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10228 Loch Lomond Dr Bradenton, FL 34211

3 Beds 4 Baths 2,481 sqft Built 2015

$469,900

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $189.40
  • 2 Days on Market
  • MLS # : A4478903
  • Updated Date : 01/02/2021 at 19:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,481 sqft
  • Baths : 3 full , 1 half
Listing Agent

Rosedale Realty Inc

Listing Agent's Description

One or more photo(s) has been virtually staged. Incredible 2500- sf “Martinique Plan” with IMPACT RESISTANT windows & doors, designer finishes, and a fabulous water view! Open great room design, tray ceilings, decorative fans & light fixtures, oversized laundry with cabinetry, whole house water softener, all situated on a maintenance-free homesite in the gated community of Rosedale Golf & CC. Large open kitchen with granite countertops, tiled backsplash, under-cabinet lighting, stainless steel appliances, and a large center island. Enjoy 3 full “On suite” bedrooms PLUS den. The spacious master suite has a "huge" walk-in closet, bath features an oversized Roman shower, dual sinks, and decorative tile Guest suites are split & private with their own baths. Expanded screened paver brick lanai with tranquil water view. The patio area has been “plumbed” for a summer kitchen too! Garage storage galore. Located in the maintenance-free neighborhood of The Links at Rosedale. This gated community boasts a full-service clubhouse, social activities, tennis, fitness, Jr. Olympic heated pool and optional golf! NO CDD FEES! Come and enjoy the Florida lifestyle...SEE REMARKS

SEE MORE

MARKET HIGHLIGHTS

  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)

PRICE & RENT TRENDS

Zip Code: 34211

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $112k441k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 34211

ZipNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Braden River Elementary School Primary Regular 672 46 6
Braden River Middle School Middle Regular 977 56 5
Lakewood Ranch High School High Regular 2,299 95 7

Braden River Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 46
6
GreatSchools Rating

Braden River Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 56
5
GreatSchools Rating

Lakewood Ranch High School

  • Education Level: High
  • # of students: 2,299
  • # of teachers: 95
7
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,734
Property Tax -$517
Property Insurance -$188
HOA -$139
Property Management Fees -$129
CASH FLOW
-$8

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$469,900

PROJECTED PRICE

$2,700

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$35,360

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,700

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,704

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,7003$2,8004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 10228 Loch Lomond Dr Bradenton, FL 2
    • 3 beds 4 baths ∙ 2,481 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,481 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.09
    •  
  • 5303 E 97th Street Cir E #0 Bradenton, FL 1
    • 3 beds 2 baths ∙ 2,228 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,228 Sqft ∙ Built 2006
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
  • 10619 Glencorse Ter Bradenton, FL 3
    • 4 beds 4 baths ∙ 2,651 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,651 Sqft ∙ Built 2013
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.06
    •  
  • 9832 Marbella Dr Bradenton, FL 4
    • 3 beds 4 baths ∙ 2,502 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,502 Sqft ∙ Built 2017
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.12
    •  
  • 8701 52nd Ave E Bradenton, FL 5
    • 3 beds 3 baths ∙ 2,601 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,601 Sqft ∙ Built 1995
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.15
    •  
PROPERTY LISTING DETAILS
Maggie Nasser
1.941.780.1006
Rosedale Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4478903
Last Updated: 01/02/2021
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