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12809 Indigo Way Lakewood Ranch, FL 34211

3 Beds 2 Baths 2,166 sqft Built 2019

$465,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $214.68
  • 3 Days on Market
  • MLS # : A4488406
  • Updated Date : 01/22/2021 at 18:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,166 sqft
  • Baths : 2 full
Listing Agent

Better Homes & Gardens Real Estate Atchley Propert

Listing Agent's Description

LAKE FRONT HOME - INDIGO AT LAKEWOOD RANCH. This charming Neal Built home has 3 bedrooms 2 baths plus a den/office and is just one year old. The living space is 2,166 square feet. It has a gourmet kitchen overlooking a large great room and dining area. The lanai is covered, has has been extended, and is screened to take advantage of the scenic views. Positioned at the beginning of a long lake, the view from the rear of the home is picturesque. With lush landscaping, a tile roof, and two car garage, the first impression is welcome home to relaxation. The community is gated and has an abundance of amenities such as a Recreation Center/Clubhouse, Resort Style Pool and Spa, Fitness Center, Pickleball and Bocce Ball Courts, Club Room with a Cafe Kitchen, Playground, and has an On-Site Activities Coordinator. The location for Indigo at Lakewood Ranch is superb. The school district is excellent for elementary, middle, and high school. Shopping, dining, hiking and walking trails, parks, medical, and much more is just minutes away.

SEE MORE

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

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$1,615
Property Tax -$638
Property Insurance -$169
HOA -$223
Property Management Fees -$129
CASH FLOW
$56

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.

$465,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.61%

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) 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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$31,876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,496

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,6503$2,6504$2,7505$2,830
$2,830
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
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.31
    •  
  • 12614 Lake Silver Ave Bradenton, FL 1
    • 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 2018
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.08
    •  
  • 12014 Forest Park Cir Lakewood Ranch, FL 2
    • 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2014
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.14
    •  
  • 13607 American Prairie Pl Bradenton, FL 3
    • 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2016
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.19
    •  
  • 3623 Scrub Creek Run Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2018
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.20
    •  
PROPERTY LISTING DETAILS
Alan Atchley
1.941.556.9100
Better Homes & Gardens Real Estate Atchley Propert
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488406
Last Updated: 01/22/2021
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