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11545 11th Ave E Bradenton, FL 34212

3 Beds 3 Baths 2,429 sqft Built 2017

$399,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $164.64
  • 4 Days on Market
  • MLS # : A4482982
  • Updated Date : 11/06/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,429 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams On The Water

Listing Agent's Description

Situated on almost 1/4 of an acre, now is your chance to experience the beautiful community of Osprey Landings all for under $400,000 with NO CDD's and low HOA fees! The Bonita model, built by Lennar's Cal-Atlantic, features private conservation views, spacious living quarters, and fabulous upgrades. Upon entering the home, you will appreciate the bonus area that can easily be used for a office or play/game room. The great room flows freely into the kitchen and dinnette area while still having a formal dining room. Upgraded 42' light linen cabinets and stunning granite countertops are just a few things that make this kitchen fabulous. You will fall in love with the oversized island and walk-in pantry. This open floor plan offers spacious rooms and a half bath. The Owner's suite boasts a large walk-in closet for all your fine fashions. The laundry room has everything you've seen on Pinterest! Perfectly done to make you fall in love with washing your clothes again, ha! Cozy up to the fireplace with your favorite glass of something to relax the day away. Through the sliding glass doors you will enjoy the screened in porch. The large fenced in yard is perfect for your furry friends! The community of Osprey Landing is close to fabulous shopping and resturants, with only a short commute to either Sarasota or St.Pete. Come see this home today before it is gone!

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

Zip Code: 34212

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $112k431k

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

Zip Code: 34212

ZipNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942915

* 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
Lakewood Ranch High School High Regular 2,299 95 7

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

Lakewood Ranch High School

  • Education Level: High
  • # of students: 2,299
  • # of teachers: 95
7
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,475
Property Tax -$440
Property Insurance -$185
HOA -$99
Property Management Fees -$80
CASH FLOW
$60

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.

$399,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.8%
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$20k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$36,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,538

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3404$2,5955$2,695
$2,695
RENT COMPS ANALYSIS
  • 11545 11th Ave E Bradenton, FL 3
    • 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.96
    •  
  • 10607 Old Grove Cir Bradenton, FL 1
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2003
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 12519 Cara Cara Loop Bradenton, FL 2
    • 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 2004
    LEASED 06/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
  • 12331 Halfmoon Lake Ter Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2016
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.15
    •  
  • 1735 Lake Verona Cir Bradenton, FL 5
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2018
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jo Owens
1.941.962.1862
Keller Williams On The Water
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4482982
Last Updated: 11/06/2020
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