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6230 Skyward Ct Bradenton, FL 34203

4 Beds 3 Baths 2,243 sqft Built 2002

$369,900

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $164.91
  • 3 Days on Market
  • MLS # : A4488636
  • Updated Date : 01/16/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,243 sqft
  • Baths : 3 full
Listing Agent

Fine Properties

Listing Agent's Description

Beautiful WATERVIEW home in a golf course community with NO mandatory golf membership fees. This immaculate four bedroom home features an open floor plan with cathedral ceilings. The oversized master suite features a separate door that leads outside to the screened in lanai. Large bonus room upstairs with a full bathroom the possibilities are endless for this room. The community offers activities for everyone heated pool and spa, tennis courts, community clubhouse and No CDD FEES! The exterior and interior of the home was recently painted.

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: Tara

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $112k409k

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

Neighborhood: Tara

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
Tara Elementary School Primary Regular 606 40 6
Braden River Middle School Middle Regular 977 56 5
Braden River High School High Regular 1,999 90 6

Tara Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 40
6
GreatSchools Rating

Braden River Middle School

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

Braden River High School

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

$332,910$406,890$369,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,285
Property Tax -$407
Property Insurance -$174
HOA -$72
Property Management Fees -$129
CASH FLOW
$473

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.

$369,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.3%
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$30k

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

12.33

YEARS SAVED

$71,271

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,602

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,5404$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 6230 Skyward Ct Bradenton, FL 3
    • 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.13
    •  
  • 7123 67th Ter E Bradenton, FL 1
    • 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 7124 Drewrys Blf Bradenton, FL 2
    • 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1997
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 6227 Skyward Ct Bradenton, FL 4
    • 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 2002
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.26
    •  
  • 7015 Chickasaw Bayou Rd Bradenton, FL 5
    • 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 1994
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.35
    •  
PROPERTY LISTING DETAILS
Chantelle Johnson
1.941.713.3594
Fine Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488636
Last Updated: 01/16/2021
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