Rank #7CondoCash Flow: -$960/mo

3 bed / 2 bath · Lutz

Lutz, FL 33549 · Address on request · Lutz

Welcome home to in the desirable Hammocks community of Lutz, where comfort, convenience, and Florida living come together beautifully. From the moment you arrive, you'll appreciate the inviting atmosphere of this beautifully maintained home, featuring a **private attached one-car garage** and a thoughtfully designed floor plan that offers the perfect blend of comfort, functionality, and effortless entertaining. The bright, open living areas flow seamlessly into the kitchen, creating the perfect gathering space for family and friends. Generously sized bedrooms provide privacy and comfort, while the owner's suite offers a relaxing retreat at the end of the day. Step outside to enjoy your own private outdoor living space—Step outside to your screened balcony, the perfect place to savor your morning coffee, unwind with an evening cocktail, or simply relax in the refreshing Florida breeze while taking in filtered views of Lake Bird through the trees and enjoying the sights and sounds of Florida's abundant native wildlife that calls this peaceful setting home. Residents of The Hammocks enjoy a welcoming community atmosphere with access to Lake Bird which has a community dock and boat ramp. The fitness center and swimming pool are a convenient luxury! Heron Cove is gated and offers beautiful, natural surroundings with easy access to everything that makes the Lutz area so desirable. Located just minutes from shopping, restaurants, medical facilities, parks, and major commuter routes including I-275 and I-75, you'll enjoy convenient access to downtown Tampa, Tampa International Airport, the University of South Florida, Moffitt Cancer Center, AdventHealth, and some of the area's top entertainment and recreation. Whether you're searching for your first home, a low-maintenance lifestyle, or a smart investment opportunity, offers the perfect combination of location, lifestyle, and value. Schedule your private showing today and discover why so many buyers love calling The Hammocks home

Imputed from peer data: zestimate est.

Ask: $250,000
Offer: $244,932
Rent: n/a
Cash flow: -$960/mo
After debt (50% dn): -$1,775/mo
Mortgage (50% dn): $815/mo
Tax: $377/mo
HOA: $375/mo
Insurance: $208/mo
Beds / baths: 3 / 2
Sqft: 1,782
Year built: 2006
Lot: 773 sqft

Money Models

Summary of the various models

These numbers use a simple setup: you put half the price down and keep the property for 10 years. Each card is a different guess about how fast prices rise.

Cash left each month (half down)

-$1,775/mo

Rent minus taxes, HOA, insurance, and the mortgage. That’s about -17.4% a year on the money you put in.

If you pay all cash

-$960/mo

No mortgage payment. About -4.7% a year on the full purchase price.

Like the last 10 years

Uses how fast this type of property grew in Tampa over the past 10 years.

Worth in 10 years: $474,166
Rent leftovers stacked: -$212,972
Rent + price growth: $33,636

Slow growth

Assumes prices go up slowly. Safer / more careful guess.

Worth in 10 years: $270,557
Rent leftovers stacked: -$212,972
Rent + price growth: -$169,972

Normal growth

A middle-of-the-road guess for the next several years.

Worth in 10 years: $329,168
Rent leftovers stacked: -$212,972
Rent + price growth: -$111,361

Fast growth

Assumes a strong market. Good case, not a promise.

Worth in 10 years: $418,379
Rent leftovers stacked: -$212,972
Rent + price growth: -$22,150

The sections below let you move the down payment and the years if you want. You already have the picture if you stop here.

Model 1

Cash-on-cash (your yearly paycheck %)

What is this in plain English?

Imagine you put some money down to buy the house. Every month, tenants pay rent. After you pay taxes, HOA, insurance, and the mortgage, whatever cash is left is your “paycheck” from the property.

Cash-on-cash answers: “If I put in $X, what % of that do I get back each year in leftover cash?” Example: put in $100,000 and get $8,000/year left over → 8% cash-on-cash.

Move the slider to change how much you put down (1% = mostly borrowed, 100% = you pay all cash and have no mortgage payment).

If you pay all cash

-4.7%

You keep about -$960/mo every month after bills

With this down payment

-17.4%

50% down = $122,466 of your money

Cash left each month

-$1,775/mo

After also paying the $815/mo mortgage

How much do you put down?50% · $122,466 · bank loan $122,466

1% down50%100% all cash

Open mortgage calculator with these numbers →

Model 2

Price growth (will the property be worth more?)

What is this in plain English?

Houses (and land) often cost more years later than they do today. That rise in price is called appreciation.

This model guesses: “If prices grow like ___, what is this property worth after 1 to 15 years?” It also tracks how much of the loan you’ve paid off, so you can see your equity (value minus what’s still owed to the bank).

Pick a growth speed below, then slide how many years you plan to hold. These are scenarios — not guarantees.

Modeled at ~72% of Tampa SFH HPI YoY (condos typically lag detached in this cycle). Forward rates discounted vs SFH.

Last 1 year avg growth

-0.6% / yr

Last 5 years avg growth

7.5% / yr

Last 10 years avg growth

6.8% / yr

A middle-of-the-road guess for the next several years. Using 3.0% growth per year.

How many years do you keep it?10 years

1 yr8 yr15 yr

Estimated value then

$329,168

Your equity

$224,077

Still owe bank $105,091

Profit vs cash you put in

-$111,361

Includes rent leftover + price growth

Avg return per year

-21.3%

0.09× your cash back

Recent yearly price changes · Condo

Model 3

Total return (rent + price growth together)

What is this in plain English?

Real estate can pay you in two ways at the same time:

Rent leftovers (like a dividend) — cash you collect each year after bills and the mortgage.
Price growth — the property becoming worth more than what you still owe, so your equity grows.

This model adds both over the years you chose above. That combined number is your estimated total return. Uses the same down payment and growth scenario from Models 1 and 2.

From rent (dividends)

-$212,972

10 years of leftover cash stacked up

From price growth

$101,611

Equity today minus the cash you put in

Total return

-$111,361

On $122,466 cash in · -21.3%/yr avg

Where the money comes from (year 10)

Rent leftoversPrice growth

Year	Rent stacked	Equity gain	Total return	Avg / yr
1	-$21,297	$8,592	-$12,705	-10.4%
2	-$42,594	$17,494	-$25,100	-10.8%
3	-$63,892	$26,720	-$37,172	-11.4%
4	-$85,189	$36,283	-$48,906	-12.0%
5	-$106,486	$46,198	-$60,288	-12.7%
6	-$127,783	$56,480	-$71,303	-13.5%
7	-$149,081	$67,145	-$81,936	-14.6%
8	-$170,378	$78,210	-$92,168	-16.0%
9	-$191,675	$89,692	-$101,983	-18.0%
10	-$212,972	$101,611	-$111,361	-21.3%
11	-$234,270	$113,986	-$120,283	-30.7%
12	-$255,567	$126,838	-$128,728	NaN%
13	-$276,864	$140,189	-$136,675	NaN%
14	-$298,161	$154,062	-$144,099	NaN%
15	-$319,458	$168,482	-$150,976	NaN%

Tip: change the down-payment slider in Model 1 and the years / growth buttons in Model 2 — this total-return table updates automatically.

Lutz · Greater Tampa