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5815 30th Ct E Ellenton, FL 34222

4 Beds 3 Baths 2,429 sqft Built 2002

$405,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $166.74
  • 5 Days on Market
  • MLS # : T3292040
  • Updated Date : 02/27/2021 at 08:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,429 sqft
  • Baths : 3 full
Listing Agent

Align Right Realty Llc

Listing Agent's Description

Oak tree covered canopies line the drive to this beautiful home in the desirable community of Oakley nestled behind the Ellenton Outlets and just minutes from the Manatee River. Upon stepping through the french doors, the entryway greets you with the crisp clean design of the home. This breathtaking open floor plan leads your eye straight through the formal living room and through the wall of sliding glass doors and onto the awaiting inground pool with lush landscaping. The home office is perfectly placed upfront with upgrades to include glass French doors, ceiling fan and plantation shutters. Next, step into the Master Bedroom which showcases the view of the pool through the double sliders. This room is spacious and includes the master en-suite with an extra large shower and separate garden tub, double sinks as well as boasting two large walk-in custom closets. Once leaving the master bedroom and bathroom, walk across gorgeous tile floor through your airy living room/dining room and onto the kitchen. This kitchen is loaded with features that include an extra large (removable) island, stilestone countertops, wrap around cabinets, extra large deep stone sink, stainless steel appliances, InstaHot faucet, built-in desk and modern faucet all coming together to over-look the grand vaulted ceiling framed family room. This space easily flows into the other three bedrooms and two bathrooms. The outside invites you in through every room of the house. The extra large lanai and pool enclosure makes outdoor living a dream. Follow the pavers just beyond the pool to the firepit for an evening in paradise. You will love the lush tropical landscaping plus there is an avocado tree!! Upgrades include the Tesla outdoor EV charging station, solar pool cover. Prepare to be amazed with the details of this pool home just minutes from the Tampa Bay ocean waters. Chandelier does not convey with house. Room sizes are approximate.

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Oakley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k376k

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

Neighborhood: Oakley

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001300140015001600170018001900200021002200Rent in $11562275

* 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
Blackburn Elementary School Primary Regular 463 33 2
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Blackburn Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 33
2
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
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,407
Property Tax -$407
Property Insurance -$185
HOA -$29
Property Management Fees -$129
CASH FLOW
-$167

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.

$405,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
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-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,986

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8253$1,9904$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 5815 30th Ct E Ellenton, FL 3
    • 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.82
    •  
  • 4175 Day Bridge Pl Ellenton, FL 1
    • 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
    •  
  • 4109 Lindever Ln Palmetto, FL 2
    • 4 beds 4 baths ∙ 2,321 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,321 Sqft ∙ Built 2016
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.79
    •  
  • 4502 70th Ave E Ellenton, FL 4
    • 3 beds 2 baths ∙ 2,454 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,454 Sqft ∙ Built 2008
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 3919 Willow Branch Pl Palmetto, FL 5
    • 5 beds 3 baths ∙ 2,601 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,601 Sqft ∙ Built 2020
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.87
    •  
PROPERTY LISTING DETAILS
Michelle Denham
1.813.919.9179
Align Right Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292040
Last Updated: 02/27/2021
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