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6820 Arbor Oaks Dr Bradenton, FL 34209

3 Beds 2 Baths 1,979 sqft Built 1985

$295,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $149.07
  • 2 Days on Market
  • MLS # : A4482786
  • Updated Date : 11/07/2020 at 14:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,979 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Select

Listing Agent's Description

Arbor Oaks gem! Surround yourself with beautiful mature trees and a very private setting in this 2-story, newly remodeled home with brand new stainless kitchen appliances, new interior paint, and beautiful vinyl plank flooring throughout - NO CARPET! This charming home with Southern exposure sits in the cul-de-sac in the desirable community of Arbor Oaks in West Bradenton. Master bedroom is located on the main level, walk up the staircase with wood look vinyl plank flooring and two more large bedrooms await. Open the sliding glass doors and enter your large covered lanai to enjoy outdoor living and great bbqs. The inside and outside flow beautifully in this open great room plan. Close to Anna Maria and all the beautiful beaches. Community pool, lawn maintenance, and basic cable included in the low $270 per month HOA fee! What a wonderful place to call home!

SEE MORE

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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,088
Property Tax -$373
Property Insurance -$157
HOA -$270
Property Management Fees -$80
CASH FLOW
$1

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.

$295,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,043

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$1,9704$1,9705$2,400
$2,400
RENT COMPS ANALYSIS
  • 6820 Arbor Oaks Dr Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.00
    •  
  • 6803 Heritage Ln Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1983
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 7407 24th Ave W Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1981
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.02
    •  
  • 6710 22nd Ave W Bradenton, FL 3
    • 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
    •  
  • 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
Shari Norwick Pa
1.941.320.9388
Keller Williams Realty Select
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4482786
Last Updated: 11/07/2020
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