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5005 Torrey Hills Ln Lutz, FL 33558

4 Beds 2 Baths 2,256 sqft Built 2003

$410,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $181.74
  • 4 Days on Market
  • MLS # : T3292150
  • Updated Date : 02/25/2021 at 10:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,256 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty South Tampa

Listing Agent's Description

A beautiful 4 bedroom 2 bathroom home in a quintessential Lutz community! This contemporary Craftsman home is settled back on a quiet tree lined cul-de-sac in the sought-after Steinbrenner High School District. A new roof, fresh exterior paint, and even a new A/C unit are just a few of the perks to come with this home! You’ll be greeted by the charming covered front porch and through the front door you’re drawn into the home’s gorgeous formal dining room complete with a beautiful millwork accent wall and archway that connects this space with the home’s great room. The heart of this home is no doubt its beautiful open kitchen complete with stainless steel appliances and sunlit breakfast area. Throughout the home you’ll find custom details like crown molding, built-ins and beautiful light fixtures that elevate each space. This open floor plan with the kitchen flowing into the main living space feels spacious yet welcoming. A true highlight of this home is it’s master suite. Beautiful ceiling detail, walk-in closets, and an en-suite bathroom make this master a true sanctuary. The master bath includes double sinks and a large walk-in shower. Just off the main living space is the screened lanai with a pool-table that stays! This space is perfect for indoor/outdoor Florida living. This home, on a quiet cul-de-sac with views of the neighboring horse pasture is a rare find! Located in the desirable Reflections community with amenities like a playground just next door and a beautiful community pool, this home is an exciting opportunity!

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Cheval

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k426k

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

Neighborhood: Cheval

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052420

* 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
Schwarzkopf Elementary School Primary Regular 639 49 8
Martinez Middle School Middle Regular 1,133 59 8
Steinbrenner High School High Regular 2,329 116 8

Schwarzkopf Elementary School

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 49
8
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
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,424
Property Tax -$518
Property Insurance -$168
HOA -$80
Property Management Fees -$129
CASH FLOW
-$18

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.

$410,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$27,667

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,465

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2953$2,3004$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 5005 Torrey Hills Ln Lutz, FL 3
    • 4 beds 2 baths ∙ 2,256 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,256 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 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 2
    • 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
    •  
  • 18716 Chopin Dr Lutz, FL 4
    • 5 beds 3 baths ∙ 2,510 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,510 Sqft ∙ Built 2002
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.04
    •  
  • 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
Robbie Henderson, Iii
1.813.931.5000
Keller Williams Realty South Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292150
Last Updated: 02/25/2021
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