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4840 Central Park Blvd Bradenton, FL 34211

3 Beds 2 Baths 1,495 sqft Built 2015

$310,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $207.36
  • 5 Days on Market
  • MLS # : A4491605
  • Updated Date : 02/19/2021 at 17:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,495 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Liberty 2 by Neal Communities in Central Park. This totally immaculate home features 3 Bedrm + 2 Baths with extended lanai. Beautiful kitchen with upgraded appliances and granite counter tops. Engineered hardwood floors throughout liv rm/dining room. Freshly painted thru out in Sherwin Williams "Mindful Gray". Corner lot landscaped for privacy. Located directly across from the Park!! Gas cooking and gas water heater. Many electronic outlets for Stereo / Surround Sound system.>>>HOA FEE INCLUDES: 2 Dog Parks, Splash Pad, Playground, Concession Stand & Outdoor Pavilion, Tennis Cts, Sports Cts, Social Events & Clubs, Common Ground Maintenance, Entrance Gates & Manager<<<. Located near I75, A+ Schools, LECOM and many shops, restaurants, gyms, YMCA, Airports and Beaches.

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,077
Property Tax -$426
Property Insurance -$128
HOA -$133
Property Management Fees -$129
CASH FLOW
$68

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.

$310,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.63%

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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$24,447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $1,951

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9003$1,9004$1,9605$2,200
$2,200
RENT COMPS ANALYSIS
  • 4840 Central Park Blvd Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.31
    •  
  • 4918 Newport News Cir Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2011
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.26
    •  
  • 5005 Torrey Pines Run Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2012
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.21
    •  
  • 4926 Newport News Cir Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2011
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.28
    •  
  • 11324 White Rock Ter Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2010
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.47
    •  
PROPERTY LISTING DETAILS
Bob Andrews
1.941.893.7320
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4491605
Last Updated: 02/19/2021
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