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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $193.05
- 4 Days on Market
- MLS # : W7830744
- Updated Date : 02/12/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,072 sqft
- Baths : 2 full , 1 half
Listing Agent
Florida Cracker Properties
Listing Agent's Description
Stunning 4 bedroom, 2 1/2 Bathroom Home located in the highly sought-after COUNTRY CREEK COMMUNITY! The home has many upgrades to include new butcher block countertops, Moroccan tile backsplash, screened porch, large split floorplan, large 3 car garage, massive back yard with tons of fruit trees you can eat off and plenty of room for a pool. This highly sought-after lot is a waterfront lot giving you access to boat or fish directly from your back yard. This one will not last long. Community has low HOA fee and no CDD. Schedule your showing today before its gone! Most furniture available/make offer. Buyer to confirm all pertinent information
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Zip Code: 34212
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34212
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$440 | |
| Property Insurance | -$163 | |
| HOA | -$33 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$255
|
||
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.
$400,000
PROJECTED PRICE
$2,410
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
9.25
YEARS SAVED
$51,509
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$2,398
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
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14731 1st Ave E Bradenton, FL 4
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332 Tierra Verde Way Bradenton, FL 1
- 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2018
LEASED 02/26/20- Rent
- Rent Per SQFT
- $1,895
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14814 7th Ave E Bradenton, FL 2
- 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2000
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,895
- $0.97
-
360 Tierra Verde Way Bradenton, FL 3
- 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 2019
LEASED 12/11/20- Rent
- Rent Per SQFT
- $2,300
- $1.25
-
610 147th Street East St E Bradenton, FL 5
- 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 1998
LEASED 01/16/21- Rent
- Rent Per SQFT
- $2,900
- $1.37
PROPERTY LISTING DETAILS
1.352.848.5051
Florida Cracker Properties
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7830744
Last Updated: 02/12/2021
