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1102 Millbrook Cir Bradenton, FL 34212

3 Beds 2 Baths 1,342 sqft Built 2000

$269,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $201.12
  • 6 Days on Market
  • MLS # : A4489561
  • Updated Date : 01/29/2021 at 13:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,342 sqft
  • Baths : 2 full
Listing Agent

Exit King Realty

Listing Agent's Description

Imagine a 3 bedroom, 2 bath, 2-car garage home with low HOA in a golf course community, with community pool just around the corner for under $300K! New roof within the past two years, new a/c within the past year, interior painted within the past two years! Gas stove, screened lanai, private backyard, mature landscaping, breakfast bar, walk-in pantry. Master bedroom with en suite and walk-in closet. Laundry room, open living concept with high ceilings. Lots of great natural light. Just off SR64, near I-75. Greenfield Plantation is a public gold course so you do not have to join to play!

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

Zip Code: 34212

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $112k431k

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

Zip Code: 34212

ZipNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942915

* 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
Freedom Elementary School Primary Regular 796 51 5
Haile Middle School Middle Regular 1,068 56 6
Braden River High School High Regular 1,999 90 6

Freedom Elementary School

  • Education Level: Primary
  • # of students: 796
  • # of teachers: 51
5
GreatSchools Rating

Haile Middle School

  • Education Level: Middle
  • # of students: 1,068
  • # of teachers: 56
6
GreatSchools Rating

Braden River High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 90
6
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$937
Property Tax -$297
Property Insurance -$118
HOA -$110
Property Management Fees -$129
CASH FLOW
$98

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.

$269,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$26,003

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,217

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4003$1,5004$1,690
$1,690
RENT COMPS ANALYSIS
  • 1102 Millbrook Cir Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.26
    •  
  • 825 Tallgrass Ln Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1999
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 1289 Millbrook Circle Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 952 Springwood Cir Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1997
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Linda Donath
1.941.961.3258
Exit King Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4489561
Last Updated: 01/29/2021
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