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2530 63rd Ter E Ellenton, FL 34222

3 Beds 2 Baths 1,877 sqft Built 2015

$338,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $180.07
  • 72 Days on Market
  • MLS # : A4477437
  • Updated Date : 11/09/2020 at 12:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,877 sqft
  • Baths : 2 full
Listing Agent

Horizon Realty International

Listing Agent's Description

Mediterranean inspired, 3 bedroom plus office and dining room, 2 bath, single family home in the gated, maintenance free community of Bougainvillea Place. Through the foyer, your office and dining areas are located in the front of the home. Adjacent are your great room and kitchen with a granite island, walk in pantry and all stainless appliances. The stackable sliders are a wall of glass, allowing a ton of natural light, open from each side on to a large screened lanai. No rear neighbors for maximum tranquility and privacy. Plenty of room to extend the lanai or add a private pool. The master bedroom is located at the back of the home with an en suite/dual sinks, separate shower and tub as well as a large walk in closet. The two additional bedrooms and bath are located at the front of the home along with the laundry room. The garage has ac/heat and also a screen installed for the perfect all seasons room if desired. This home has stem wall construction, low e windows, blinds, ceiling fans and was built in 2015. Enjoy the seasonally heated community pool,fitness room and "paw park" with numerous opportunities to be involved in many social events. Located across from the Ellenton Outlet Mall, minutes off I-75/301, exit 224. Great location with an easy commute to Tampa/St Pete/Brandon/Bradenton and Sarasota, all airports, beaches, medical facilities, sporting venues with numerous shopping areas and restaurants close by.

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: Bougainvilla

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $67k333k

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

Neighborhood: Bougainvilla

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21100120013001400150016001700180019002000Rent in $10372041

* 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
Blackburn Elementary School Primary Regular 463 33 2
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Blackburn Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 33
2
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$304,200$371,800$338,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,247
Property Tax -$340
Property Insurance -$151
HOA -$306
Property Management Fees -$80
CASH FLOW
$66

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.

$338,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 7.3%
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

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,320

INVESTMENT

$95,320

Down Payment
$84,500
Rehab Estimate
$5,750
Closing Costs
$5,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,500
Loan Amount $253,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$30,315

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 2530 63rd Ter E Ellenton, FL
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
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PROPERTY LISTING DETAILS
T. Twynette Harvell
1.727.543.5862
Horizon Realty International
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4477437
Last Updated: 11/09/2020
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