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5514 69th Pl E Ellenton, FL 34222

4 Beds 3 Baths 2,492 sqft Built 2018

$380,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $152.49
  • 9 Days on Market
  • MLS # : A4486619
  • Updated Date : 12/25/2020 at 22:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,492 sqft
  • Baths : 3 full
Listing Agent

Blakeley & Associates Realty

Listing Agent's Description

Come see this beautiful Arlington model home built by Ryland Homes nestled within the Oakleaf Hammock Community. This family friendly home features 4 bedrooms, 3 baths PLUS a HOME OFFICE for those virtual workers! From the walk up, to the entry through the French doors, you will be amazed by the spacious view of this SPLIT PLAN beauty. This home boasts a Large FORMAL area with separate Formal Living & Dining space. Enjoy family time in the spacious family room with open kitchen & breakfast nook area. Great for entertaining or a quiet evening for two. The kitchen has stainless steel appliances, granite countertops on all counters & upgraded cabinetry, recessed lights throughout the home. SURROUND SOUND in kitchen/living room & lanai and many other convenient prewires. Split Master Suite has master bath with walk in shower & built in seat, separate tub and dual sinks with granite countertops & extra large WALK-IN closet. 3 car garage & water filtration system attached to water heater. Enjoy the outdoors on your lanai overlooking a lovely lake. This community features a security gate, sidewalks, playground, picnic area & basketball court. Low HOA fees & No CDD fees. Convenient to I-75, Skating Rink & Ellenton Prime Outlets & various shopping. 30-45 min commute North to Tampa, St. Petersburg, Brandon, or south to Sarasota.

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: Oakleaf Hammock

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $117k441k

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

Neighborhood: Oakleaf Hammock

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11562642

* 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
Mills Elementary School Primary Regular 1,160 66 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Mills Elementary School

  • Education Level: Primary
  • # of students: 1,160
  • # of teachers: 66
6
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
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,402
Property Tax -$382
Property Insurance -$189
HOA -$100
Property Management Fees -$129
CASH FLOW
-$122

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.

$380,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.9%
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-$5.0k$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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$18,169

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,869

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,9854$2,0805$2,125
$2,125
RENT COMPS ANALYSIS
  • 5514 69th Pl E Ellenton, FL 4
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.83
    •  
  • 5810 100th Ave E Parrish, FL 1
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 4175 Day Bridge Pl Ellenton, FL 2
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.75
    •  
  • 6603 49th Ct E Ellenton, FL 3
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2013
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.80
    •  
  • 4615 Halls Mill Xing Ellenton, FL 5
    • 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2011
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.76
    •  
PROPERTY LISTING DETAILS
Tenaha Bayne
1.941.822.9049
Blakeley & Associates Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4486619
Last Updated: 12/25/2020
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