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12230 Hollybush Ter Lakewood Ranch, FL 34202

3 Beds 2 Baths 1,950 sqft Built 1997

$385,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $197.90
  • 2 Days on Market
  • MLS # : A4489688
  • Updated Date : 01/30/2021 at 19:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,950 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This is your chance to own a cost effective Solar single family home in sought after Lakewood Ranch. Not only do you save 56% on your electric bill you’ll have peace of mind knowing the roof and AC are only a couple years old. This home has a lot to offer and there’s many nice features. Out back you’ll find a heated saltwater pool and spa done in Pebble Tec. This 4 bedroom with a bonus room has a welcoming warm color palette along with a great floor plan. Kitchen is open to the family room , a separate dining room is between the family room and living room. A great addition is the bonus room up front off the living room. Owners suite features a large bedroom with an additional sitting area and connects to the master bathroom with his and her sinks, granite counters, and upgraded glass shower door. 2nd bath has been completely remodeled. Features include crown molding, laminate flooring, granite counters, upgraded ceiling fans and lights, newer appliances, solar cover for pool, electric awning on lanai, gas stove with convection oven, and extensive landscaping in rear of lot. No need to remove screens to clean the windows as they can be cleaned from the inside. Lakewood Ranch is one of the best master planned communities offering shopping, dining, 150 miles of trails, arts, recreation, nature and top rates schools.

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

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
 

$347,310$424,490$385,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,340
Property Tax -$530
Property Insurance -$156
HOA -$8
Property Management Fees -$129
CASH FLOW
-$152

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.

$385,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$108,014

INVESTMENT

$108,014

Down Payment
$96,475
Rehab Estimate
$5,750
Closing Costs
$5,789

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,340

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,475
Loan Amount $289,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,257

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,018

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,9954$2,0105$2,050
$2,050
RENT COMPS ANALYSIS
  • 12230 Hollybush Ter Lakewood Ranch, FL 4
    • 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.03
    •  
  • 6234 Blackberry Ln Lakewood Ranch, FL 1
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1998
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 12310 Tall Pines Way Lakewood Ranch, FL 2
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1998
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 6227 Yellowtop Dr Lakewood Ranch, FL 3
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1998
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.14
    •  
  • 12311 Tall Pines Way Lakewood Ranch, FL 5
    • 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1998
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.07
    •  
PROPERTY LISTING DETAILS
Kelly Murphy
1.941.321.6754
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4489688
Last Updated: 01/30/2021
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