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4115 21st Ave W Bradenton, FL 34205

3 Beds 2 Baths 1,741 sqft Built 1975

$329,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $189.49
  • 3 Days on Market
  • MLS # : A4487999
  • Updated Date : 01/09/2021 at 15:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,741 sqft
  • Baths : 2 full
Listing Agent

Bee Green Realty, Llc

Listing Agent's Description

Fabulous family home. 3/2 with separate living, dining and family rooms. LARGE salt water pool (35x16) with a hugh entrainment area under roof. Has an area at end that is partially enclosed so as to enjoy sitting on the lanai with windy rain. The back yard entertainment area is fabulous. Owner has raised her Grandbabies in this home and it has worked perfectly. Meticulously maintained house and property. Beautiful tile floors through out the home with exception to all bedrooms which have gorgeous wood floors in guest bedrooms. Separate living, dining and family room so a place for everyone. Family room has access to entertainment area on back porch. . Warm and inviting ambience. Nicely designed kitchen so as to visit folks in the family room while dinner is on.

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: Sandpoints

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k297k

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

Neighborhood: Sandpoints

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q211001200130014001500160017001800190020002100Rent in $10762107

* 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
Miller Elementary School Primary Regular 828 52 5
Sugg Middle School Middle Regular 771 47 3
Manatee High School High Regular 2,409 115 5

Miller Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 52
5
GreatSchools Rating

Sugg Middle School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 47
3
GreatSchools Rating

Manatee High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 115
5
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,146
Property Tax -$417
Property Insurance -$143
Property Management Fees -$129
CASH FLOW
$165

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.

$329,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$38,194

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6354$1,7005$2,000
$2,000
RENT COMPS ANALYSIS
  • 4115 21st Ave W Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.15
    •  
  • 3211 18th Ave W Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1956
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 4702 W 36th Ave Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1984
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 3309 22nd Ave W Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1971
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.95
    •  
  • 5209 15th Ave W Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1975
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Peggy Christ
1.941.704.4569
Bee Green Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4487999
Last Updated: 01/09/2021
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