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11435 Spring Gate Trl Bradenton, FL 34211

4 Beds 3 Baths 2,431 sqft Built 2017

$452,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $185.93
  • 2 Days on Market
  • MLS # : A4486470
  • Updated Date : 12/19/2020 at 17:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,431 sqft
  • Baths : 3 full
Listing Agent

Julia Int'l Real Estate Llc

Listing Agent's Description

WOW! This gorgeous 4 bedroom 3 bath home sits on a corner lot and has great views of the water from the front of the home. The first floor has 3 large bedrooms including the Master as well as 2 full baths. This home is absolutely stunning and is perfect! As you walk through the front door you are greeted by tall ceilings and nice foyer. Look to your right and you will see a game/poker room that also may be used as a media room, or Den/Office. The kitchen space is open to the dining area and living room. The kitchen offers plenty of espresso stained cabinetry and stainless appliances. The breakfast bar is a nice touch and adds to the ambience of entertaining. The dining space is right off the kitchen area and opens into the living space. The lanai is large and is finished off with pavers. It leads to a huge partially fenced in backyard. The Master bedroom is quite spacious with plenty of light and offers a large walk in closet. Relax as you soak in the large master bath garden tub. An upstairs loft area offers a huge bonus/living area, large storage room, a 4th bedroom and 3/4 bath for complete privacy. It truly is a nice getaway from the main areas of the home. Harmony Community is a gated community in Lakewood Ranch offering a community pool, playground, clubhouse and fitness area.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Lakewood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $112k465k

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

Neighborhood: Lakewood Ranch

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21400160018002000220024002600Rent in $12942774

* 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
 

$406,800$497,200$452,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,668
Property Tax -$544
Property Insurance -$185
HOA -$229
Property Management Fees -$129
CASH FLOW
-$35

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.

$452,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 2.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,530

INVESTMENT

$125,530

Down Payment
$113,000
Rehab Estimate
$5,750
Closing Costs
$6,780

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,668

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,000
Loan Amount $339,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$29,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,650

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5503$2,6504$2,7205$2,800
$2,800
RENT COMPS ANALYSIS
  • 11435 Spring Gate Trl Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.12
    •  
  • 9754 53rd Dr E Bradenton, FL 1
    • 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
  • 12084 Longview Lake Cir Bradenton, FL 2
    • 3 beds 3 baths ∙ 2,568 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,568 Sqft ∙ Built 2014
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.99
    •  
  • 12014 Forest Park Cir Lakewood Ranch, FL 3
    • 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2014
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.14
    •  
  • 10228 Loch Lomond Dr Bradenton, FL 5
    • 3 beds 4 baths ∙ 2,481 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,481 Sqft ∙ Built 2015
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.13
    •  
PROPERTY LISTING DETAILS
Julie Woodard
1.941.468.2323
Julia Int'l Real Estate Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4486470
Last Updated: 12/19/2020
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