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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakewood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,124
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
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
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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
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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
1.631.872.3411
Preferred Shore
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4486278
Last Updated: 12/16/2020
