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11719 Winding Woods Way Lakewood Ranch, FL 34202

4 Beds 3 Baths 2,263 sqft Built 1999

$434,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $191.78
  • 2 Days on Market
  • MLS # : A4494504
  • Updated Date : 03/20/2021 at 17:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,263 sqft
  • Baths : 3 full
Listing Agent

Ohl Llc

Listing Agent's Description

ABSOLUTE BARGAIN Beautifully detailed 4 bedroom and 3 bathroom pool house located in the hearth of Lakewood Ranch - SUMMERFIELD VILLAGE. Freshly remodeled in the mid 2019: fully remodeled patio including updated salt water pool equipment, repaved pool area, and new pool surface and cage screen. Kitchen features updated cabinets, newer premium stainless steel appliances, newer flooring in the kitchen, family room and all bedrooms. New water heater installed in 2019. New ultra quiet garage motor installed in 2020. Remodeled Master and Guest Baths. Consisting of 2,263 sq. feet of spacious living, front door entry leads to a foyer and living room. Master bath has dual sinks with up market faucets, stylish lighting, separate shower, soaking tub and walk in closet. Bedrooms are of good size and have large closets allowing for storage and organization. Home is close proximity to shopping, dining, and entertainment. Conveniently located to I-75, UTC, Costco. Summerfield Community Park in walking distance.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Summerfield Village

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k509k

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

Neighborhood: Summerfield Village

ZipNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942926

* 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
Mcneal Elementary School Primary Regular 769 48 8
Nolan Middle School Middle Regular 1,130 60 7
Lakewood Ranch High School High Regular 2,299 95 7

Mcneal Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 48
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
 

$390,600$477,400$434,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,507
Property Tax -$596
Property Insurance -$175
HOA -$8
Property Management Fees -$129
CASH FLOW
$45

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.

$434,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 5.0%
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$120,760

INVESTMENT

$120,760

Down Payment
$108,500
Rehab Estimate
$5,750
Closing Costs
$6,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,507

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,500
Loan Amount $325,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$31,222

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,523

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,3953$2,4604$2,5005$2,549
$2,549
RENT COMPS ANALYSIS
  • 11719 Winding Woods Way Lakewood Ranch, FL 3
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.09
    •  
  • 11711 Winding Woods Way Lakewood Ranch, FL 1
    • 3 beds 2 baths ∙ 2,065 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,065 Sqft ∙ Built 1999
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.01
    •  
  • 11909 Clubhouse Dr Lakewood Ranch, FL 2
    • 3 beds 2 baths ∙ 2,144 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,144 Sqft ∙ Built 1998
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.12
    •  
  • 6401 Shoal Creek Street Cir Bradenton, FL 4
    • 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 1990
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.20
    •  
  • 11706 Winding Woods Way Lakewood Ranch, FL 5
    • 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 2000
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,549
    • $1.13
    •  
PROPERTY LISTING DETAILS
William Ol
1.941.445.1841
Ohl Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4494504
Last Updated: 03/20/2021
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