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2801 Taunton Dr W Bradenton, FL 34205

3 Beds 2 Baths 1,506 sqft Built 1973

$269,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $178.62
  • 2 Days on Market
  • MLS # : A4484418
  • Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

Keller Williams On The Water

Listing Agent's Description

Beautiful updated home on a spacious corner lot in a close in location only 15min to lovely beaches. Three bedrooms and two full baths and a two car garage with no HOA. Newer impact windows, hurricane rated garage door, newer AC and many more updates. Gorgeous kitchen with raised panel cabinets and crown molding, large pull out drawers, corian counters, tile backsplash with listello accents, newer Bosch dishwasher, newer fixtures, lighting, fans and more. 16 inch tiles through out the home except the 3rd bedroom/office which has rubber flooring for exercise. Master suite is roomy with a large walk in closet and newer vanity. French doors from family room lead to a screened lanai out back. PVC fencing for your pets in the back yard but still tons of space for other hobbies or room to keep a boat or an rv. Very open and bright this home is move in ready and shows like a dream!

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: Sandpoints

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k297k

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

Neighborhood: Sandpoints

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q211001200130014001500160017001800190020002100Rent in $10762107

* 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
Prine Elementary School Primary Regular 852 57 3
Sugg Middle School Middle Regular 771 47 3
Bayshore High School High Regular 1,488 74 4

Prine Elementary School

  • Education Level: Primary
  • # of students: 852
  • # of teachers: 57
3
GreatSchools Rating

Sugg Middle School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 47
3
GreatSchools Rating

Bayshore High School

  • Education Level: High
  • # of students: 1,488
  • # of teachers: 74
4
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$992
Property Tax -$340
Property Insurance -$128
Property Management Fees -$80
CASH FLOW
$169

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.

$269,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
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$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$40,728

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6853$1,7104$1,7455$1,835
$1,835
RENT COMPS ANALYSIS
  • 2801 Taunton Dr W Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.14
    •  
  • 3211 18th Ave W Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1956
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 3006 22nd Ave W Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1972
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $1.17
    •  
  • 3704 16th Ave W Bradenton, FL 4
    • 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,460 Sqft ∙ Built 1959
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.20
    •  
  • 2921 Sandpointe Dr Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1978
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $1.19
    •  
PROPERTY LISTING DETAILS
Michelle Hennessy
1.941.447.2391
Keller Williams On The Water
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484418
Last Updated: 11/22/2020
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