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$459,000

Sale Pending
4503 Lace Cascade Ct, Lutz, FL 33558
3 Beds
2 Baths
1,746 Square Feet
0.16 Acres Lot
Built in 2000
Sale Pending
1 Units
Checked: 8 hours ago
Updated: Jun 22, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$831
Cap Rate
4.1%
Cash-on-Cash Return
-9.4%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.2%

Property Description


0.16 Acres Lot
Built in 2000
Sale Pending
1 Units

Under contract-accepting backup offers. Price reduced!! Villarosa with water view. Located on a quiet cul de sac this freshly painted 3 bedroom /2 bath home with open floor plan welcomes you! A tiled foyer entrance opens to a spacious dining/kitchen/great room area. The kitchen boasts a separate breakfast roomadjoining a family room. This split bedroom plan with plenty of natural lighting features the primary bedroom/bath with water views. The remaining 2 bedrooms & bath form their own wing. An inside utility room & large 2 car garage w/ Tesla charging station complete this well designed floor plan. An immense fenced backyard with tranquil pond views make this home perfect for family get togethers & entertaining. Roof replaced in 2021, Water Heater in 2023 & AC in 2015. Villarosa with its tree lined streets is a walkable community with 7 acres of landscaping, parks, walking trails & basketball courts & is in the McKitrick, Martinez & A-Rated Steinbrenner school districts. Golf courses, shopping & medical facilities are minutes away. Conveniently located near the Suncoast Expressway w/ easy access to Tampa International Airport & Downtown Tampa w/ its sports venues & Straz Center. Come see this lovely home today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Electric Vehicle Charging Station(s), Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Greenacre Properties / Villarosa
  • HOA Fee: $219/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: U0527180HO000001000770
  • Lot Size: 7080 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2000

Tax Information

  • Annual Tax: $3,426

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Hillsborough

Listing Details


Listed by:
Sandra Stepanek
JLS INVESTMENT REALTY
(813) 758-0906

Source:
Stellar MLS
MLS#: TB8371834
Stellar MLS

Investment Summary


Monthly Cash Flow
-$831
Cap Rate
4.1%
Cash-on-Cash Return
-9.4%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.2%

Purchase Details

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Purchase price:
$459,000
Amount financed:
-$367,200
Down payment:
$91,800
Closing costs:
$13,770
Rehab costs:
$0
Initial cash invested:
$105,570
Square feet:
1,746
Cost per square foot:
$263
Monthly rent per square foot:
$1.60

Financing Details

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Loan amount:
$367,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,404
Property tax:
$286
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,886

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$286-$3,426
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (3%)
3%-$73-$876
Total operating expenses: (38%)
38%-$1,059-$12,702

Cash Flow


Monthly Yearly
Net operating income:
$1,573 $18,876
Mortgage payments:
-$2,404 -$28,848
Cash flow:
$831 $9,972