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4730 Lindever Ln Palmetto, FL 34221

4 Beds 3 Baths 1,996 sqft Built 2018

$291,500

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $146.04
  • 4 Days on Market
  • MLS # : A4487156
  • Updated Date : 01/02/2021 at 14:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,996 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This 2 years NEW amazing 2 story spacious home loaded with classy upgrades is sure to please! The beauty of this home is shown inside and out beginning with the beautiful stone elevation and exterior covered and tiled entry way. Upon entering this home, you will see a tastefully decorated home that features gorgeous lighting with an open concept floor plan also including a stunning kitchen with built-in breakfast nook built with plenty of counter and cabinet space and a large great room perfect for entertaining. The first floor also has a powder room for the convenience of your guests. The second floor features an oversized master bedroom with two closets, plus an additional storage closet. Unwind from your day in the grand master soaking tub in the master bathroom along with a huge walk in shower and dual vanity sinks. The second floor also has 3 large additional bedrooms and a bathroom. Throughout this home you will find endless storage! Step into your large fenced in back yard and relax, play, or cookout on your built in grill. A large storage shed is also conveniently located in the back yard for and additional storage needs. On your time off, make sure to relax at the resort style beach entry pool or playground with HOA fees at ONLY $38 per QUARTER. You don't want to miss this one! Willow Walk is conveniently located near the Ellenton Outlet Mall, I-75, 275, Highway 301 and 41 for quick access to St Pete, Tampa and Sarasota. This fantastic home won't last long, schedule your tour TODAY!

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: 34221

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k297k

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

Zip Code: 34221

ZipNIR 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
Tillman Elementary Magnet School Primary Magnet 556 37 4
Lincoln Middle School Middle Magnet 526 36 3
Palmetto High School High Regular 2,076 93 3

Tillman Elementary Magnet School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 37
4
GreatSchools Rating

Lincoln Middle School

  • Education Level: Middle
  • # of students: 526
  • # of teachers: 36
3
GreatSchools Rating

Palmetto High School

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

$262,350$320,650$291,500

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,076
Property Tax -$355
Property Insurance -$158
HOA -$13
Property Management Fees -$129
CASH FLOW
$189

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.

$291,500

PROJECTED PRICE

$1,920

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,998

INVESTMENT

$82,998

Down Payment
$72,875
Rehab Estimate
$5,750
Closing Costs
$4,373

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,875
Loan Amount $218,625
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$44,122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,036

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$1,9004$1,9205$1,950
$1,950
RENT COMPS ANALYSIS
  • 4730 Lindever Ln Palmetto, FL 4
    • 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.96
    •  
  • 4437 Lindever Ln Palmetto, FL 1
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2017
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
  • 3925 Park Willow Ave Palmetto, FL 2
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2018
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 5711 Broad River Run Ellenton, FL 3
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2015
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 5003 Willow Preserve Way Palmetto, FL 5
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2018
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
PROPERTY LISTING DETAILS
Heidi Gibson
1.941.907.1033
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4487156
Last Updated: 01/02/2021
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