407 1st Ave NE
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Nearby Schools
Educational options and performance ratings in the area.
Lutz K-8 School
Freedom High School
Liberty Middle School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This single-family residence in Lutz, FL, presents a challenging investment profile for a conservative analyst. While the 4% appreciation rate and 3-bedroom configuration are standard for the suburban Tampa market, the financial fundamentals are weak. With a monthly cash flow of -$439.67, the investor is essentially subsidizing the property’s mortgage and operating expenses by over $5,000 annually. A rental yield of 4.87% is insufficient to cover current financing costs and maintenance reserves in a high-interest environment. Without a significant price reduction or a substantial down payment to offset negative leverage, this asset represents a drain on liquidity rather than a wealth-generating vehicle.
- • Strong demand for 3-bedroom suburban homes in the Lutz/Tampa area
- • Consistent historical appreciation rate of 4% annually
- • Functional 1,726 sqft layout attractive to long-term family tenants
- • Significant negative monthly cash flow of -$439.67 requiring external funding
- • Rental yield of 4.87% is below current cost of capital and mortgage rates
- • Negative leverage situation where debt service exceeds net operating income
- • High entry price relative to the current market rent levels
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-10 | Listed for sale | $439,900 | $255 |
| 2022-04-05 | Sold | $430,000 | $249 |
| 2022-03-08 | Pending sale | $430,000 | $249 |
| 2022-03-02 | Listed for sale | $430,000 | $249 |
| 2000-10-26 | Sold | $119,000 | $69 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $7,006.55 | $371,596 |
| 2023 | $7,077.05 | $376,824 |
| 2022 | $2,665.1 | $169,601 |
| 2021 | $2,039.07 | $131,749 |
| 2020 | $1,956.92 | $129,930 |
| 2019 | $1,867.24 | $127,009 |
| 2018 | $1,867.24 | $124,641 |
| 2017 | $1,814.65 | $143,613 |
| 2016 | $1,781.17 | $119,566 |
| 2015 | $1,753.62 | $118,735 |
| 2014 | $1,747.04 | $117,793 |
| 2013 | $1,747.04 | $117,539 |
| 2012 | $1,765.43 | $115,574 |
| 2011 | $1,811.36 | $117,659 |
| 2010 | $1,908.73 | $123,358 |
| 2009 | $1,852.82 | $120,456 |
| 2008 | $1,846.44 | $120,336 |
| 2007 | $2,050.5 | $116,831 |
| 2006 | $2,144.9 | $113,981 |
| 2005 | $2,136 | $110,661 |
| 2004 | $1,972.45 | $104,593 |
| 2003 | $925.59 | $102,643 |
| 2002 | $0 | $100,237 |
| 2001 | $0 | $98,658 |
| 2000 | $1,379.19 | $78,490 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $16,883/yr
On $101,177 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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