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6814 Arbor Oaks Cir Bradenton, FL 34209

3 Beds 2 Baths 2,158 sqft Built 1988

$365,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $169.14
  • 2 Days on Market
  • MLS # : A4482524
  • Updated Date : 11/02/2020 at 12:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,158 sqft
  • Baths : 2 full
Listing Agent

Sellstate Platinum Realty

Listing Agent's Description

One-of-a-kind open floor plan in the secluded and charming community of Arbor Oaks. This impeccably clean and naturally lighted home was custom built to allow for open living with a spacious kitchen and living area with vaulted ceilings throughout. The kitchen is a chef's dream, outfitted with 92 square feet of Corian counter space, solid wood cabinetry with sliding shelf cabinets and Lazy Susan, accent lighting below and above cabinets, lighted china cabinet, Sub-Zero 48" dual door built-in refrigerator, all updated stainless steel appliances including double self-cleaning wall Bosch ovens, island cooktop Bosch stove with power electric exhaust vent and built-in desk. Other great features include Pella windows fully insulated double pane on all exterior walls, ultra private bricked-in and screened aviary/garden off Master bathroom, central vacuum system, recessed lighting in living area, built-in entertainment center, ceiling fans throughout, wood burning fireplace, custom built closets and cabinets in all bedrooms, including walk-in master closet, interior laundry room with washer, dryer, sink, shelving and oversized 80 gallon hot water heater. The back of the home has sliding pocket doors from the living area to lanai, with an abundance of natural light with ceiling skylights, privacy, trees and greenery, and complete tranquility with an in-ground Palm Beach Spa ready to soak all your worries away. Brand new roof in 2019. No Flood Insurance required. HOA fee includes WiFi, basic cable, lawn service, irrigation and community swimming pool. Only minutes away from the beautiful beaches of the Gulf Coast, Blake hospital (1 mile away), Publix, shopping, post office and tasty restaurants. Hurry, this amazing home will not last long!

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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

Neighborhood: West Bradenton

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $97k297k

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

Neighborhood: West Bradenton

NeighborhoodNIR 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
Sea Breeze Elementary School Primary Regular 637 42 5
Sugg Middle School Middle Regular 771 47 3
Bayshore High School High Regular 1,488 74 4

Sea Breeze Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 42
5
GreatSchools Rating

Sugg Middle School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 47
3
GreatSchools Rating

Bayshore High School

  • Education Level: High
  • # of students: 1,488
  • # of teachers: 74
4
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,347
Property Tax -$461
Property Insurance -$168
HOA -$90
Property Management Fees -$80
CASH FLOW
$94

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.

$365,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 8.2%
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

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$38,001

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,970
1$1,9702$1,9993$2,2404$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 6814 Arbor Oaks Cir Bradenton, FL 3
    • 3 beds 2 baths ∙ 2,158 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,158 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.04
    •  
  • 6710 22nd Ave W Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1980
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.08
    •  
  • 3603 Summerwind Cir Bradenton, FL 2
    • 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2006
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.99
    •  
  • 3755 Summerwind Cir Bradenton, FL 4
    • 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2006
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.02
    •  
  • 6905 11th Ave W Bradenton, FL 5
    • 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1973
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.11
    •  
PROPERTY LISTING DETAILS
Nathan Mathers
1.941.720.0408
Sellstate Platinum Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4482524
Last Updated: 11/02/2020
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