Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7056 Montauk Point Xing Bradenton, FL 34212

4 Beds 3 Baths 2,195 sqft Built 2006

$280,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $127.56
  • 2 Days on Market
  • MLS # : C7439841
  • Updated Date : 03/13/2021 at 23:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,195 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dalton Wade Inc

Listing Agent's Description

This spacious and stylish home is set within the highly desirable Lighthouse Cove at Heritage Harbour and promises the idyllic lifestyle so many crave. You will enjoy 2,195sqft of light-filled living space including four bedrooms, two full baths, one half-bath and a long list of modern updates. All new stainless steel appliances were added to the kitchen in 2017 which also boasts a breakfast bar and an open design that overlooks the dining area. From here, you can move outside to the screened-in porch and backyard or host guest in the generous living room. The interior and exterior have been freshly painted plus new lighting and plumbing fixtures were installed in 2017. Large walk-in closets ensure added practicality and there’s a bonus room on the upper level which could be adapted to suit your needs. The renowned Heritage Harbour community offers residents access to ball fields, playground with private pavilions, fishing, canoeing and a 106-acre park. The 70-acre Beacon Lake provides a multipurpose trail plus there’s shopping, dining options, community events and miles of interconnecting sidewalks. This Heritage Harbour community is in close proximity to Lakewood Ranch, Sarasota, the beaches, golf courses and so much more. It is uniquely positioned for a quick commute to St. Petersburg and Tampa, if you wish to head up and catch the Bucs, Rays, or the Lighting. It's all here waiting for you! Schedule your tour today or take advantage of the virtual tour provided.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Heritage Harbour

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $112k409k

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

Neighborhood: Heritage Harbour

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942856

* 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
Freedom Elementary School Primary Regular 796 51 5
Haile Middle School Middle Regular 1,068 56 6
Braden River High School High Regular 1,999 90 6

Freedom Elementary School

  • Education Level: Primary
  • # of students: 796
  • # of teachers: 51
5
GreatSchools Rating

Haile Middle School

  • Education Level: Middle
  • # of students: 1,068
  • # of teachers: 56
6
GreatSchools Rating

Braden River High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 90
6
GreatSchools Rating
 

$252,000$308,000$280,000

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 -$973
Property Tax -$308
Property Insurance -$171
HOA -$42
Property Management Fees -$129
CASH FLOW
$347

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.

$280,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.2%
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$1.0M

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$52,503

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
  • $0.9

    LIST RENT PER SQFT
  • $1,981

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7993$1,8504$1,9705$2,300
$2,300
RENT COMPS ANALYSIS
  • 7056 Montauk Point Xing Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.90
    •  
  • 259 Heritage Isles Way Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 7035 Montauk Point Xing Bradenton, FL 2
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2006
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.82
    •  
  • 339 Heritage Isles Way Bradenton, FL 3
    • 5 beds 4 baths ∙ 2,016 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,016 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 7027 Montauk Point Xing Bradenton, FL 5
    • 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2006
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Laura Millslagle
1.941.204.1687
Dalton Wade Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7439841
Last Updated: 03/13/2021
BESbswy