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12809 Indigo Way Lakewood Ranch, FL 34211

3 Beds 2 Baths 2,166 sqft Built 2019

$465,000

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $214.68
  • 2 Days on Market
  • MLS # : T3276237
  • Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,166 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

Why wait to build when you can save and move into this one-year old practically new house! This beautiful home is located in the gated amenity rich community Indigo featuring club house with social room with kitchen, 24-hour fitness center, resort style pool with heated spa, pickleball, bocce ball, and basketball courts, on-site Lifestyle and Activities Director. This home features an open floor plan on a spacious lot overlooking a large pond. This Endless Summer 3 floor-plan has light and bright great room with tray ceiling and sliding glass doors leading the extended lanai overlooking the pond in the back. Kitchen with vanilla cabinets, designer backsplash and coordinating quartz countertops, breakfast nook and opens to the great room. Master bedroom with tray ceiling has 2 walk-in closets and large bathroom en-suite featuring oversized walk-in shower and dual sinks. Plantation shutters through out the home. Large den with chevron tiled floors and 2 large bedrooms completes the layout of this home.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$418,500$511,500$465,000

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$1,716
Property Tax -$638
Property Insurance -$169
HOA -$223
Property Management Fees -$80
CASH FLOW
$694

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.

$465,000

PROJECTED PRICE

$3,520

PROJECTED RENT

0.76%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$125,225

INVESTMENT

$125,225

Down Payment
$116,250
Rehab Estimate
$2,000
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$121,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $1.63

    LIST RENT PER SQFT
  • $2,567

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4953$2,6504$2,6505$3,520
$3,520
RENT COMPS ANALYSIS
  • 12809 Indigo Way Lakewood Ranch, FL 5
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $1.63
    •  
  • 11616 Golden Bay Place Lakewood Ranch, FL 1
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2017
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.21
    •  
  • 13835 American Prairie Pl Bradenton, FL 2
    • 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,073 Sqft ∙ Built 2018
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.20
    •  
  • 12014 Forest Park Cir Lakewood Ranch, FL 3
    • 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2014
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.14
    •  
  • 13607 American Prairie Pl Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2016
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.19
    •  
PROPERTY LISTING DETAILS
Christine Fromm
1.813.426.9569
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276237
Last Updated: 11/15/2020
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