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8839 Stone Harbour Loop Bradenton, FL 34212

3 Beds 2 Baths 1,980 sqft Built 2005

$375,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $189.39
  • 5 Days on Market
  • MLS # : A4487747
  • Updated Date : 01/07/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,980 sqft
  • Baths : 2 full
Listing Agent

Starz Real Estate, Llc

Listing Agent's Description

DO NOT MISS OUT! This is your opportunity to own the perfect home in the gated Stoneybrook section of the highly desirable gold course community of Heritage Harbour. This gorgeous and well-cared-for 1 story home is a 3 bed/2 bath with a 2 car garage. Inside this home you will immediately notice a very open and inviting feel. The kitchen, complete with stainless steel appliances and granite countertops, flows beautifully into the dining area and living space. All 3 bedrooms are generously sized and the master suite includes a large bathroom and views of your stunning yard. The outdoor space is wonderfully landscaped and your property line ends at the preserve so you will never have to worry about any buildings behind you. Enjoy your outdoor entertaining either in your extended screened-in lanai or out on the back patio. This neighborhood not only includes golfing opportunities but also a community pool and clubhouse. This home is also close to shopping, dining, and the amazing beaches of Anna Maria Island. Do not miss this opportunity. Schedule your showing today!

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: 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
 

$337,500$412,500$375,000

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 -$1,303
Property Tax -$413
Property Insurance -$157
HOA -$111
Property Management Fees -$129
CASH FLOW
$7

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.

$375,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.57%

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

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$24,099

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
  • $1.07

    LIST RENT PER SQFT
  • $1,812

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$2,0954$2,1205$2,250
$2,250
RENT COMPS ANALYSIS
  • 8839 Stone Harbour Loop Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.07
    •  
  • 9910 Sugar Mill Dr Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1999
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 8949 Stone Harbour Loop Bradenton, FL 2
    • 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 8997 Stone Harbour Loop Bradenton, FL 3
    • 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2005
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.02
    •  
  • 9009 Beacon Manor Ter Bradenton, FL 5
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2005
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.01
    •  
PROPERTY LISTING DETAILS
Robert Louloudes
1.941.549.1636
Starz Real Estate, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4487747
Last Updated: 01/07/2021
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