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9110 Brookfield Ter Bradenton, FL 34212

4 Beds 3 Baths 2,503 sqft Built 2005

$479,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $191.37
  • 2 Days on Market
  • MLS # : A4482461
  • Updated Date : 11/02/2020 at 12:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,503 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to your new home! This immaculate home is a rare gem! The open floor plan offers gorgeous views of the pool and preserve with 4 sets of sliding glass doors which open to the huge screened Lanai and pool area. The open, spacious feel from the 16 ft. ceilings combined with the walls of windows truly bring the gorgeous pool and wooded views right into your home. The kitchen opens to the dinette as well as the great room and includes a cooktop, wall oven, wood cabinets, Stainless Steel appliances, and granite counter tops. The great room with the vaulted ceiling and built in cabinets is a great place to gather with family. The Master bedroom retreat includes the gorgeous views, sitting area, walk-in closet, 2nd extra closet and an en-suite bath with wood cabinetry, stone counter tops, separate Tub & Shower, and dual sinks. The back bedroom includes a wall of windows and a sliding door to again show off the preserve and pool views. The large sparkling heated Pool & Spa on the huge lanai with 2 covered verandas are perfect for relaxing or entertaining. New updates in the past year include: NEW AC, washer and dryer, pool heater, pool pump, carpet and painted interior. This home complete with a 3 car garage with a quiet cul-de-sac location is a rare find. Stoneybrook community has no mandatory golf fees and offers countless amenities including: swimming pools, basketball courts, sand volleyball courts, pickle ball, boccie ball, tennis courts, fitness center, park, rec center, a dog park and so much more! This immaculate home is in a superb location with easy access to dining, shopping, parks and the beaches. All you need is your personal items and you are ready to make this one your new 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: 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
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,767
Property Tax -$552
Property Insurance -$190
HOA -$111
Property Management Fees -$80
CASH FLOW
$69

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.

$479,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.58%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$43,835

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,453

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,1003$2,4004$2,7705$2,990
$2,990
RENT COMPS ANALYSIS
  • 9110 Brookfield Ter Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.11
    •  
  • 10604 Old Grove Cir Bradenton, FL 1
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2001
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 9104 Kingsbury Pl Bradenton, FL 2
    • 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 2006
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 9103 Kingsbury Pl Bradenton, FL 3
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2006
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
  • 147 New Briton Ct Bradenton, FL 5
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2004
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.11
    •  
PROPERTY LISTING DETAILS
Terri Konczak
1.763.528.8273
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4482461
Last Updated: 11/02/2020
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