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3613 Azurite Way Bradenton, FL 34211

3 Beds 2 Baths 1,531 sqft Built 2021

$389,990

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $254.73
  • 6 Days on Market
  • MLS # : T3286856
  • Updated Date : 01/28/2021 at 16:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,531 sqft
  • Baths : 2 full
Listing Agent

Neal Communities Realty, Inc.

Listing Agent's Description

Under Construction. Enjoy this wonderful 3-bedroom, 2 bath home with 2-car garage across 1531sq. ft. of open living space. The island style home really gives the Florida feel. Inside the home you'll find recessed ceiling lighting, all-new stainless steel appliances including a gas stove and wood look tile. Granite counter tops, light cabinetry with back splash. The master bedroom includes dual sink vanities and private water closet. A large walk-in closet completes the room. The second and third bedrooms are located by an additional second bath. Coffered ceiling in the great room. Beautiful back yard view that is very private.

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

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
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
 

$350,991$428,989$389,990

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,355
Property Tax -$426
Property Insurance -$130
HOA -$208
Property Management Fees -$129
CASH FLOW
-$98

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$389,990

PROJECTED PRICE

$2,150

PROJECTED RENT

0.55%

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) 3.00%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,347

INVESTMENT

$105,347

Down Payment
$97,498
Rehab Estimate
$2,000
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,498
Loan Amount $292,493
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,143

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1503$2,3004$2,3955$2,600
$2,600
RENT COMPS ANALYSIS
  • 3613 Azurite Way Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.40
    •  
  • 4023 Azurite Way Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2016
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.44
    •  
  • 4220 Azurite Way Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 2015
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.32
    •  
  • 12228 Whisper Lake Dr Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2014
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.37
    •  
  • 4035 Azurite Way Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2016
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.47
    •  
PROPERTY LISTING DETAILS
Maryann Koops
1.941.328.1111
Neal Communities Realty, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286856
Last Updated: 01/28/2021
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