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317 San Casciano Ln Bradenton, FL 34208

3 Beds 2 Baths 1,520 sqft Built 2015

$299,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $197.30
  • 7 Days on Market
  • MLS # : A4488514
  • Updated Date : 01/22/2021 at 16:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,520 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Come and be WOWED by this immaculate 3 bedroom, 2 bathroom, family home in The Cottages at San Casciano, a small community of Craftsman Style homes. Like new condition, the current owner has done many upgrades to this home and it sparkles! LOOK AT THIS LIST OF FEATURES that are normally found in much more expensive homes...Over 1,500 sq ft, Centralized location, Tankless water heater, Natural gas cooking, Upgraded solid wood, soft close, kitchen cabinets, porcelain, wood looking tile through out, 2 car garage, Paver driveway, Plantation shutters, Screened and open air patio with water view. No CDD fees and Low HOA fees that include Cable TV and Internet. Schedule your private showing now!

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

Zip Code: 34208

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k297k

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

Zip Code: 34208

ZipNIR Market*CityMarket20102015Year20082019 Q2100011001200130014001500160017001800190020002100Rent in $9992107

* 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
Bashaw Elementary School Primary Regular 621 42 4
Haile Middle School Middle Regular 1,068 56 6
Braden River High School High Regular 1,999 90 6

Bashaw Elementary School

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 42
4
GreatSchools Rating

Haile Middle School

  • Education Level: Middle
  • # of students: 1,068
  • # of teachers: 56
6
GreatSchools Rating

Braden River High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 90
6
GreatSchools Rating
 

$269,910$329,890$299,900

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 -$1,042
Property Tax -$379
Property Insurance -$129
HOA -$108
Property Management Fees -$129
CASH FLOW
-$27

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.

$299,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$15,938

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
  • $1.16

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7603$1,7994$2,0005$2,250
$2,250
RENT COMPS ANALYSIS
  • 317 San Casciano Ln Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.16
    •  
  • 4534 Fern Dr Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1995
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 4818 San Palermo Dr Bradenton, FL 3
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2017
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.15
    •  
  • 4006 2nd Dr Ne Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
  • 4747 Compass Dr Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1999
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.38
    •  
PROPERTY LISTING DETAILS
Joe Murphy
1.941.780.3260
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488514
Last Updated: 01/22/2021
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