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6225 Blackdrum Ct Lakewood Ranch, FL 34202

3 Beds 2 Baths 1,534 sqft Built 2005

$299,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $195.50
  • 5 Days on Market
  • MLS # : A4486884
  • Updated Date : 12/24/2020 at 12:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,534 sqft
  • Baths : 2 full
Listing Agent

Preferred Shore

Listing Agent's Description

Is a new home on your wish list this year? Come see this move-in ready beauty located in highly sought after Greenbrook Terrace! This three bedroom, two bath split plan home has been modernized with the latest designer touches. Brand new gourmet kitchen with shaker cabinetry, new granite countertops, designer backsplash and hardware and all new stainless steel gas appliances. All new interior paint and waterproof luxury vinyl wood plank flooring throughout all the living areas and bathrooms. New carpet in all bedrooms. Screened lanai overlooking and oversized fenced in backyard with room for a pool. Fresh new sod, landscaping and mulch. Two car garage with plenty of storage space and hurricane stutters. Located on a quiet cul-de-sac street within walking distance to local schools and parks! Come live the Lakewood Ranch lifestyle at an affordable price! Schedule your showing 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: Greenbrook Village

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k509k

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

Neighborhood: Greenbrook 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,107
Property Tax -$412
Property Insurance -$130
HOA -$10
Property Management Fees -$129
CASH FLOW
$133

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.

$299,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$37,965

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,576

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4003$1,4004$1,6755$1,920
$1,920
RENT COMPS ANALYSIS
  • 6225 Blackdrum Ct Lakewood Ranch, FL 5
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.25
    •  
  • 15103 Searobbin Dr Lakewood Ranch, FL 1
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.02
    •  
  • 6222 Blackdrum Ct Lakewood Ranch, FL 2
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
  • 15203 Skip Jack Loop Lakewood Ranch, FL 3
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 2006
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 6246 Blue Runner Ct Lakewood Rch, FL 4
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2005
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.08
    •  
PROPERTY LISTING DETAILS
Laura Chasey Fulwider
1.941.524.4911
Preferred Shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4486884
Last Updated: 12/24/2020
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