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6215 Braden Run Bradenton, FL 34202

3 Beds 2 Baths 2,428 sqft Built 1983

$499,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $205.52
  • 4 Days on Market
  • MLS # : A4484627
  • Updated Date : 12/03/2020 at 14:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,428 sqft
  • Baths : 2 full
Listing Agent

Century 21 All Aces Realty

Listing Agent's Description

Your country oasis awaits you in the highly sought-after community of “Braden Woods”. Top Rated school district and only minutes away from I-75 for easy commute north to St. Pete/Tampa or south to Sarasota. Located on a 1-acre corner lot, in a community boasting with majestic oaks, you and your family will find this spacious floor plan the perfect place to call home. Kitchen has been updated with granite counters and beautiful rich cherry cabinets complete with crown molding. The chef will love the additional drawer space for all those kitchen gadgets. Stainless Steel appliances, built in desk area and pantry complete this spacious kitchen. There is also a pass through to the lanai as an added convenience and a breakfast bar. The oversized Great Room has cathedral ceilings and the dining room has French doors that lead you to your spacious covered/screened lanai where you will enjoy quiet relaxation or get togethers with family and friends. The master bedroom offers a large walk in closet with built ins and an additional closet as well. Master bath has a tub w/shower and linen closet. Indoor 9x8 utility room with washer and dryer allows for plenty of additional storage. A nearby door leads you to yet another covered/screened lanai area that might be perfect to turn into a 4th bedroom or private office if needed. Flooring has been updated and the oversized garage is an added bonus. Rarely available, this BRADEN WOODS home is close to shopping, UTC mall, restaurants, medical facilities, Le Com medical and dentistry colleges and all the amenities of Lakewood Ranch. NO CDD FEES AND A LOW ANNUAL HOA FEE.

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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: 34202

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $112k509k

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

Zip Code: 34202

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
Braden River Elementary School Primary Regular 672 46 6
Braden River Middle School Middle Regular 977 56 5
Lakewood Ranch High School High Regular 2,299 95 7

Braden River Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 46
6
GreatSchools Rating

Braden River Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 56
5
GreatSchools Rating

Lakewood Ranch High School

  • Education Level: High
  • # of students: 2,299
  • # of teachers: 95
7
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,841
Property Tax -$550
Property Insurance -$185
HOA -$17
Property Management Fees -$129
CASH FLOW
$9

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.

$499,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 4.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$41,026

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,744

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,6004$2,7305$3,000
$3,000
RENT COMPS ANALYSIS
  • 6215 Braden Run Bradenton, FL 4
    • 3 beds 2 baths ∙ 2,428 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,428 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $1.12
    •  
  • 10346 Palmbrooke Ter Bradenton, FL 1
    • 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 1994
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.06
    •  
  • 6401 Shoal Creek Street Cir Bradenton, FL 2
    • 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 1990
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.20
    •  
  • 6747 Tailfeather Way Bradenton, FL 3
    • 3 beds 3 baths ∙ 2,351 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,351 Sqft ∙ Built 2003
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.11
    •  
  • 8701 52nd Ave E Bradenton, FL 5
    • 3 beds 3 baths ∙ 2,601 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,601 Sqft ∙ Built 1995
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.15
    •  
PROPERTY LISTING DETAILS
Linda Johnston
1.941.320.6038
Century 21 All Aces Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484627
Last Updated: 12/03/2020
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