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219 Dove Trl Bradenton, FL 34212

4 Beds 3 Baths 2,730 sqft Built 2005

$475,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $173.99
  • 7 Days on Market
  • MLS # : U8102799
  • Updated Date : 10/30/2020 at 21:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,730 sqft
  • Baths : 3 full
Listing Agent

Compass Real Estate And Rental

Listing Agent's Description

As you enter this incredible home, you will be as impressed with the view off the back lanai as you will the curb appeal approaching this well-appointed property. Situated on an oversized lot, this 4 bedroom / 3 bath with a den has everything you need to make this your perfect forever home! Located in the well sought-after Greyhawk Landing, you will not only be afforded A-rated school zones, but amenities that will delight the most particular of home buyers....from walking trails with deer sightings, to multiple pools, fitness center, tennis courts and guard gate, this community has it all. This home has been updated with luxury vinyl plank flooring throughout the living spaces, completely updated kitchen with newer appliances, painted wood cabinets and upgraded granite countertops. Side-car garage entry and tiled roof give this home a unique appeal unlike the new construction you often find. Mature landscaping and expansive caged lanai enable you to take advantage of the stunning lake views off your pavered outdoor oasis. Perfect for entertaining! Professionally painted inside and out in 2020, this home is truly move-in ready. Schedule your appointment today, this home is a one-of-a-kind and won't last!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Greyhawk Landing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $112k523k

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

Neighborhood: Greyhawk Landing

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2140016001800200022002400260028003000Rent in $12943078

* 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$1,753
Property Tax -$586
Property Insurance -$204
HOA -$4
Property Management Fees -$80
CASH FLOW
$123

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.

$475,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$50,466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,430

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,3003$2,5004$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 219 Dove Trl Bradenton, FL 5
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.01
    •  
  • 12122 Aster Ave Bradenton, FL 1
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
  • 12451 Natureview Cir Bradenton, FL 2
    • 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2004
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 360 Snapdragon Loop Bradenton, FL 3
    • 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
  • 235 Petrel Trl Bradenton, FL 4
    • 3 beds 3 baths ∙ 2,741 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,741 Sqft ∙ Built 2007
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
PROPERTY LISTING DETAILS
Stephanie Marshall
1.727.460.5339
Compass Real Estate And Rental
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8102799
Last Updated: 10/30/2020
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