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180 Tierra Verde Way Bradenton, FL 34212

4 Beds 2 Baths 1,846 sqft Built 2019

$324,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $175.51
  • 4 Days on Market
  • MLS # : A4489914
  • Updated Date : 01/29/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,846 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Pictures coming soon! Like new home with NEW UPGRADED LVP FLOORING! This home includes many contemporary features, and an open-concept design and 8’8" ceilings enhance the wonderful feel of this home. The kitchen includes a large island perfect for bar-style eating or entertaining, a walk-in pantry, and plenty of cabinets and counter space. The large owner’s suite, located at the back of the home for privacy, can comfortably fit a king size bed, and includes an ensuite bathroom with double vanity, big walk-in closet, and separate linen closet. The dining room and living room both overlook the covered lanai that has been extended for more room to entertain in the back yard! Privacy fences have also been added down the sides of the property, however the water view is still there to be enjoyed! DEL TIERRA amenities include • Large clubhouse w/ outdoor wet bar, covered seating, & poolside loungers • Resort-style pool with zero entry & splash zone • State of the art Fitness Center, • Multiple playgrounds w/ swings, slides, ten-spin, climbing wall, & large sand play area • Outdoor game areas including 16,000 sq. ft. playfield • Covered picnic pavilion with outdoor grill • Walking/biking trails along main boulevard • Gated community entry and private roads • HIGHLY- RATED "A" SCHOOL DISTRICT • Palm trees & professionally landscaped common areas •Conveniently located near PUBLIX grocery, COSTCO, shopping, restaurants, easy Hwy I-75 access & Florida's best beaches! DEL TIERRA is a wonderful place to live, retire, or raise a family!

SEE MORE

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

Zip Code: 34212

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $112k431k

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

Zip Code: 34212

ZipNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942915

* 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
Witt Elementary School Primary Regular 690 38 9
Haile Middle School Middle Regular 1,068 56 6
Lakewood Ranch High School High Regular 2,299 95 7

Witt Elementary School

  • Education Level: Primary
  • # of students: 690
  • # of teachers: 38
9
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
 

$291,600$356,400$324,000

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 -$1,125
Property Tax -$357
Property Insurance -$149
HOA -$100
Property Management Fees -$129
CASH FLOW
$200

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.

$324,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.8%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,610

INVESTMENT

$91,610

Down Payment
$81,000
Rehab Estimate
$5,750
Closing Costs
$4,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,000
Loan Amount $243,000
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$39,950

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
  • $1.12

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$1,8954$2,0605$2,100
$2,100
RENT COMPS ANALYSIS
  • 180 Tierra Verde Way Bradenton, FL 4
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.12
    •  
  • 14914 Flowing Gold Dr Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2018
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
  • 15517 Rose Grove Dr Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2015
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 332 Tierra Verde Way Bradenton, FL 3
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2018
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
  • 14910 Flowing Gold Dr Bradenton, FL 5
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2018
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.15
    •  
PROPERTY LISTING DETAILS
Jason Caller
1.941.301.5083
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4489914
Last Updated: 01/29/2021
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