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3703 W 43rd Ave Bradenton, FL 34205

3 Beds 2 Baths 1,221 sqft Built 1986

$249,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $204.67
  • 2 Days on Market
  • MLS # : A4493478
  • Updated Date : 03/06/2021 at 23:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,221 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

BEAUTIFUL THREE BEDROOM TWO BATH HOME LOCATED IN THE DESIRABLE, AMENITY RICH COMMUNITY OF LAKESIDE SOUTH!!! Perfect for year round or seasonal residents and will make a great rental when not in use. This bright and comfortable home features vaulted ceilings and easy to care for tile floors throughout. Nestled in a private setting with beautiful outdoor space. The kitchen offers lots of cabinet space, updated countertops and offers a nice size eat in area, perfect for large family gatherings. Well thought out open floor plan has good size living room that opens to the dining room area and a split bedroom design. The screened lanai has been enclosed to create the perfect additional spot for a den, playroom or sitting area. The master bedroom features a beautiful Palladian window, ceiling fan, walk in closet & vaulted ceiling. Step out onto the private patio, perfect for grilling and enjoying the year round Florida sunshine. Located in a friendly community that includes a heated pool, recreation building, playground and several sports courts. Close to shopping, bus lines, restaurants, entertainment and our beautiful Gulf beaches!

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MARKET HIGHLIGHTS

  • 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: Villages of Lakeside

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $55k297k

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

Neighborhood: Villages of Lakeside

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q211001200130014001500160017001800190020002100Rent in $10222107

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$868
Property Tax -$316
Property Insurance -$111
HOA -$135
Property Management Fees -$129
CASH FLOW
$31

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.

$249,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 14.3%
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-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$17,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $1,477

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,5904$1,6255$1,835
$1,835
RENT COMPS ANALYSIS
  • 3703 W 43rd Ave Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.30
    •  
  • 3725 43rd Ave W Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1986
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.23
    •  
  • 3208 40th Ave W Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 2003
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.17
    •  
  • 3806 Southern Pkwy W Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1979
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.25
    •  
  • 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 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $1.19
    •  
PROPERTY LISTING DETAILS
Jay Travis, Pa
1.941.812.7277
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4493478
Last Updated: 03/06/2021
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