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17011 Blue Ridge Place Pl Bradenton, FL 34211

4 Beds 3 Baths 2,006 sqft Built 2017

$359,900

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $179.41
  • 6 Days on Market
  • MLS # : A4486278
  • Updated Date : 12/16/2020 at 21:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,006 sqft
  • Baths : 3 full
Listing Agent

Preferred Shore

Listing Agent's Description

Polo Run in the heart of Lakewood Ranch is a brand new solar powered, MAINTENANCE FREE, GATED community with AMENITIES. This newly built pristine 2,006 square foot single level split floor plan home features 4 bedrooms including expansive master suite, 3 full baths, a large open kitchen, and a two-car garage with a paver stone driveway. The expansive kitchen is light and bright with granite countertops, stainless steel appliances, walk-in pantry, and a large island with seating. The adjoining dining room and great room are ideal for socializing and entertaining. The spacious Master features a large walk-in closet, has an en suite bath, dual sink vanity, large walk-in shower, and a separate soaking tub. Elegant design elements and upgrades throughout include conservation lot, upgraded cabinets, beautiful crown molding and much more. Room to build your own private pool or enjoy the community’s resort-style pool without the maintenance. Zoned for A-rated schools. The biggest decision you will have to make is what to do each day…tennis, pickleball, bocce ball, basketball, work out at the fitness center or just chill by your pool, the choices are endless.

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
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
 

$323,910$395,890$359,900

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,328
Property Tax -$466
Property Insurance -$159
HOA -$271
Property Management Fees -$129
CASH FLOW
$27

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.

$359,900

PROJECTED PRICE

$2,380

PROJECTED RENT

0.66%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$27,721

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,332

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,245
1$2,2452$2,3493$2,3804$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 17011 Blue Ridge Place Pl Bradenton, FL 3
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.19
    •  
  • 15671 Lemon Fish Dr Lakewood Ranch, FL 1
    • 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
    •  
  • 15111 Skip Jack Loop Lakewood Ranch, FL 2
    • 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2007
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $1.06
    •  
  • 15422 Lemon Fish Dr Lakewood Ranch, FL 4
    • 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
    •  
  • 17010 Blue Ridge Pl Bradenton, FL 5
    • 3 beds 3 baths ∙ 1,836 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,836 Sqft ∙ Built 2017
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.31
    •  
PROPERTY LISTING DETAILS
Carissa Pelczynski
1.631.872.3411
Preferred Shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4486278
Last Updated: 12/16/2020
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