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13003 Belknap Pl Bradenton, FL 34211

4 Beds 2 Baths 2,331 sqft Built 2015

INVESTimate

$398,500

List Price

$2,520

$2,270 - $2,770

Rent Est.

$409,020  ( +2.64%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $170.96
  • 7 Days on Market
  • MLS # : A4475267
  • Updated Date : 08/25/2020 at 20:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,331 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful Bridgewater Lennar-built Princeton model home in Lakewood Ranch is a maintenance-free home to love. Offering 2,331 square feet of beautiful living space, 4 full bedrooms, 2 full oversized bathrooms, and 3-car garage. The great room is in the heart of the house for entertaining and gathering, has a tray ceiling and triple glass sliding doors leading to the covered and screened oversized brick paver lanai. The open floor plan offers a spacious formal dining room (dining room table & hutch available for purchase) and a casual dine-in breakfast area. The kitchen features include granite countertops and breakfast bar. All appliances are stainless steel with a gas burner range. The master suite has a tray ceiling and exit door to the lanai, a garden tub, large walk-in shower, dual sinks and huge walk-in closet. The secondary bath has a tub/shower combination. Tile throughout all common areas and bathrooms. The interior of the home features 10-foot ceilings throughout, and all interior doors are eight feet tall. Bridgewater is a gated, maintenance-free community that has a park with a picnic pavilion, playground and doggy park. Located in the #1 Master Community in the United States, Lakewood Ranch, which has something for everyone! Public and private golf courses, Over 150 miles of bike trails, over 50 neighborhood clubs, tennis courts, and more. Shops at UTC Mall, an abundance of dining and entertainment, SRQ airport and I-75 moments away. Downtown Sarasota only 20 minutes and the World Famous Beaches 25 minutes away! (CDD is included in taxes)

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
Nolan Middle School Middle Regular 1,130 60 7
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

Nolan Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 60
7
GreatSchools Rating

Lakewood Ranch High School

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

$358,650$438,350$398,500

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,470
Property Tax -$649
Property Insurance -$179
HOA -$256
Property Management Fees -$80
CASH FLOW
-$113

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.

$398,500

PROJECTED PRICE

$2,520

PROJECTED RENT

0.63%

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) 8.00%
Vacancy 3.70%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,353

INVESTMENT

$111,353

Down Payment
$99,625
Rehab Estimate
$5,750
Closing Costs
$5,978

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,470

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,625
Loan Amount $298,875
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,529

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5003$2,5204$2,6255$2,800
$2,800
RENT COMPS ANALYSIS
  • 13003 Belknap Pl Bradenton, 3
    • 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.08
    •  
  • 13336 Purple Finch Cir Lakewood Ranch, 1
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 13321 Swiftwater Way Lakewood Ranch, 2
    • 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 2016
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.12
    •  
  • 6225 Macaw Gln Lakewood Ranch, 4
    • 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2001
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,625
    • $1.12
    •  
  • 11882 Forest Park Cir Bradenton, 5
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2012
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.11
    •  
PROPERTY LISTING DETAILS
Zee Mcgaha
1.941.483.0207
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4475267
Last Updated: 08/25/2020
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