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6380 Robin Cv Lakewood Ranch, FL 34202

4 Beds 2 Baths 1,411 sqft Built 2003

INVESTimate

$285,000

List Price

$1,710

$1,539 - $1,881

Rent Est.

$294,120  ( +3.20%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $201.98
  • 7 Days on Market
  • MLS # : A4475936
  • Updated Date : 08/25/2020 at 06:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,411 sqft
  • Baths : 2 full
Listing Agent

Barrett Realty, Inc

Listing Agent's Description

Welcome to Greenbrook Village located in the sought after master community of Lakewood Ranch. This 4 bedroom 2 bath home features and open floor plan with over 1,400 square feet of room to make memories in. The open kitchen onto the living room with gas range is perfect to entertain all your family and friends. The split floor bedroom plan allows you to relax in your spacious master bedroom with large walk-in closet and it’s own master bathroom. Enjoy the wildlife that Lakewood Ranch has to offer on your screened in back porch or outside fire pit overlooking the peaceful pond. Greenbrook Village has one of the least expensive CDD fees in all of Lakewood Ranch and offers playgrounds, parks, and peaceful walking trails. Lakewood Ranch is one of the top Master Communities in the United States and offers “A” rated schools, top rated golf courses, its own Main Street and so much more. Minutes away from shopping, restaurants, the highway and Florida’s white sandy beaches this home is one that you will want to see.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,052
Property Tax -$391
Property Insurance -$123
HOA -$9
Property Management Fees -$80
CASH FLOW
$56

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.

$285,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.20%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$27,591

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,415

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,3504$1,7105$1,800
$1,800
RENT COMPS ANALYSIS
  • 6380 Robin Cv Lakewood Ranch, 4
    • 4 beds 2 baths ∙ 1,411 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,411 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.21
    •  
  • 15103 Searobbin Dr Lakewood Ranch, 1
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.02
    •  
  • 13815 Waterthrush Pl Lakewood Ranch, 2
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 2006
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 6347 Robin Cv Lakewood Ranch, 3
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2003
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 6252 Macaw Gln Lakewood Rch, 5
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2001
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.16
    •  
PROPERTY LISTING DETAILS
Francesca Talamo Rossi
1.941.744.7004
Barrett Realty, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4475936
Last Updated: 08/25/2020
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