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

7345 Arrowhead Run Lakewood Ranch, FL 34202

3 Beds 2 Baths 1,991 sqft Built 2001

$389,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $195.38
  • 3 Days on Market
  • MLS # : O5907368
  • Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,991 sqft
  • Baths : 2 full
Listing Agent

Beycome Of Florida Llc

Listing Agent's Description

Built by “Homes by Towne” this 3 bedroom, 2 bath split plan with a large covered porch on private lot. This 2,879 SqFt Under Roof home has an open “Northwood” design with cathedral ceilings, spacious kitchen and breakfast bar, upgraded cabinetry and Corian counters. Separate formal dining room. Luxurious master suite and bath.Plantation shutters throughout. This home just had $65,780 in upgrades. New Coretec LVP flooring throughout the entire home. New or newer appliances. New luxury spa shower heads in the master bath and second bathroom. All faucets in kitchen and bathrooms have been upgraded. The large covered porch has just been tiled with Antiche Abbasie Grip porcelaine tile. One year old high performance Trane AC. Newer Owens Corning Duration sandune roof shingles with 2 solar attic fans to reduce energy bill. New gutters have been installed. New energy savings lighting and new fans throughout the home. New Nest thermostat, new garage door opener and Schlage door lock can all be controlled remotely by phone. The whole house and garage have been freshly painted in neutral colors and new baseboard has been installed in the whole house. New landscaping and outdoor lighting add great appeal in welcoming you to your new home

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,435
Property Tax -$534
Property Insurance -$158
HOA -$8
Property Management Fees -$80
CASH FLOW
$124

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.

$389,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.5%
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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$43,295

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,334

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2503$2,3004$2,3405$2,495
$2,495
RENT COMPS ANALYSIS
  • 7345 Arrowhead Run Lakewood Ranch, FL 4
    • 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.18
    •  
  • 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
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
  • 7151 Spikerush Ct Lakewood Ranch, FL 2
    • 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2000
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.11
    •  
  • 11511 Sweetflag Dr Lakewood Ranch, FL 3
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 2000
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.25
    •  
  • 11502 Pimpernel Dr Lakewood Ranch, FL 5
    • 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 2001
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.30
    •  
PROPERTY LISTING DETAILS
Herve Barbera
1.844.239.2663
Beycome Of Florida Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907368
Last Updated: 11/21/2020
BESbswy