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6713 Pleasant Hill Rd Bradenton, FL 34203

3 Beds 3 Baths 2,132 sqft Built 1997

$425,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $199.34
  • 2 Days on Market
  • MLS # : A4486686
  • Updated Date : 12/26/2020 at 12:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,132 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fine Properties

Listing Agent's Description

AN AWESOME POND AND GOLF COURSE VIEW, QUALITY, CURB APPEAL AND UNPARALLED UPDATES await you in this stunning home located in Tara Golf & River Club. Pride of ownership shows in every corner of the 3 bedroom plus den, 2 1/2 bath home with 2 car garage. The bright, open, split floor plan and expansive lanai (1700 sq ft) enhance the functionality and enjoyment of the home. Over $80,000 has been invested in the numerous owner improvements including: NEW Air Conditioning with all new duct work, completely REMODELED kitchen, NEW BOSCH APPLIANCES, NEW ceiling fans, NEW interior paint in all rooms, RECREENING AND PAINTING of entire lanai area, to name just a few of the upgrades. Residents of Tara Golf & Country Club enjoy many amenities including but not limited to the golf course, clubhouse, restaurant, fitness center, swimming pool, snack bar and tennis courts. Do not miss this opportunity to live in this quality home and begin enjoying the beautiful view, peace and tranquility it offers.

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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: 34203

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k302k

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

Zip Code: 34203

ZipNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100Rent in $11792107

* 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,568
Property Tax -$468
Property Insurance -$167
HOA -$79
Property Management Fees -$129
CASH FLOW
$150

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.

$425,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$51,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,297

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,4954$2,5605$2,600
$2,600
RENT COMPS ANALYSIS
  • 6713 Pleasant Hill Rd Bradenton, FL 4
    • 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.20
    •  
  • 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
    •  
  • 6759 Coyote Ridge Ct University Park, FL 3
    • 3 beds 2 baths ∙ 2,458 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,458 Sqft ∙ Built 2001
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.02
    •  
  • 6227 Skyward Ct Bradenton, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Karen Enis
1.941.224.0297
Fine Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4486686
Last Updated: 12/26/2020
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