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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $202.95
- 3 Days on Market
- MLS # : U8112270
- Updated Date : 02/05/2021 at 12:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,439 sqft
- Baths : 3 full
Listing Agent
Keller Williams - New Tampa
Listing Agent's Description
This Florida ranch style home surrounded by beautiful mature oak trees in Loch Devon Estates, a community of only 24 homes, has all the charm and beauty you’re looking for in a home. This 4 bedroom, 3 bathroom, den, 2439 sqft. pool home has been well maintained and cared for through the years. Upon entering the home you will notice beautiful tile flooring through out the main living areas giving this home an open and cohesive look and feel. The spacious kitchen includes plenty of cabinet storage, granite countertops, eat up bar, and eat in kitchen space, plus stainless steel appliances. The kitchen flows into the casual living space that looks over the massive paver patio and pool deck. The large master bedroom suite features a completely updated master bath with gorgeous walk in frameless glass shower and modern soaking tub. All secondary bedrooms are generously sized and add extra space for your growing family. Enjoying the outdoors and the quiet charm of this house is easily done on the large covered screened patio area complete with a heated salt water pool. The home sits on just under a half acre of land, at the end of a cul-de-sac, with a large air-conditioned workshop and smaller utility shed for all your storage needs. Located in the sought after school district of Steinbrenner High School, close to all the best shopping and dining the area has to offer, and a quick commute to the Tampa Airport and downtown, makes this home a must see. Call and schedule your showing today!
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: Lutz
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lutz
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,530 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$625 | |
| Property Insurance | -$178 | |
| HOA | -$25 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$147
|
||
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.
$495,000
PROJECTED PRICE
$2,530
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
4.58
YEARS SAVED
$23,103
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,530
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,506
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
403 Loch Devon Dr Lutz, FL 5
- 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $2,530
- $1.04
-
1239 Primwood Ln Lutz, FL 1
- 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1998
LEASED 10/18/19- Rent
- Rent Per SQFT
- $2,295
- $0.99
-
18001 Quail Ln Lutz, FL 2
- 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 1974
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,300
- $1.07
-
18855 Tracer Dr Lutz, FL 3
- 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 1971
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,300
- $0.97
-
18230 Dolly Brook Ln Lutz, FL 4
- 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1993
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,400
- $1.08
PROPERTY LISTING DETAILS
1.813.857.8060
Keller Williams - New Tampa
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8112270
Last Updated: 02/05/2021
