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22218 27th Ave E Bradenton, FL 34211

4 Beds 3 Baths 2,020 sqft Built 1988

INVESTimate

$437,777

List Price

$2,390

$2,151 - $2,629

Rent Est.

$453,800  ( +3.66%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $216.72
  • 2 Days on Market
  • MLS # : A4476291
  • Updated Date : 08/26/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,020 sqft
  • Baths : 2 full , 1 half
Listing Agent

Premier Sothebys Intl Realty

Listing Agent's Description

This is a opportunity to live on 1.03 acres with a home build with a great floor plan. 4 bedrooms/2 and 1/2 bathrooms. 2 car garage. There is a 400 square foot workshop in back area. Plenty of room for a pool. All New A/C and water heater. Saddlehorn Estates has many possibilities. Horses, and other animals of choice are allowed. The demographics show families and children that can attend same schools as a bus comes through the neighborhood. Many possibilities with lots of outdoor space for your imagination to run wild. Gardens of flower or gardens for food. Easy to show.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 34211

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $112k441k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 34211

ZipNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
Gullett Elementary School Primary Regular 673 41 8
Nolan Middle School Middle Regular 1,130 60 7
Lakewood Ranch High School High Regular 2,299 95 7

Gullett Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 41
8
GreatSchools Rating

Nolan Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 60
7
GreatSchools Rating

Lakewood Ranch High School

  • Education Level: High
  • # of students: 2,299
  • # of teachers: 95
7
GreatSchools Rating
 

$393,999$481,555$437,777

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,615
Property Tax -$482
Property Insurance -$160
Property Management Fees -$80
CASH FLOW
$53

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.

$437,777

PROJECTED PRICE

$2,390

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.66%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,761

INVESTMENT

$121,761

Down Payment
$109,444
Rehab Estimate
$5,750
Closing Costs
$6,567

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,444
Loan Amount $328,333
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$40,721

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,060

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,390
$2,390
RENT COMPS ANALYSIS
  • 22218 27th Ave E Bradenton, 2
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.18
    •  
  • 24015 49th Ave E Myakka City, 1
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1998
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Pam Hagan
1.941.400.6682
Premier Sothebys Intl Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4476291
Last Updated: 08/26/2020
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