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15515 Lemon Fish Dr Lakewood Ranch, FL 34202

3 Beds 2 Baths 2,034 sqft Built 2005

$364,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $179.40
  • 3 Days on Market
  • MLS # : A4485431
  • Updated Date : 12/05/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,034 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Florida Realty

Listing Agent's Description

This three bedroom plus an office pool home in Lakewood Ranch has been impeccably maintained. The open floor plan is light and bright with spacious rooms overlooking the private yard and swimming pool. The Refrigerator, Stove, Washer and Dryer are all less than two years old. The corner lot has been professionally landscaped. Enjoy one of Lakewood Ranch's premier communities with top A rated schools, parks, playgrounds, walking trails. This home is close to Premier sports facility, Lakewood Ranch main Street shops and entertainment along with a world class golf and rowing.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Greenbrook Village

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k509k

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

Neighborhood: Greenbrook Village

ZipNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942926

* 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
Mcneal Elementary School Primary Regular 769 48 8
Nolan Middle School Middle Regular 1,130 60 7
Lakewood Ranch High School High Regular 2,299 95 7

Mcneal Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 48
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
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,346
Property Tax -$501
Property Insurance -$161
HOA -$9
Property Management Fees -$129
CASH FLOW
-$86

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.

$364,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,346

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$19,900

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,263

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0603$2,1954$2,2455$2,395
$2,395
RENT COMPS ANALYSIS
  • 15515 Lemon Fish Dr Lakewood Ranch, FL 2
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.01
    •  
  • 15117 Searobbin Dr Lakewood Ranch, FL 1
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2006
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 15130 Searobbin Dr Lakewood Ranch, FL 3
    • 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 2006
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.18
    •  
  • 15671 Lemon Fish Dr Lakewood Ranch, FL 4
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 2006
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $1.10
    •  
  • 15422 Lemon Fish Dr Lakewood Ranch, FL 5
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2013
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.18
    •  
PROPERTY LISTING DETAILS
Jenna Carver
1.941.343.7953
Berkshire Hathaway Homeservices Florida Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4485431
Last Updated: 12/05/2020
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