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13607 American Prairie Pl Lakewood Ranch, FL 34211

4 Beds 3 Baths 2,231 sqft Built 2016

$439,900

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $197.18
  • 3 Days on Market
  • MLS # : A4485735
  • Updated Date : 12/12/2020 at 10:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,231 sqft
  • Baths : 3 full
Listing Agent

Exit King Realty

Listing Agent's Description

This beautiful Tivoli home by Lennar is an absolute must see! This ever popular model has loads of space and the open concept floor plan perfect for a relaxed Florida lifestyle! This 4 bed/3bath homes comes complete with 3 car garage, oversized breakfast nook, island seating and screened lanai that offers views of an expansive back yard, which is completely fenced, and the beautiful colors of the sunset sky. Solid wood cabinets, gleaming granite counter tops, stainless appliances and large panty closet all compliment this oversized kitchen. In addition, the 4th bedroom is an en-suite and so provides plenty of privacy for guests, AND, the formal dining room can easily be converted into office, den or flex space. The Savanna community offers an amenities center with indoor and outdoor areas, fitness room, pool, dog park, playground and gated entry. Low HOA fees, beautifully manicured grounds, A-rated schools, short driving distances to sunny, sandy beaches, beautiful commerce areas for shopping and ding a even a premium outlet mall, all make this the perfect location for your new home!! *One or more photos has been virtually staged.

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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: 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
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,623
Property Tax -$484
Property Insurance -$173
HOA -$220
Property Management Fees -$129
CASH FLOW
-$9

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.

$439,900

PROJECTED PRICE

$2,620

PROJECTED RENT

0.60%

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$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$31,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,582

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4953$2,5954$2,6205$2,750
$2,750
RENT COMPS ANALYSIS
  • 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
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.17
    •  
  • 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
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.08
    •  
  • 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
    •  
  • 12331 Halfmoon Lake Ter Bradenton, FL 3
    • 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2016
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.15
    •  
  • 3623 Scrub Creek Run Bradenton, FL 5
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2018
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.20
    •  
PROPERTY LISTING DETAILS
Christy Peterson
1.774.287.5322
Exit King Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4485735
Last Updated: 12/12/2020
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