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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $179.11
- 4 Days on Market
- MLS # : A4492348
- Updated Date : 02/25/2021 at 12:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,814 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
Wonderful 3 Bedroom, 2 Bathroom, 2 Car Garage Home that just turned 4 years old! Welcomed by the Front Porch and Private View of the Rye Founder's Memorial across the Street please enter into this Home's Foyer and you will notice the Open Floor Plan that Features No Carpet either Vinyl or Tile Floors, Living & Family Rooms, Indoor Utility Room, Master Suite with Walk In Closet & Private Bath with Walk in Shower, Open Kitchen with Pantry and Rear Screened Lanai with Pond View. Close to everything, yet a place where you can get away from it all, River’s Reach is a Gated Community that offers natural seclusion along the Manatee River and convenient access to shopping and dining. Located in Parrish, Florida, River’s Reach is minutes away from Bradenton and Sarasota. Featuring its own preserve area next to the Manatee River, River’s Reach also offers a resort-style pool and spa, fitness facility for residents to enjoy, picnic areas and a playground, sand volleyball court and a canoe / kayak launch into the Manatee River among other exciting amenities. Forty-nine percent of the land in this community is dedicated to open space, and when paired with the nearby river, echoes the uncomplicated lifestyle of this unique community. The Fort Hammer Park Boat Ramps are Near By for the Boating Enthusiast. CDD is part of the Annual Property Tax Bill, thus it reads CDD $2771.62 + Taxes $2748.01 / Community Requires an Ownership Transfer Fee of $125.00
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
Neighborhood: Waters Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waters Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$460 | |
| Property Insurance | -$147 | |
| HOA | -$11 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$55
|
||
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.
$324,900
PROJECTED PRICE
$1,930
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$91,849
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
6.58
YEARS SAVED
$25,194
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,959
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
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405 Gris Sky Ln Bradenton, FL 1
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LEASED 12/01/20- Rent
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- $1,799
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15717 High Bell Pl Bradenton, FL 2
- 4 beds 2 baths ∙ 1,767 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,767 Sqft ∙ Built 2015
LEASED 09/25/19- Rent
- Rent Per SQFT
- $1,850
- $1.05
-
16823 Destrehen Ct Parrish, FL 3
- 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2013
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,875
- $1.08
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15722 High Bell Pl Bradenton, FL 5
- 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 2016
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,995
- $1.08
PROPERTY LISTING DETAILS
1.941.316.6530
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4492348
Last Updated: 02/25/2021
