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3912 39th Ave W Bradenton, FL 34205

2 Beds 2 Baths 1,169 sqft Built 1989

$250,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $213.86
  • 3 Days on Market
  • MLS # : A4483080
  • Updated Date : 11/06/2020 at 13:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,169 sqft
  • Baths : 2 full
Listing Agent

Michael Saunders & Company

Listing Agent's Description

Welcome home to your personal coastal oasis! Great curb appeal and charm greet you at this well-appointed 2 or 3 bedroom home in the sought after community Villages of Lakeside South. Natural light cascades in from the inviting double front door transom window, and the double storm doors provide amazing cross breezes. Light and bright interior with vaulted ceilings, kitchen skylight, ample windows and sliders that open to the back patio. A coastal color palette, upgraded fixtures, custom trim and wainscotting compliment the interior finishes. The chef will appreciate the upgraded stainless appliances including a double oven range and large capacity refrigerator. The breakfast bar provides for plenty of additional seating. Flooring is easy maintenance from the slate tile foyer entry to the wood look laminate throughout the interior. The 3rd bedroom currently serves as the dining room but could be converted back. The large backyard patio is the perfect spot to gather around a cozy firepit or host barbeques. This home is move-in ready and has been well maintained by these longtime owners, roof age 2011 and AC 2015. Lakeside South has no rental restrictions and the low HOA fee of $135 per month includes ground maintenance, cable/internet, community pool, playground, tennis courts, shuffleboard and basketball court. Conveniently located in close proximity to plenty of shopping, dining and entertainment options and a short drive to our beautiful Gulf beaches to the west and downtown Riverwalk to the east. Don’t miss out on this opportunity!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$922
Property Tax -$300
Property Insurance -$108
HOA -$135
Property Management Fees -$80
CASH FLOW
-$5

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.

$250,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.62%

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

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5403$1,5504$1,5995$1,685
$1,685
RENT COMPS ANALYSIS
  • 3912 39th Ave W Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,169 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,169 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.32
    •  
  • 2524 20th Ave W Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 2000
    LEASED 12/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.16
    •  
  • 3208 40th Ave W Bradenton, FL 3
    • 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
    •  
  • 5920 40th Ave W Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1997
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.17
    •  
  • 3006 22nd Ave W Bradenton, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Debbie Vogler
1.941.705.3328
Michael Saunders & Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483080
Last Updated: 11/06/2020
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