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1146 Millbrook Cir Bradenton, FL 34212

3 Beds 2 Baths 1,840 sqft Built 2000

$315,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $171.20
  • 4 Days on Market
  • MLS # : A4490624
  • Updated Date : 02/05/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,840 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Skyline

Listing Agent's Description

This house is in the perfect location between the Manatee River and Lakewood Ranch just far enough away from city traffic but in the middle of everything at the same time with NO CDD in a GOLF COMMUNITY at the LINKS GOLF COURSE that supports a nice club house that serves delicious food and they have great rates year round. This 3 bedroom 2 bathroom spacious floor plan has a 2 car garage and sits on a beautiful pond overlooking the golf course and is only 50 yards from the community pool. Built in 2000 the owner has just put a new roof on before listing with a fresh coat of paint leaving you with a move in ready house with an open concept and a huge master bedroom with a walk in closet and large master bathroom. Come take a tour today of this beautiful house and community so you see the quality and peaceful surroundings for yourself!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,094
Property Tax -$347
Property Insurance -$149
HOA -$110
Property Management Fees -$129
CASH FLOW
$101

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.

$315,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.61%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$29,084

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,725

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,6504$1,9305$2,095
$2,095
RENT COMPS ANALYSIS
  • 1146 Millbrook Cir Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.05
    •  
  • 9910 Sugar Mill Dr Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1999
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 952 Springwood Cir Bradenton, FL 2
    • 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
    •  
  • 10124 Reagan Dairy Trl Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1999
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 8997 Stone Harbour Loop Bradenton, FL 5
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2005
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.02
    •  
PROPERTY LISTING DETAILS
Robert E Lunt, Iii
1.941.879.4730
Realty One Group Skyline
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490624
Last Updated: 02/05/2021
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