Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5304 Winhawk Way Lutz, FL 33558

4 Beds 3 Baths 2,838 sqft Built 2000

INVESTimate

$409,900

List Price

$2,540

$2,290 - $2,790

Rent Est.

$427,239  ( +4.23%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $144.43
  • 27 Days on Market
  • MLS # : T3256857
  • Updated Date : 08/20/2020 at 12:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,838 sqft
  • Baths : 3 full
Listing Agent

Tampa Suncoast Realty Inc.

Listing Agent's Description

4 bedroom 3 bath POOL home in Lakeshore Community! Some great features of this spacious home are a split formal living/dining area, large kitchen area with a island, a roomy master bedroom with its own entrance to the pool area, and a open grass area off the pool deck. The seller installed a NEW ROOF and a NEW WATER HEATER. BUYERS!!! come finish the rest of the work needed to have INSTANT EQUITY!!

SEE MORE

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

Neighborhood: Lakeshore Estates of Hillsborough

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k522k

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

Neighborhood: Lakeshore Estates of Hillsborough

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9052902

* 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
 

$368,910$450,890$409,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,512
Property Tax -$538
Property Insurance -$202
HOA -$50
Property Management Fees -$80
CASH FLOW
$158

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.

$409,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.62%

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$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$53,626

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,658

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,5403$2,7004$2,900
$2,900
RENT COMPS ANALYSIS
  • 5304 Winhawk Way Lutz, 2
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.89
    •  
  • 4913 Rockledge Cir Tampa, 1
    • 5 beds 3 baths ∙ 2,491 Sqft ∙ Built 1983 5 beds 3 baths ∙ 2,491 Sqft ∙ Built 1983
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
  • 6908 Arabian Rd Odessa, 3
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 1994
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.04
    •  
  • 15532 Lake Bella Vista Dr Tampa, 4
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2003
    property image
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.97
    •  
PROPERTY LISTING DETAILS
Michelle Ziglar
1.813.679.5629
Tampa Suncoast Realty Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3256857
Last Updated: 08/20/2020
BESbswy