The airplane sustained a loss of engine power after takeoff and impacted trees at about 1325 Eastern time during an instructional flight. Visual conditions prevailed; the Flight Instructor and the Student pilot were not injured. The airplane incurred substantial damage. A law enforcement officer responding to the accident scene reported that one of the pilots said the airplane engine lost power at about 300 feet after a routine touch and go landing. The pilots attempted to land on a road and impacted into trees, separating the left wing before crashing into a structure.