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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34212
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
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
-
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
1.941.961.3258
Exit King Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4489561
Last Updated: 01/29/2021
