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6212 Tupelo Trl Lakewood Ranch, FL 34202

3 Beds 2 Baths 1,717 sqft Built 1998

$350,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $203.84
  • 3 Days on Market
  • MLS # : A4490730
  • Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,717 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Welcome Home! Live your Florida lifestyle in this updated, single-story home in remarkable Lakewood Ranch! You will immediately be impressed by the sizable living space in this REMODELED 3 bedroom, 2 bathroom split floor plan - featuring both a Family Room & Living Room (can be converted to an Office or Den), as well as Breakfast Area & Dining Room. Perfect for family time or entertainment! Striking highlights throughout. NEW Floors feature hard surfaces in every room - ceramic tile in the kitchen/foyer/living spaces, Bamboo in the bedrooms & marble tile in the bathrooms. NEW Paint -interior paint, exterior paint & new, 6' wide baseboards. NEW light fixtures & hardware on doors/cabinets. Bright & Spacious Kitchen has large farm sink, light-color cabinets, granite countertops & all new stainless steel appliances. Sizeable Master Suite offers stylish Bamboo floors & convenient access to the Lanai. Updated Master Bathroom features granite countertops, marble tile, walk-in shower, large walk-in closet, dual sinks and a soaking tub. Bedrooms #2 and #3 feature Bamboo floors & 2nd Bathroom is stunning with fashionable quartz countertop & marble floors. Fenced backyard is perfect for pets - or adding a pool. Sliding doors exit to the Lanai from the Family Room & Master Bedroom. Location, Location! Summerfield Village is a highly desirable community featuring lakes, parks, trails, dog parks & wildlife. Minutes to charming Lakewood Ranch Main Street attractions - restaurants, shops, entertainment. Watch Sunday matches at the Sarasota Polo Club, bike, run or walk on 150 miles of trails, or engage in recreational activities at several golf courses or tennis facilities. Convenient to Lakewood Ranch Medical Center as well as shopping & dining at UTC Town Center. Close to Sarasota Airport, downtown Main Street Sarasota, world class beaches at Siesta Key & Anna Maria Island. Lakewood Ranch is the #1 selling multi-generational master planned community in the U.S., with A-Rated schools. Schedule a visit today!

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: Summerfield Village

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k509k

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

Neighborhood: Summerfield Village

ZipNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942926

* 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
Mcneal Elementary School Primary Regular 769 48 8
Nolan Middle School Middle Regular 1,130 60 7
Lakewood Ranch High School High Regular 2,299 95 7

Mcneal Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 48
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,216
Property Tax -$480
Property Insurance -$141
HOA -$8
Property Management Fees -$129
CASH FLOW
-$4

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.

$350,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 5.0%
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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$21,692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8993$1,9004$1,9505$1,970
$1,970
RENT COMPS ANALYSIS
  • 6212 Tupelo Trl Lakewood Ranch, FL 5
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.15
    •  
  • 12310 Tall Pines Way Lakewood Ranch, FL 1
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1998
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 6242 White Clover Cir Lakewood Ranch, FL 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1998
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.22
    •  
  • 6208 Foxglove Ln Lakewood Ranch, FL 3
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.21
    •  
  • 6214 White Clover Cir Lakewood Ranch, FL 4
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2000
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.19
    •  
PROPERTY LISTING DETAILS
Michael Mayo
1.941.855.0599
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490730
Last Updated: 02/06/2021
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