Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11244 White Rock Ter Bradenton, FL 34211

3 Beds 2 Baths 1,482 sqft Built 2012

$350,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $236.17
  • 7 Days on Market
  • MLS # : A4482224
  • Updated Date : 10/29/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,482 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Don't miss this Perfect 3 BR, 2 BA Pool home! Extraordinary Private Lake View - one of the best lots in Central Park! Cul-de-sac street too! Beautiful Ceramic tile throughout the entire house. Generous Great rm with tray ceiling with crown molding, recessed lights, new ceiling fan and surround sound. Kitchen offers custom staggered cabinets with lg. pot & pan drawers and pull out drawers. Also new ceiling fan, breakfast bar, gas stove, new french dr refrigerator, new D/W, new disposal, pendant lights, new tile backsplash, reverse osmosis system and breakfast nook. Open Den area could be used as a dining rm. Retire to your MBR suite which overlooks lake and has pool access. You also have a walkin closet, ceil. fan, dual sinks, touch screen backlit mirror in bath and tiled shower with rain shower head. 2 more spacious BRs with tile floors and fans. Laundry rm includes custom cabinetry with counter, backsplash and Samsung Washer and Dryer w/steam function. Incredible upgrades throughout this house such as water softener system, new Ring System, USB outlets, interior freshly painted, new lighting and more! Relax by your salt water pool and enjoy the serenity and peace of this lovely lake and preserve view. Wonderful privacy. Just across the street is a gazebo overlooking another lake. You'll love this gated community with parks, tennis, 2 dog parks, playground, splash pad, concession stand, covered pavilion, sports fields, social events and clubs and trails. Close to Anna Maria Island's beautiful beaches, downtown Lakewood Ranch and Sarasota, I75, UTC mall, plenty of shopping and restaurants, Tampa and St. Petersburg and airports! Welcome to Paradise! Note: CDD in taxes.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Central Park at Lakewood Ranch

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $112k441k

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

Neighborhood: Central Park at Lakewood Ranch

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
Gullett Elementary School Primary Regular 673 41 8
Nolan Middle School Middle Regular 1,130 60 7
Lakewood Ranch High School High Regular 2,299 95 7

Gullett Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 41
8
GreatSchools Rating

Nolan Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 60
7
GreatSchools Rating

Lakewood Ranch High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,291
Property Tax -$409
Property Insurance -$127
HOA -$129
Property Management Fees -$80
CASH FLOW
-$97

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.

$350,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$16,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $1,934

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9003$1,9004$1,9405$2,200
$2,200
RENT COMPS ANALYSIS
  • 11244 White Rock Ter Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.31
    •  
  • 4918 Newport News Cir Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2011
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.26
    •  
  • 5005 Torrey Pines Run Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2012
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.21
    •  
  • 4926 Newport News Cir Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2011
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.28
    •  
  • 11324 White Rock Ter Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2010
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.47
    •  
PROPERTY LISTING DETAILS
Shelley Gentile
1.941.932.1795
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4482224
Last Updated: 10/29/2020
BESbswy