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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Central Park at Lakewood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
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
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- $2,200
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PROPERTY LISTING DETAILS
1.941.932.1795
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4482224
Last Updated: 10/29/2020
