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7135 67th Ter E Bradenton, FL 34203

3 Beds 2 Baths 2,053 sqft Built 2004

INVESTimate

$339,900

List Price

$1,920

$1,728 - $2,112

Rent Est.

$358,493  ( +5.47%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $165.56
  • 28 Days on Market
  • MLS # : N6111216
  • Updated Date : 08/23/2020 at 08:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,053 sqft
  • Baths : 2 full
Listing Agent

American Eagle Realty, Inc.

Listing Agent's Description

Beautiful Sanibel model with red tile roof and paver drive located on a cul-de-sac in River Place. This 3Br/2BA home features a Great Room design with glass sliders to Lanai. Master Suite has tray ceiling, slider access to lanai, large walk in closet; master bath has his & her sinks, make up area, walk in shower and garden tub. Eat in kitchen with with pantry, wood cabinets, breakfast bar, new stainless steel natural gas range, with microwave hood, new stainless steel refrigerator and new dishwasher. Hot Water Heater is a Tankless Water Heater. Beautiful community along the Braden River, close to Tara Preserve Golf Course. Amenities include clubhouse with meeting room. media room, fitness center, lakeside pool, playground, nature walk, and canoe/kayak community launch. Easy assess to I-75, shopping, entertainment, restaurants, and great school district.

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

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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,254
Property Tax -$374
Property Insurance -$162
HOA -$107
Property Management Fees -$80
CASH FLOW
-$57

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.

$339,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 5.47%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$20,402

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,7953$1,9204$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 7135 67th Ter E Bradenton, 3
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.94
    •  
  • 6650 Tailfeather Way Bradenton, 1
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.80
    •  
  • 6312 Cormorant Ct Bradenton, 2
    • 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 7115 68th Dr E Bradenton, 4
    • 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 2004
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.01
    •  
  • 7123 67th Ter E Bradenton, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Joe Kowalczyk
1.941.408.8277
American Eagle Realty, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6111216
Last Updated: 08/23/2020
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