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12826 Kite Dr Bradenton, FL 34212

4 Beds 3 Baths 2,407 sqft Built 2006

$467,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $194.02
  • 2 Days on Market
  • MLS # : A4491304
  • Updated Date : 02/13/2021 at 20:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,407 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Select

Listing Agent's Description

Stunning 4 bedrooms with 3 bathrooms home built by Sam Rodgers at the corner lot is waiting for new owner. By entering this gorgeous home, you will walk into a great open floor plan with separate of living room, dining room with high tray ceiling, wood floors and large sliding doors, plenty of space for entertaining in family room with the specious kitchen, NEW high quality Café GE stainless steel appliances, convection oven, which is all connected to Wi-Fi and all have 5-year warranty. Kitchen has island with walking pantry and 42" wood cabinets with beautiful back-splash. The high ceiling is a great featuring that this home has for all the rooms. The master bedroom has walking closets and master bathroom has plantation shutters, a soaking tub, shower, and dual vanities. Flat tile roof with full gutters around the house and oversized two-car garage are other upgrades of this home offers. Many extras for this home such as in the lanai set up for outdoor kitchen and at the side of the house there also set up for pool equipment and irrigation system is supply by a well. Beautiful view from large backyard with lake and lanai that is great to enjoy Florida lifestyle. Grayhawk Landing community offers club house, two large size pools, fitness center, tennis and ball courts, bass-stocked lakes, fishing pier and trails, playground, and much more, HOA of just $ 50 a year. This home is located conveniently minutes distance to Lakewood Ranch and to shopping, restaurants, medical centers and major highways and about half an hour driving distance to the famous beaches in Florida.

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: Greyhawk Landing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $112k523k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Greyhawk Landing

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2140016001800200022002400260028003000Rent in $12943078

* 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
 

$420,300$513,700$467,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,622
Property Tax -$514
Property Insurance -$184
HOA -$4
Property Management Fees -$129
CASH FLOW
$197

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.

$467,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$129,505

INVESTMENT

$129,505

Down Payment
$116,750
Rehab Estimate
$5,750
Closing Costs
$7,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,750
Loan Amount $350,250
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$50,307

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,654

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6503$2,7004$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 12826 Kite Dr Bradenton, FL 2
    • 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.10
    •  
  • 12347 Lavender Loop Loop Bradenton, FL 1
    • 3 beds 2 baths ∙ 2,449 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,449 Sqft ∙ Built 2005
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.02
    •  
  • 12628 Daisy Pl Bradenton, FL 3
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 2007
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.08
    •  
  • 12736 Penguin Dr Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2005
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.14
    •  
  • 348 Snapdragon Loop Bradenton, FL 5
    • 3 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.17
    •  
PROPERTY LISTING DETAILS
Zarrin Falasiri
1.941.544.8064
Keller Williams Realty Select
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4491304
Last Updated: 02/13/2021
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