1535 Waterwood Dr is a 3,408 sq ft Single Family in Lutz.
It was built in 1989. 1535 Waterwood Dr sits on 0.24 acres of land. In 2014 similar properties sold for between $159,126 and $260,386. We estimate the income value of 1535 Waterwood Dr at $132,771. The assumptions we used to calculate this value are include in the spreadsheet linked below. Lutz is in Pasco County, Florida.
1535 Waterwood Dr Property Summary
1535 Waterwood Dr
Property Size: 3,408 sq ft
Year Built: 1989
Property Class: B3
28.180, -82.425 Not Offered for Sale
This property is not currently for sale by Visulate but we may be
able to find something similar. Contact us for details.
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Visulate is a real estate brokerage based in Merrit Island, Florida.
We have assembled a database with details of every property in Florida.
Finding the property on our site does not necessarily mean it is for sale or rent at this time.
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Estimated Value: 1535 Waterwood Dr
In 2014 class A single family properties in Lutz sold for $100.94 to
589.30 per sq ft with a median price per sq ft of
$114.76. Class B properties sold for $61.68 to
100.93 per sq ft with a median of
$78.51 and class C properties sold for $10.57 to
61.67 per sq ft with a median of $54.19.
1535 Waterwood Dr appears to be a B Class property. Suggested value: $202,545
High Median Low
Income Valuation - Residential/Gross Lease
Visulate estimates the income value of this property is
Details of how we produced this estimate value appear below:
The income value of a property identifies its value as a rental property,
Value = Rent - Expenses / Cap Rate. The following table shows four different
rent estimates for 1535 Waterwood Dr:
Household Income estimate assumes the
tenant has a total household income of $130,102 and spends 32% of this on rent. The household income estimate is derived from census
data and tax records. The
Household Income - Renters estimate performs a similar calculation based
on the household income of renters rather than all households. The
Market Rents estimate evaluates this property in comparison to rental properties in the area. The
Price/Ft estimate uses the size of the property to estimate its rent.
Click on a rent value to download a spreadsheet that estimates the NOI
(net operating income), cash on cash return, income value and IRR (internal rate of return)
for this property.
Valuation Model Monthly Rent Household Income - All Households $3,469 Household Income - Renters $1,756 Market Rents $1,656 Price/Ft $2,224
Census data records show 5% of the rental properties
in this area are vacant. We've added a 5% bad dept allowance to this.
Maintenance costs are estimated based on the size of the property.
The property tax estimate uses the
average millage rate for the county. It does not include adjustments for city or unincorporated
areas. Actual taxes may vary.
Insurance estimates are based on the size and location of the
property. They are not adjusted for age, flood zone or other risk factors
We don't have a way to estimate HOA fees. These should be added manually
The following table shows a income valuation estimate for 1535 Waterwood Dr.
Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and
assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to
Monthly Rent 1,656
Annual Rent per Sq Ft 6.00
Gross Annual Rent 19,874
Vacancies and Bad Debt 10%
Vacancies and Bad Debt Amount 1,987
HOA, Utilities and CAM 0
Property Taxes 3,219
Management Fees 1,987
Cap Rate 7
Estimated Value 132,771
Edit Values and Estimate Cashflow
Save to Google Drive (Google login required)
Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.
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Local Household Income
The median household income in this part of Florida is $61,903.
The bottom 10% of the population earn less than $21,413 per year.
The top 10% earn more than $142,190 per year. The top 1%
earn more than $437,667 per year.
Most renters earn
between $29,832 (20th percentile)
and $62,076 (80th percentile) per year.
Someone earning the median household income in this area is likely to qualify for a mortgage between
The tax assessed value of this property
places it in percentile 87 of all properties in this area.
This suggests it would appeal to someone earning
around $130,102 per year who should qualify for a mortgage between
Source: US Census American Community Survey -
2008-2012 ACS 5-year PUMS estimates Local Rents
The median monthly rent in this part of Florida is $921.
Most renters earn
and $5,173 per month.
They typically spend 32% of their monthly income on rent.
Most rents fall in the $630 (20th percentile)
to $1,489 (80th percentile) range.
The residential vacancy rate is 5%.
This property falls in percentile 87 of all properties in this area. This corresponds to a rent of $1,656 per month and a monthly household income of $5,486
($65,832 per year)
1535 Waterwood Dr, Lutz, FL on Zillow
Recent Sales near 1535 Waterwood Dr, Lutz, FL on Realtor.com
1535 Waterwood Dr, Lutz, FL on Google Maps
1535 Waterwood Dr Walkscore
Lutz, FL Property Values on Trulia
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Companies near this Address
Caspar Consulting Inc.
(1640 Woodridge Ct)
Dvr Holdings LLC
(1502 Waterwood Dr)
Gamedawgs Trucking Inc
(1507 Waterwood Dr)
Just Smokin' Bbq Inc
(23618 Oakside Blvd)
Disclaimers and Disclosures
Public Records Data
The information on this page was compiled from public records.
It is deemed reliable but not guaranteed to be an accurate snapshot of the
property details at the time the snapshot was taken. All information should be independently verified.
The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.
In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.