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2304 52nd Ave E Bradenton, FL 34203

3 Beds 2 Baths 2,018 sqft Built 1986

$290,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $143.71
  • 3 Days on Market
  • MLS # : A4488431
  • Updated Date : 01/16/2021 at 09:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,018 sqft
  • Baths : 2 full
Listing Agent

Realty By Design Llc

Listing Agent's Description

Are you searching for a home that isn't your typical cookie-cutter home? A home in a neighborhood without any HOA or CDD fees? Well, you've found it! Welcome to this beautiful 3 bedroom 2 bath home with lots of upgrades and sitting on over HALF AN ACRE of peaceful, quiet land. Driving up to this home, you'll notice the long driveway, large front yard, nice landscaping, mature oaks, and palm trees. You will also notice that the distance between the homes will allow privacy and a peaceful serene feeling. HOUSE PROPANE GENERATOR, AC; 2016, ELECTRIC HOT WATER HEATHER; 2015. NEW DOUBLE-PANE WINDOWS WITH SHUTTERS as well! Entering the home through the foyer, you'll be greeted with newer waterproof vinyl plank flooring and newer carpet. The living room to the right of the foyer has lots of natural light flowing through and is spacious as well. The dining area is located next to the kitchen and makes mealtime easy. The kitchen has BRAND NEW STAINLESS STEEL APPLIANCES, newer laminate countertops, breakfast bar with a passthrough to the Bonus Room, and a pantry. Across from the kitchen in the family room, you'll want to cozy up to the gorgeous WOOD BURNING FIREPLACE. The LARGE BONUS ROOM behind the kitchen and dining room would make a great exercise room, craft room, office, game room -- it's your choice! All of the bedrooms have WALK-IN CLOSETS. You will want to relax in the master bedroom that's located next to the dining area and separate from the other bedrooms with the home's split design. The en-suite master bathroom has lots of counter space and a separate area with the toilet and shower. There's an exterior 2-car garage located in the HUGE and PRIVATE backyard with a lean-to carport. You can park your RV or boat under this lean-to or just an extra vehicle. The garage has a workshop inside along with a full kitchen and bathroom. At one time, this was an apartment/mother-in-law apartment and can be converted back, if needed. PEACE is the word that I would use to describe this property! This home is ready for you to move into and enjoy! Call today before it's gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Oneco

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $52k297k

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

Neighborhood: Oneco

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q211001200130014001500160017001800190020002100Rent in $10372107

* 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
Oneco Elementary School Primary Regular 529 39 2
King Middle School Middle Regular 1,137 64 4
Southeast High School High Regular 1,457 68 5

Oneco Elementary School

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 39
2
GreatSchools Rating

King Middle School

  • Education Level: Middle
  • # of students: 1,137
  • # of teachers: 64
4
GreatSchools Rating

Southeast High School

  • Education Level: High
  • # of students: 1,457
  • # of teachers: 68
5
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,007
Property Tax -$319
Property Insurance -$160
Property Management Fees -$129
CASH FLOW
$145

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.

$290,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 9.0%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$33,036

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,902

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,760
1$1,7602$1,8003$1,8004$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 2304 52nd Ave E Bradenton, FL 1
    • 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.87
    •  
  • 3230 44th Dr E Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2003
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 4509 30th Ln E Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2002
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 5023 21st Way E Bradenton, FL 4
    • 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2000
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 3118 38th Ter E Bradenton, FL 5
    • 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 2004
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
PROPERTY LISTING DETAILS
Stacy Metz
1.941.313.1544
Realty By Design Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488431
Last Updated: 01/16/2021
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