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3617 Avenida Madera Bradenton, FL 34210

3 Beds 3 Baths 2,800 sqft Built 1980

$419,900

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $149.96
  • 3 Days on Market
  • MLS # : U8112999
  • Updated Date : 02/12/2021 at 16:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,800 sqft
  • Baths : 3 full
Listing Agent

Sefair Investments Inc

Listing Agent's Description

Now Available in Woods at Conquistador of Bradenton! Come see this charming Home consisting of 3 bedrooms, 3 bath, 2,800 (sqft), -clean residence with a spacious layout and great backyard! This is the perfect home for those looking for space and best of all it’s move in ready. Property is being sold “as-is” with right to inspect. New interior and exterior paint and carpet. It is the buyers and buyer’s agent responsibility to verify all room measurements, utilities info, lot size, schools zoning, building addition permits, building materials, along with all property information in this listing. All room measurements and dimensions are estimates.

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MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 34210

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k297k

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

Zip Code: 34210

ZipNIR Market*CityMarket20102015Year20082019 Q212001300140015001600170018001900200021002200230024002500Rent in $11792521

* 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
Bayshore Elementary School Primary Regular 789 58 3
Lee Magnet Middle School Middle Magnet 1,034 59 2
Bayshore High School High Regular 1,488 74 4

Bayshore Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 58
3
GreatSchools Rating

Lee Magnet Middle School

  • Education Level: Middle
  • # of students: 1,034
  • # of teachers: 59
2
GreatSchools Rating

Bayshore High School

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

$377,910$461,890$419,900

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$1,458
Property Tax -$462
Property Insurance -$208
HOA -$11
Property Management Fees -$129
CASH FLOW
$1,001

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.

$419,900

PROJECTED PRICE

$3,270

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 7.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k$45k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

16.08

YEARS SAVED

$112,573

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $3,089

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,0003$3,1004$3,270
$3,270
RENT COMPS ANALYSIS
  • 3617 Avenida Madera Bradenton, FL 4
    • 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $1.17
    •  
  • 4103 Pinar Dr Bradenton, FL 1
    • 3 beds 3 baths ∙ 2,726 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,726 Sqft ∙ Built 1978
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
  • 5135 W 55th St Bradenton, FL 2
    • 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 2000
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.12
    •  
  • 4915 50th Ave W Bradenton, FL 3
    • 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 1998
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.20
    •  
PROPERTY LISTING DETAILS
Dan Sefair
1.813.842.5615
Sefair Investments Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112999
Last Updated: 02/12/2021
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