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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $274.47
- 2 Days on Market
- MLS # : A4492541
- Updated Date : 02/27/2021 at 22:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,457 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
PALMA SOLA POOL HOME UNDER $400K! This 3b2B home is ready for a new owner in one of the BEST neighborhoods in town! Split floor plan, hardwood flooring throughout, plantation shutters with newer double pane windows, concrete block, Tile roof is new in 2011, AC 2013. HUGE lot with spacious backyard and caged pool! NO Homeowners association, no deed restrictions and not in a flood zone. Perfect for the boater in the family too! Palma Sola Bay Yacht Club has a boat basin with boat slips ONLY for Palma Sola residents. Just 3 miles to Anna Maria Island! Excellent value in a highly desired neighborhood!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 34209
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34209
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$440 | |
| Property Insurance | -$125 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$94
|
||
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
$1,990
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
4.67
YEARS SAVED
$19,197
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$1.37
LIST RENT PER SQFT
-
$1,661
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
1207 Santiago Dr Bradenton, FL 4
- 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $1,990
- $1.37
-
7215 24th Ave W Bradenton, FL 1
- 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1981
![property image]()
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,400
- $1.01
-
7209 3rd Ave Nw Bradenton, FL 2
- 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984
![property image]()
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,829
- $1.11
-
7712 3rd Ave W Bradenton, FL 3
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1973
![property image]()
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,950
- $1.21
-
1225 De Narvaez Ave Bradenton, FL 5
- 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1959
![property image]()
LEASED 02/04/20- Rent
- Rent Per SQFT
- $2,100
- $1.23
PROPERTY LISTING DETAILS
1.941.780.8000
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4492541
Last Updated: 02/27/2021
