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5522 Terrain De Golf Dr Lutz, FL 33558

3 Beds 2 Baths 1,483 sqft Built 1999

$299,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $202.23
  • 2 Days on Market
  • MLS # : T3279115
  • Updated Date : 12/05/2020 at 19:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,483 sqft
  • Baths : 2 full
Listing Agent

Signature Realty Associates

Listing Agent's Description

The perfect place to call your home! Situated in highly sought after gated community of Cheval! Low HOA!! New roof 2019. Infinity A/C apx 4 years old. Freshly painted outside! Home features great open floor plan with 1,483 sq ft of luxurious living space! Spacious kitchen with granite countertops, breakfast bar and plenty of eat in space. Kitchen opens up to large great room with wood flooring. Slider to large covered screened oversized lanai, great for entertaining. Large master suite with his & hers vanity area at master bath, huge walk in closet and marble flooring. This home is a must see! Tons of community amenities, pool, sports courts, restaurant, golf course, fitness (membership fee's apply for Cheval amenities & golf). Minutes to Veterans!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Cheval West

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: Cheval West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052692

* 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,107
Property Tax -$379
Property Insurance -$122
HOA -$11
Property Management Fees -$129
CASH FLOW
-$47

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$299,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,087

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,698

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8504$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 5522 Terrain De Golf Dr Lutz, FL 1
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.15
    •  
  • 5513 Terrain De Golf Dr Lutz, FL 2
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1998
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.18
    •  
  • 19407 Morden Blush Dr Lutz, FL 3
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1999
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
  • 1022 Torreya Way Odessa, FL 4
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2003
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.10
    •  
  • 19130 Cherry Rose Cir Lutz, FL 5
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1997
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.20
    •  
PROPERTY LISTING DETAILS
Christina Barone
1.813.689.3115
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279115
Last Updated: 12/05/2020
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