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6552 Meandering Way 
Lakewood Ranch, FL
34202
3 Beds 2 Baths 1,670 sqft
Built 1999
INVESTimate
$330,000
List Price
$93,200
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PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $197.60
- 3 Days on Market
- MLS # : A4475997
- Updated Date : 08/25/2020 at 17:04
CONSTRUCTION
- Beds : 3
- Floor Size : 1,670 sqft
- Baths : 2 full
Listing Agent
Premier Sothebys Intl Realty
Listing Agent's Description
Welcome to the highly desirable neighborhood of Summerfield in Lakewood Ranch. This 3-bedroom, 2-bath plus den lake view lot has an open floor plan, high ceilings and recessed lighting. The spacious gathering room offers plenty of natural light and built-ins along with sliding glass doors to enter the spacious lanai which has a salt-water pool and plenty of seating overlooking the lake. The chef’s kitchen boasts stainless steel appliances, breakfast bar and a dinette with a view. The master bedroom and bath feature your own private sliding glass door to the lanai, walk-in closet, dual sinks, and a walk-in shower. Other notable features include a study/den, two additional bedrooms, two-car garage and an inside utility room with a sink and plenty of storage. This home is minutes to Summerfield Park known for its soccer field, basketball, playground, nature trails and picnic pavilion. Close to downtown Lakewood Main Street and UTC Mall for shopping and restaurants. This home is ready and waiting for you to make it your own.
SEE MORE
- 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: Summerfield Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summerfield Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$453 | |
| Property Insurance | -$138 | |
| HOA | -$8 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$47
|
||
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.
$330,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 5.04% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
5.08
YEARS SAVED
$20,300
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,845
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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6552 Meandering Way Lakewood Ranch, 2
- 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1999
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- Rent
- Rent Per SQFT
- $1,850
- $1.11
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11202 Primrose Cir Lakewood Ranch, 1
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
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11206 Primrose Cir Lakewood Ranch, 3
- 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1997
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LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,895
- $1.10
-
11327 Blue Sage Pl Lakewood Ranch, 4
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1996
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LEASED 09/09/19- Rent
- Rent Per SQFT
- $1,900
- $1.19
-
6522 Deerberry Ct Lakewood Ranch, 5
- 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 1996
![property image]()
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,995
- $1.13
PROPERTY LISTING DETAILS
1.941.809.7759
Premier Sothebys Intl Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4475997
Last Updated: 08/25/2020
