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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summerfield Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,014
LOAN DETAILS
$1,340
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,475 |
| Loan Amount | $289,425 |
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
-
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
1.941.321.6754
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4489688
Last Updated: 01/30/2021
