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6315 Robin Cv Lakewood Ranch, FL 34202

3 Beds 2 Baths 1,670 sqft Built 2003

$349,990

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $209.57
  • 2 Days on Market
  • MLS # : A4492847
  • Updated Date : 03/20/2021 at 04:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,670 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade Inc

Listing Agent's Description

Welcome home to Robin Cove! This Lakewood Ranch home is near "A" rated schools, its own Main Street with shopping, Movie Theater, great restaurants and a Hospital. Greenbrook Village has miles of sidewalks for sunset walks and a beautiful park. All located close to I-75 for easy commutes.This 3 bedroom, 2 bathroom home located in the quaint community of Greenbrook has everything you’d want to make you feel right at home! The home features a large enclosed patio and outdoor space, along with a spacious grilling area for the ultimate backyard experience. As you enter through the front door you’ll notice the bright, open floorplan with a separate living area and formal dining room complete with a half bathroom to ensure your family or guests will feel right at home. You’ll pass your spacious laundry room as you head into the open floor plan kitchen and living/dining area.The sought after community of Greenbrook has low HOA fees, is near top rated schools in the area and is ideally located in Lakewood Ranch just minutes from I-75 to get to Bradenton, Sarasota, St. Petersburg, Tampa and more. The Greenbrook Adventure Park is perfect for those with an adventurous spirit! Great for birthday parties or any outdoor celebrations. Greenbrook Adventure Park features an inline skating track, sports fields, miles of trails, and picnic pavilions to reserve as well as a dog park! Close to shopping, restaurants and entertainment galore, make sure to add this home to the top of your “Must See” list!

SEE MORE

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: 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
 

$314,991$384,989$349,990

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,216
Property Tax -$480
Property Insurance -$138
HOA -$9
Property Management Fees -$129
CASH FLOW
-$42

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.

$349,990

PROJECTED PRICE

$1,930

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.2%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,497

INVESTMENT

$98,497

Down Payment
$87,498
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 $87,498
Loan Amount $262,493
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$18,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,925

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,9304$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 6315 Robin Cv Lakewood Ranch, FL 3
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.16
    •  
  • 6329 Robin Cv Lakewood Ranch, FL 1
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2003
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.08
    •  
  • 12715 Rockrose Gln Lakewood Ranch, FL 2
    • 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 1999
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.22
    •  
  • 6519 Blue Grosbeak Cir Lakewood Ranch, FL 4
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2003
    LEASED 03/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.07
    •  
  • 13826 Waterthrush Pl Lakewood Ranch, FL 5
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2003
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.24
    •  
PROPERTY LISTING DETAILS
Mark Richman
1.941.677.8005
Dalton Wade Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4492847
Last Updated: 03/20/2021
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