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4816 Central Park Blvd Bradenton, FL 34211

3 Beds 2 Baths 2,283 sqft Built 2015

$379,900

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $166.40
  • 6 Days on Market
  • MLS # : A4490182
  • Updated Date : 02/05/2021 at 19:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,283 sqft
  • Baths : 2 full
Listing Agent

Rovithis Realty

Listing Agent's Description

One or more photo(s) has been virtually staged. Welcome to your forever home, located in the award-winning, gated community of Central Park with park views! You'll be impressed with the charm and elegance this three-bedroom home possesses. The kitchen which boasts gorgeous granite countertops, eat in dining area. large island, pantry and stainless steel appliances flows into the living area, where a sliding glass door leads to your covered patio to slim backyard still big enough for a fence and a pool(per ARC Approval) to be added. The living room is the perfect place to relax, complemented by tray ceilings. 18" Ceramic tile floors stretch throughout the first level of this home, which includes the Masterbedroom with ensuite and 2 additional bedrooms with a den, making single-floor living a reality! Other notable features include attached 3 car garage with epoxy floors, irrigation system, laundry room and located between top rated schools . Nothing left to do, but move in!

SEE MORE

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: Central Park at Lakewood Ranch

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $112k441k

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

Neighborhood: Central Park at Lakewood Ranch

ZipNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
Nolan Middle School Middle Regular 1,130 60 7
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

Nolan Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 60
7
GreatSchools Rating

Lakewood Ranch High School

  • Education Level: High
  • # of students: 2,299
  • # of teachers: 95
7
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,320
Property Tax -$537
Property Insurance -$176
HOA -$167
Property Management Fees -$129
CASH FLOW
$142

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.

$379,900

PROJECTED PRICE

$2,470

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 4.2%
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$20k

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$35,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,494

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,4703$2,6504$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 4816 Central Park Blvd Bradenton, FL 2
    • 3 beds 2 baths ∙ 2,283 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,283 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.08
    •  
  • 11112 Encanto Ter Bradenton, FL 1
    • 3 beds 3 baths ∙ 2,124 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,124 Sqft ∙ Built 2013
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
  • 12014 Forest Park Cir Lakewood Ranch, FL 3
    • 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2014
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.14
    •  
  • 11882 Forest Park Cir Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2012
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.11
    •  
  • 10228 Loch Lomond Dr Bradenton, FL 5
    • 3 beds 4 baths ∙ 2,481 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,481 Sqft ∙ Built 2015
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.13
    •  
PROPERTY LISTING DETAILS
Stacy Weingarten
1.413.244.7634
Rovithis Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490182
Last Updated: 02/05/2021
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