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14731 1st Ave E Bradenton, FL 34212

4 Beds 3 Baths 2,072 sqft Built 1999

$400,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

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
Witt Elementary School Primary Regular 690 38 9
Haile Middle School Middle Regular 1,068 56 6
Lakewood Ranch High School High Regular 2,299 95 7

Witt Elementary School

  • Education Level: Primary
  • # of students: 690
  • # of teachers: 38
9
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
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

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

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$25k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

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
$1,895
1$1,8952$1,8953$2,3004$2,4105$2,900
$2,900
RENT COMPS ANALYSIS
  • 14731 1st Ave E Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.16
    •  
  • 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
    • $1.04
    •  
  • 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
Dave Smith
1.352.848.5051
Florida Cracker Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830744
Last Updated: 02/12/2021
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