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6409 Stone River Rd 
Bradenton, FL
34203
3 Beds 3 Baths 2,234 sqft
Built 1990
INVESTimate
$278,000
List Price
$79,420
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PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $124.44
- 2 Days on Market
- MLS # : A4476296
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,234 sqft
- Baths : 3 full
Listing Agent
Mapp Realty & Investment Co
Listing Agent's Description
INVESTOR ALERT! Large Family Home located in Beautiful Tara Golf and Country Club. Open floor plan with high ceilings. Split floor plan that flows easily for entertaining. Separate Family Room with view of the back yard and lanai. Laminate and Tile throughout. Laundry room with front loading machines included. This property has a Class "B" social membership to the Tara Golf and Country Club. Amenities include: Tennis, Dining, Clubhouse, Fitness Center and Pool w/Spa. Property is leased through October 2022 so perfect for an investor or someone that wants to buy now and move into the house later on. NO Showings without accepted contract for initial inspections. Please do not disturb tenants. See attached FEE SCHEDULE FOR ALL CLUB FEES RELATED!
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 34203
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34203
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,026 |
| Property Tax | -$354 | |
| Property Insurance | -$173 | |
| HOA | -$75 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$472
|
||
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.
$278,000
PROJECTED PRICE
$2,180
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 5.47% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,420
LOAN DETAILS
$1,026
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,500 |
| Loan Amount | $208,500 |
13.83
YEARS SAVED
$72,586
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,200
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
6409 Stone River Rd Bradenton, 4
- 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $2,180
- $0.98
-
5219 60th Dr E Bradenton, 1
- 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 2007
![property image]()
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,875
- $0.96
-
5002 58th Ter E Bradenton, 2
- 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2006
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.97
-
7527 Birds Eye Ter Bradenton, 3
- 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2005
![property image]()
LEASED 04/01/19- Rent
- Rent Per SQFT
- $2,150
- $1.01
-
7124 Drewrys Blf Bradenton, 5
- 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1997
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,200
- $1.00
PROPERTY LISTING DETAILS
1.941.379.2448
Mapp Realty & Investment Co
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4476296
Last Updated: 08/26/2020
