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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $218.40
- 2 Days on Market
- MLS # : A4494315
- Updated Date : 03/14/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,190 sqft
- Baths : 1 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Don't miss this beautifully remodeled 4 BR, 1.5 BA home in Sandpointe! HOA free! Brand new Porcelain Plank Tile floors throughout whole house! Brand new kitchen with new 42" cabinets, granite counter, SS appliances, tile backsplash, pantry and double SS sink! Dining area with french doors to backyard. Remodeled baths with new vanities! Spacious living room with ceiling fan. MBR has half bath with granite counter and walkin closet. Spare BRs have new closet doors and ceiling fans. Roof only 5 yrs old and water heater only 2 years! House is freshly painted in and out and has new blinds throughout. Laundry room with storage. Great fenced backyard! Move right in and just enjoy your newly remodeled 4 BR home! Close to Anna Maria Island's beautiful beaches (15 minute drive) and plenty of shopping and restaurants! Not in a flood zone. Welcome to Paradise!
SEE MORE
- 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
Neighborhood: Sandpoints
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sandpoints
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$328 | |
| Property Insurance | -$109 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$69
|
||
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.
$259,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
4.58
YEARS SAVED
$11,662
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$1,452
COMP ESTIMATED VALUE -
$1.22
COMP AVG. RENT PER SQFT
Comps Range
-
3510 Southern Pkwy W Bradenton, FL 1
- 3 beds 1 baths ∙ 1,190 Sqft ∙ Built 1974 3 beds 1 baths ∙ 1,190 Sqft ∙ Built 1974
![property image]()
- Rent
- Rent Per SQFT
- $1,400
- $1.18
-
3725 43rd Ave W Bradenton, FL 2
- 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1986
![property image]()
LEASED 02/19/21- Rent
- Rent Per SQFT
- $1,500
- $1.23
-
4011 16th Ave W Bradenton, FL 3
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1963
![property image]()
LEASED 12/09/20- Rent
- Rent Per SQFT
- $1,585
- $1.17
-
2916 38th Ave W Bradenton, FL 4
- 3 beds 1 baths ∙ 1,302 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,302 Sqft ∙ Built 1960
![property image]()
LEASED 11/27/20- Rent
- Rent Per SQFT
- $1,600
- $1.23
-
3806 Southern Pkwy W Bradenton, FL 5
- 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1979
![property image]()
LEASED 11/09/20- Rent
- Rent Per SQFT
- $1,625
- $1.25
PROPERTY LISTING DETAILS
1.941.932.1795
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4494315
Last Updated: 03/14/2021
