Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $176.93
- 2 Days on Market
- MLS # : A4489347
- Updated Date : 01/23/2021 at 12:35
CONSTRUCTION
- Beds : 4
- Floor Size : 2,289 sqft
- Baths : 3 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
One or more photo(s) has been virtually staged. Meticulously maintained, lake-front home with four bedrooms, three full baths located in popular Greenbrook Village (Lakewood Ranch). You will immediately be impressed by the curb appeal of the side entry garage, long driveway and surrounding landscape on this peaceful street. The home is inviting with ceramic tile throughout common areas which complements the light and open floorplan with high ceilings. There is room for everyone with both a living room and family room along with the spacious master suite. If you find yourself working from home, any of the three guest suites would make a perfect home office or home gym. The kitchen has neutral counters and cabinets that will allow you to make this home yours upon moving in and the chef will love the gas range! Enjoy a cup of coffee in your breakfast nook with calm morning views through the aquarium glass windows across the lake. The split floor plan will allow everyone their own space and privacy with multiple access points out to the serene back patio. The builder planned ahead for a pool with a full pool bath, water/electric hook-up and ample lot space with desirable SW sun exposure. This home has it all; whole home water filtration, security system, enhanced security screens on back patio and hurricane shutters for those with safety in mind. Only a short bike ride to The Adventure Park with basketball, open fields, playground and a dog park. Located only 10 minutes to Lakewood Ranch Main Street, 25 minutes to Downtown Sarasota and 30 minutes to the amazing Gulf beaches. This location will put you near all the fun and sun that Southwest FL has to offer. Make this your gorgeous home today! Be sure to see the virtual tour & video here http://www.landpage.co/royaltern
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Greenbrook Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greenbrook Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,720 |
| EXPENSES | Loan Payment | -$1,407 |
| Property Tax | -$565 | |
| Property Insurance | -$176 | |
| HOA | -$9 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$434
|
||
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.
$405,000
PROJECTED PRICE
$2,720
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$113,075
LOAN DETAILS
$1,407
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
11.33
YEARS SAVED
$69,931
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,720
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$2,489
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
6447 Royal Tern Cir Lakewood Ranch, FL 4
- 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,720
- $1.19
-
6550 Field Sparrow Gln Bradenton, FL 1
- 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 2004
LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,100
- $0.99
-
6464 Blue Grosbeak Cir Lakewood Ranch, FL 2
- 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 2003
LEASED 06/03/20- Rent
- Rent Per SQFT
- $2,195
- $1.05
-
14024 Nighthawk Ter Lakewood Ranch, FL 3
- 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2003
LEASED 03/22/20- Rent
- Rent Per SQFT
- $2,700
- $1.11
-
6214 Warbler Ln Lakewood Ranch, FL 5
- 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2002
LEASED 01/19/21- Rent
- Rent Per SQFT
- $2,875
- $1.20
PROPERTY LISTING DETAILS
1.941.713.9234
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4489347
Last Updated: 01/23/2021
