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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $187.79
- 2 Days on Market
- MLS # : T3292798
- Updated Date : 03/06/2021 at 14:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,130 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
What more could you want from this pristine home nestled in the quiet community of Reflections in Lutz? Just this year a new roof was installed, and a beautiful outdoor patio was added (2021). This home boasts 4 bedrooms, 2 bathrooms, 2 car garage open floor plan. Immediately you'll be drawn to the homeyness of the adorable front porch and entry area. The foyer invites you into the brightness of the homes living space. A split floor plan that offers privacy to every bedroom. The homes interior features include; warm natural wood floors, plush carpet and ceramic tiles in the wet areas for functionality and comfort. You will be amazed with the the tray ceilings, two walk in closets, enormous walk-in shower, and dual sinks of the master suite. There are sliders off the dinette and living area that lead to the outdoor screened in lana,i extending your usable living space. The owners recently added a vinyl fence to enclose the back yard for your fury friends. Schedule to see this home before its gone!!* OWNER WILL REVIEW ALL OFFERS BY 3/9/2021 5PM*
SEE MORE
- 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
Neighborhood: Cheval
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cheval
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$505 | |
| Property Insurance | -$160 | |
| HOA | -$80 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$13
|
||
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.
$399,999
PROJECTED PRICE
$2,250
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.6% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $299,999 |
6.08
YEARS SAVED
$27,417
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$2,364
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
5005 Mirror Ridge Ct Lutz, FL 2
- 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,250
- $1.06
-
5025 Torrey Hills Ln Lutz, FL 1
- 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
LEASED 12/12/19- Rent
- Rent Per SQFT
- $2,100
- $1.07
-
5412 Avenal Dr Lutz, FL 3
- 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 1995
LEASED 01/10/21- Rent
- Rent Per SQFT
- $2,295
- $1.11
-
18824 Rue Loire Lutz, FL 4
- 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1992
LEASED 02/22/21- Rent
- Rent Per SQFT
- $2,295
- $1.11
-
18303 Bittern Ave Lutz, FL 5
- 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1994
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,650
- $1.15
PROPERTY LISTING DETAILS
1.813.417.5693
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3292798
Last Updated: 03/06/2021
