSchools Rating

Martinez Middle School

  • Education Level: Middle
  • # of students: 1,133
  • # of teachers: 59
8
GreatSchools Rating

Steinbrenner High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 116
8
GreatSchools Rating
 

$267,750$327,250$297,500

PURCHASE PRICE

$1,611$1,969$1,790

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 $1,790
EXPENSES Loan Payment -$1,098
Property Tax -$387
Property Insurance -$133
HOA -$82
Property Management Fees -$80
CASH FLOW
$11

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.

$297,500

PROJECTED PRICE

$1,790

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.23%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,588

INVESTMENT

$84,588

Down Payment
$74,375
Rehab Estimate
$5,750
Closing Costs
$4,463

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,098

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,375
Loan Amount $223,125
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$26,447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8753$1,9504$1,9955$2,145
$2,145
RENT COMPS ANALYSIS
  • 2849 Maple Brook Loop Lutz, 1
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.08
    •  
  • 2815 Cypress Bowl Rd Lutz, 2
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2010
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.13
    •  
  • 19149 Cypress Green Dr Lutz, 3
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 2003
    LEASED 05/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.99
    •  
  • 4518 Perdita Ln Lutz, 4
    • 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 1999
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.06
    •  
  • 2822 Maple Brook Loop Lutz, 5
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2011
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $1.16
    •  
PROPERTY LISTING DETAILS
John Pestalozzi Jr Llc
1.813.220.0361
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3259973
Last Updated: 08/18/2020
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