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7527 Birds Eye Ter Bradenton, FL 34203

3 Beds 2 Baths 2,135 sqft Built 2005

$368,500

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $172.60
  • 3 Days on Market
  • MLS # : A4490655
  • Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,135 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

3 bedroom, 2 bath, with versatile bonus room in beautiful Tara Preserve. Enjoy easy, maintenance free, Florida living with gorgeous views of the 7th fairway on The Preserve’s championship, 18 hole golf course. This well-cared for home with new exterior paint in 2019, comes with many luxury upgrades such as wood flooring, decorative niches, stainless appliances with gas range and gleaming quartz countertops with fresh, subway tile backsplash. Easily entertain guests in this open floorplan with soaring, vaulted ceilings and expansive great room with sliding glass doors leading to the screened in lanai. The spacious master suite boasts walk-in closets and a large master bath with walk-in shower, garden tub, and dual sinks. All bedrooms are located on main level with upstairs bonus room offering a multitude of uses such as a den, office, rec room or guest quarters. Enjoy sitting out on your lanai with a peaceful view of the golf course on a lot size that can accommodate a lanai expansion or pool. HOA fees include, cable, internet, community pool, tennis and pickleball. The Preserve at Tara is an active community in a prime location just minutes from everyday necessities, including The Mall at UTC, and world-renowned beaches and parks. Golf club membership is not mandatory. Tax records indicate a smaller square footage, and is in the process of being corrected by the Property Appraiser's Office. Actual square footage is as stated in listing and in original floorplan provided by builder.

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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: Tara

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $112k409k

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

Neighborhood: Tara

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
 

$331,650$405,350$368,500

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,280
Property Tax -$406
Property Insurance -$167
HOA -$140
Property Management Fees -$129
CASH FLOW
-$2

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.

$368,500

PROJECTED PRICE

$2,120

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,403

INVESTMENT

$103,403

Down Payment
$92,125
Rehab Estimate
$5,750
Closing Costs
$5,528

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,280

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,125
Loan Amount $276,375
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$22,478

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,252

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,1203$2,2004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 7527 Birds Eye Ter Bradenton, FL 2
    • 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.99
    •  
  • 6312 Cormorant Ct Bradenton, FL 1
    • 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
    •  
  • 7124 Drewrys Blf Bradenton, FL 3
    • 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
    •  
  • 8708 54th Ave E Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 1993
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.17
    •  
  • 9616 E 53rd Ter E Bradenton, FL 5
    • 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.11
    •  
PROPERTY LISTING DETAILS
Natalie Pankonin
1.941.544.2914
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490655
Last Updated: 02/06/2021
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