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4232 Harbor Lake Dr Lutz, FL 33558

3 Beds 2 Baths 2,011 sqft Built 2000

$330,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $164.10
  • 3 Days on Market
  • MLS # : T3280190
  • Updated Date : 12/12/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,011 sqft
  • Baths : 2 full
Listing Agent

Re/max Dynamic

Listing Agent's Description

Welcome to the resort-style community of Heritage Harbor! This gorgeous 3br/2ba/2cg + POOL home sits on a pristine CONSERVATION LOT with views of the GOLF COURSE! Heritage Harbor not only offers amazing amenities, but it is also located in the coveted McKitrick, Martinez, and Steinbrenner school district. The home itself showcases 2011SF of living space with beautiful appointments throughout including; attractive WOOD laminate flooring, CROWN MOLDING, French doors, and wainscoting. The UPGRADED kitchen boasts white cabinetry, stone countertops, a breakfast bar, and STAINLESS STEEL appliances. The sun-splashed master retreat includes access to the pool/lanai, a WALK-IN CLOSET, and a private en suite bath with double sinks, a garden tub, and separate shower. The formal living room and dining room off the foyer are closed off with French doors and would make the perfect space for a home office or virtual learning spot! Additional bonuses include; spacious 2 car garage with tons of storage, irrigation system, and indoor laundry room. The outdoor living space is perfect for those who love to entertain with custom POOL, huge deck, and screened lanai. Heritage Harbor amenities include; golf, resort style pool, playground, clay tennis courts, basketball, roller hockey rink, racquet ball, fitness center, clubhouse, restaurant, security, and much more! Just down the road are highly rated schools, 2 other golf courses, the Veteran's Expressway for quick commute to Downtown Tampa and airport, and close by you will find great restaurants and lots of shopping! Like resort style living? Then you'll love living in Heritage Harbor! Make an appointment to see this fantastic home today!

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: Heritage Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k434k

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

Neighborhood: Heritage Harbor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052546

* 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,218
Property Tax -$417
Property Insurance -$153
HOA -$115
Property Management Fees -$129
CASH FLOW
$99

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.

$330,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.2%
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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$39,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,991

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0453$2,0954$2,1005$2,130
$2,130
RENT COMPS ANALYSIS
  • 4232 Harbor Lake Dr Lutz, FL 5
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $1.06
    •  
  • 19250 Fishermans Bend Dr Lutz, FL 1
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2002
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 4513 Wild Plum Ln Lutz, FL 2
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1998
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.97
    •  
  • 19304 Sandy Springs Cir Lutz, FL 3
    • 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2002
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.00
    •  
  • 19234 Fishermans Bend Dr Lutz, FL 4
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2002
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
PROPERTY LISTING DETAILS
Andrew Duncan
1.813.501.3939
Re/max Dynamic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280190
Last Updated: 12/12/2020
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