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7102 Bluebell Ct Lakewood Ranch, FL 34202

4 Beds 2 Baths 2,093 sqft Built 2001

$409,500

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $195.65
  • 2 Days on Market
  • MLS # : A4490124
  • Updated Date : 01/31/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,093 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful 3/4 bedroom pool home, available. 4th bedroom can be used as den. Tastefully decorated, upgrades galore, many designer and custom features, including hardwood flooring, heated sparkling pool, new lush landscaping, custom window treatments, beautiful water views, stainless steel appliances, quartz countertops in kitchen and baths, new pool pump, brand new roof, new custom tile in baths, freshly painted interior, extended driveway, extended rear lanai for more relaxing around pool, many custom built-ins, plantation shutters, crown molding throughout, upgraded appliances, cul-de-sac. You will love this wonderful Lakewood Ranch community, with A-rated schools, public and private golf courses, miles of walking trails throughout, parks, tennis courts. Something for everyone! Hurry, won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Riverwalk

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k509k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Riverwalk

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
Willis Elementary School Primary Regular 729 45 10
Nolan Middle School Middle Regular 1,130 60 7
Lakewood Ranch High School High Regular 2,299 95 7

Willis Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 45
10
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
 

$368,550$450,450$409,500

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,422
Property Tax -$562
Property Insurance -$164
HOA -$8
Property Management Fees -$129
CASH FLOW
$134

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.

$409,500

PROJECTED PRICE

$2,420

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,268

INVESTMENT

$114,268

Down Payment
$102,375
Rehab Estimate
$5,750
Closing Costs
$6,143

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,422

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,375
Loan Amount $307,125
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$38,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,224

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,2504$2,3955$2,420
$2,420
RENT COMPS ANALYSIS
  • 7102 Bluebell Ct Lakewood Ranch, FL 5
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.16
    •  
  • 11519 Pimpernel Dr Lakewood Ranch, FL 1
    • 3 beds 3 baths ∙ 2,026 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,026 Sqft ∙ Built 2001
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
  • 7156 Spikerush Ct Lakewood Ranch, FL 2
    • 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 2000
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
  • 7151 Spikerush Ct Lakewood Ranch, FL 3
    • 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2000
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.11
    •  
  • 11223 Marigold Dr Lakewood Ranch, FL 4
    • 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1996
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.07
    •  
PROPERTY LISTING DETAILS
Rita Smith
1.941.321.3224
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490124
Last Updated: 01/31/2021
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