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6606 Oakbrooke Cir Bradenton, FL 34202

3 Beds 2 Baths 1,532 sqft Built 1993

$287,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $187.34
  • 3 Days on Market
  • MLS # : T3284492
  • Updated Date : 01/23/2021 at 08:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

WOW! Great Location with park-like setting in the River Club North Community of Lakewood Ranch. You will love this very nice 3 bedroom/2 bath home with nearby elementary, middle, and high schools. Enter into a high-ceiling Great Room setting with 4 accordion-style glass sliders that open across the Great Room to an expansive 16x23 screened lanai – wonderful for hosting family and friends social events. The large kitchen with bar-top counter has an eat-in area for table/4 chair set, pantry and an island for storage and prep. The large Master Suite has a door to the screened lanai and large walk-in closet. Master bath offers His and Her sinks, shower, and separate water closet. **New Tile roof **New Water Heater **H/AC 2014 **Exterior painted 2013. Easy walk to The River Club, a Four Star Golf Facility. You can be on the green in no time.

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

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
 

$258,300$315,700$287,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$997
Property Tax -$316
Property Insurance -$130
HOA -$126
Property Management Fees -$129
CASH FLOW
$143

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.

$287,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.64%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,805

INVESTMENT

$81,805

Down Payment
$71,750
Rehab Estimate
$5,750
Closing Costs
$4,305

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,750
Loan Amount $215,250
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$31,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8403$1,8954$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 6606 Oakbrooke Cir Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.20
    •  
  • 11202 Primrose Cir Lakewood Ranch, FL 1
    • 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1996
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 11206 Primrose Cir Lakewood Ranch, FL 3
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1997
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.10
    •  
  • 11923 Winding Woods Way Lakewood Ranch, FL 4
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1998
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.13
    •  
  • 6552 Meandering Way Lakewood Ranch, FL 5
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1999
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.14
    •  
PROPERTY LISTING DETAILS
Susie Collins
1.813.416.6432
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284492
Last Updated: 01/23/2021
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