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

12741 Coastal Breeze Way Bradenton, FL 34211

3 Beds 2 Baths 1,766 sqft Built 2019

$399,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $225.93
  • 2 Days on Market
  • MLS # : A4485438
  • Updated Date : 12/12/2020 at 12:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 2 full
Listing Agent

Bright Realty

Listing Agent's Description

If easy Florida living with a WOW view is what you are looking for, come and live the resort lifestyle in this beautiful 3 bedroom, 2 bath and a den, open floorplan home located within the village of Indigo in fabulous Lakewood Ranch. Upgrades abound throughout the entire house! A wonderful kitchen with quartz countertops, GE gas appliance suite, walk in pantry and a tasteful backsplash makes cooking a breeze! Luxury vinyl flooring and tile surfaces are perfect for durability and pets alike. Ceiling fans, window treatments and modern lighting fixtures in all of the rooms make your move super easy. The view of the lake from the patio and great room is one of the best in the community. Glass French doors welcome you to the study in the entranceway. The spacious 2 car garage already has the non-slip flooring installed. Indigo is a gated, landscape maintenance free community with a host of amenities. These include a resort style community pool, spa, fitness center with movement studio, pickleball courts, bocce ball and a gathering room with catering style kitchen and community activity center & Director. Parents will love the proximity to A rated schools. The minute you walk through the front door you will say “welcome home”. Call today for a showing, this home will not be on the market for long.

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: 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
Haile Middle School Middle Regular 1,068 56 6
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

Haile Middle School

  • Education Level: Middle
  • # of students: 1,068
  • # of teachers: 56
6
GreatSchools Rating

Lakewood Ranch High School

  • Education Level: High
  • # of students: 2,299
  • # of teachers: 95
7
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,472
Property Tax -$439
Property Insurance -$144
HOA -$190
Property Management Fees -$129
CASH FLOW
-$175

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$399,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.55%

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) 3.00%
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$0.0$5.0k$10k$15k

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$107,735

INVESTMENT

$107,735

Down Payment
$99,750
Rehab Estimate
$2,000
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,572

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,203

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,1953$2,2004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 12741 Coastal Breeze Way Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.25
    •  
  • 11928 Forest Park Cir Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2012
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.26
    •  
  • 12256 Longview Lake Cir Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2014
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.18
    •  
  • 4220 Azurite Way Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 2015
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.32
    •  
  • 4920 Kincaid Park Ln Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2013
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.23
    •  
PROPERTY LISTING DETAILS
Hal Dearing
1.941.726.4136
Bright Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4485438
Last Updated: 12/12/2020
BESbswy