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12757 Coastal Breeze Way Bradenton, FL 34211

3 Beds 2 Baths 1,421 sqft Built 2019

INVESTimate

$299,000

List Price

$1,850

$1,665 - $2,035

Rent Est.

$306,894  ( +2.64%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $210.42
  • 3 Days on Market
  • MLS # : A4475975
  • Updated Date : 08/24/2020 at 22:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,421 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Lowest Price In Indigo!! Welcome to the GATED premier resort and lifestyle community of INDIGO! Fantastic location Close to restaurants, schools, shopping, grocery stores etc and easy access to the interstate. Check out our beautiful amenities ctr w/kitchen, state of the art fitness ctr, resort style community pool, pickle ball courts, and on site lifestyle director all located less than a block away!!! Then step inside this Neal built "Valiant" floor plan that includes 3 bedrooms and 2 baths with engineered hard wood floors, stainless steel appliances, upgraded cabinets, lighting and ceiling fans. The low HOA's includes lawn maintenance, so no pesky yard work! The Lifestyle Activities Director on site has your monthly calendar full of fun activities and ways to meet and enjoy your neighbors! Schedule your appointment to see this home today!!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,103
Property Tax -$329
Property Insurance -$123
HOA -$190
Property Management Fees -$80
CASH FLOW
$24

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.

$299,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 2.64%
Maintenance Year (1-5) 3.00%
Vacancy 3.70%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,235

INVESTMENT

$81,235

Down Payment
$74,750
Rehab Estimate
$2,000
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$24,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $1,844

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$2,1004$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 12757 Coastal Breeze Way Bradenton, 1
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.30
    •  
  • 12725 Deep Blue Pl Bradenton, 2
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2015
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.29
    •  
  • 4220 Azurite Way Bradenton, 3
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 2015
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.21
    •  
  • 4023 Azurite Way Bradenton, 4
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2016
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.44
    •  
  • 12143 Longview Lake Cir Bradenton, 5
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2016
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.25
    •  
PROPERTY LISTING DETAILS
Valerie Esposito
1.941.809.3541
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4475975
Last Updated: 08/24/2020
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