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15410 21st Ave E Bradenton, FL 34212

4 Beds 4 Baths 2,842 sqft Built 2006

$499,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $175.58
  • 36 Days on Market
  • MLS # : A4478423
  • Updated Date : 10/30/2020 at 11:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,842 sqft
  • Baths : 4 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

***OWNER MOTIVATED!!! - PRICE ADJUSTMENT!!!*** Custom built home in the established neighborhood of Mill Creek! Well known for it's large lots and distinctive residences plus no CDD fees. This exclusive 4 bedroom, 4 bath home sits on over half an acre and is perfect for a large or a multi-generational family. As you enter the double doors your attention is drawn to the spacious caged pool area from the living room with it's gas fireplace and sliding glass doors. Custom features abound including tray ceilings and crown molding. Enjoy preparing family meals in the chef's kitchen which features a gas cook top, convection oven, breakfast bar, cherry wood cabinets, granite countertops and stainless steel appliances. The large owner's retreat has a sitting area, his and hers closets and a jetted hydro massage tub. In addition to the 4 bedrooms, this home includes a large bonus room! Just imagine a home theatre room, game room, guest retreat or in-law suite! Mill Creek is located near great schools, shopping and dining. With it's close proximity to I-75, you're only minutes to world renowned beaches, UTC Mall, Premium Outlets, airports and the Sarasota, Tampa, St. Pete area.

SEE MORE

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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,841
Property Tax -$550
Property Insurance -$210
HOA -$37
Property Management Fees -$80
CASH FLOW
-$108

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.

$499,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.52%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$28,101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,615

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,3753$2,6104$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 15410 21st Ave E Bradenton, FL 3
    • 4 beds 4 baths ∙ 2,842 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,842 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.92
    •  
  • 312 Tierra Verde Way Bradenton, FL 1
    • 5 beds 3 baths ∙ 2,604 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,604 Sqft ∙ Built 2018
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.91
    •  
  • 232 Tierra Verde Way Bradenton, FL 2
    • 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 2018
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.91
    •  
  • 13836 American Prairie Pl Bradenton, FL 4
    • 4 beds 4 baths ∙ 2,916 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,916 Sqft ∙ Built 2017
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.96
    •  
  • 13907 18th Pl E Bradenton, FL 5
    • 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2001
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Deb Lamanna
1.941.961.8464
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4478423
Last Updated: 10/30/2020
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