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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $197.78
- 1 Days on Market
- MLS # : A4506626
- Updated Date : 07/13/2021 at 16:03
CONSTRUCTION
- Beds : 4
- Floor Size : 2,523 sqft
- Baths : 3 full
Listing Agent
Fine Properties
Listing Agent's Description
Spacious pool home with 3-car garage in a Lakewood Ranch area golfing community with homeowner fees of only $485 per YEAR and no CDD fees. Located in the exclusive Planters Manor section of Greenfield Plantation, this wonderful home features 4 bedrooms, plus a den/office with built-in shelving, family room, living room, dining room, 3 full baths, and over 2500 square feet of living area. The large kitchen is open to the family room and offers corian countertops, loads of cabinet space, and an island. The range is electric, however there is a natural gas line behind the range if you wish to install a gas range. The master bath has dual sinks, a garden tub and a separate walk-in shower. New roof in 2020 with transferable warranty. Also, new microwave, dishwasher, and hot water heater. Backyard is completely fenced to contain all of your critters. Located only 1.75 miles from interstate 75 providing easy access to Sarasota and Tampa International Airports; and close to the shopping and restaurants of Lakewood Ranch. All of the benefits of living in the Lakewood Ranch area, with none of the fees.
SEE MORE
- 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
Zip Code: 34212
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34212
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,800 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$550 | |
| Property Insurance | -$191 | |
| HOA | -$40 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$157
|
||
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.
$499,000
PROJECTED PRICE
$2,800
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 3.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
7.5
YEARS SAVED
$47,581
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,800
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$2,466
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
631 Planters Manor Way Bradenton, FL 5
- 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $2,800
- $1.11
-
10604 Old Grove Cir Bradenton, FL 1
- 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2001
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,800
- $0.77
-
9009 Beacon Manor Ter Bradenton, FL 2
- 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2005
![property image]()
LEASED 04/17/20- Rent
- Rent Per SQFT
- $2,250
- $1.01
-
9104 Kingsbury Pl Bradenton, FL 3
- 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 2006
![property image]()
LEASED 02/16/21- Rent
- Rent Per SQFT
- $2,295
- $1.05
-
9103 Kingsbury Pl Bradenton, FL 4
- 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006
![property image]()
LEASED 09/28/20- Rent
- Rent Per SQFT
- $2,400
- $1.08
PROPERTY LISTING DETAILS
1.941.962.9431
Fine Properties
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4506626
Last Updated: 07/13/2021
