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14822 7th Ave E Bradenton, FL 34212

3 Beds 2 Baths 2,010 sqft Built 1999

$424,900

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $211.39
  • 5 Days on Market
  • MLS # : A4490515
  • Updated Date : 02/04/2021 at 09:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,010 sqft
  • Baths : 2 full
Listing Agent

Red Door Real Estate Group Inc

Listing Agent's Description

This Meticulously maintained, Mark Cahill 3 bedroom, 2 Bathroom Home located in the sought after COUNTRY CREEK COMMUNITY! This beautiful community has no CDD fees and very low HOA fees. Traditional style home with split floor plan, dinette off of the large kitchen, an abundance of cherry wood cabinetry, nice size laundry room with newer washer and dryer, the dishwasher and stove less than 1 year old, there is an enormous custom made pantry, spacious 19x17 living room, master bedroom with huge walk in closet, 2 car garage with shelving and a work bench. The screened in pool has never been used! Centrally located to A grade schools, shopping, dining, entertainment, medical , Lakewood Ranch, UTC mall, worship, downtown Bradenton, I-75, to Sarasota, Siesta Key, Lido Key, Coquina Beach and Anna Marie Island. The community sparks of country charm with large lots, playgrounds, basketball court, strolling , jogging, bicycling, fishing, canopy oak trees that line the streets. WELCOME HOME! ,

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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
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
 

$382,410$467,390$424,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,476
Property Tax -$468
Property Insurance -$159
HOA -$399
Property Management Fees -$129
CASH FLOW
-$131

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.

$424,900

PROJECTED PRICE

$2,500

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-$5.0k$0.0$5.0k$10k$15k

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$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,772

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,236

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,8953$2,2004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 14822 7th Ave E Bradenton, FL 5
    • 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.24
    •  
  • 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
    •  
  • 15714 High Bell Pl Bradenton, FL 3
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 2017
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.19
    •  
  • 360 Tierra Verde Way Bradenton, FL 4
    • 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
    •  
PROPERTY LISTING DETAILS
Michael Panichelli
1.610.609.6972
Red Door Real Estate Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490515
Last Updated: 02/04/2021
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