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4221 Augusta Ter E Bradenton, FL 34203

3 Beds 2 Baths 1,697 sqft Built 1987

$270,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $159.10
  • 10 Days on Market
  • MLS # : A4483737
  • Updated Date : 12/20/2020 at 13:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,697 sqft
  • Baths : 2 full
Listing Agent

Kw Suncoast

Listing Agent's Description

Country club living at an amazaing value! Spacious split floor plan 3BR/2BA home. This home sits right on the 15th hole of Peridia's beautiful golf course. Newer AC(2018) and SOLAR PANEL POWERED water heater(2019), stainless cook range, refrigerator, dishwasher and microwave oven. Granite counter tops. So much potential at such a great price. Open, light and airy floor plan with cathedral ceilings offers a spacious feeling. Large screened in lanai and sweeping views. Addtional feature of water softener that goes throughout the house. Equity membership in Peridia Golf and Country Club offering golf, tennis, pro-shop, restaurant and bar. Live the fabulous country club lifestyle here in Peridia Golf and Country Club!!!! Convenient to shopping, resturants and award winning beaches!! Call to schedule a showing. Don't miss this one!

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

Zip Code: 34203

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k302k

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

Zip Code: 34203

ZipNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100Rent in $11792107

* 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
Bashaw Elementary School Primary Regular 621 42 4
King Middle School Middle Regular 1,137 64 4
Braden River High School High Regular 1,999 90 6

Bashaw Elementary School

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 42
4
GreatSchools Rating

King Middle School

  • Education Level: Middle
  • # of students: 1,137
  • # of teachers: 64
4
GreatSchools Rating

Braden River High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 90
6
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$996
Property Tax -$297
Property Insurance -$140
HOA -$290
Property Management Fees -$129
CASH FLOW
-$62

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.

$270,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 5.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,913

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7903$1,9504$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 4221 Augusta Ter E Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.05
    •  
  • 4554 Runabout Way Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2000
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.13
    •  
  • 4939 Clubview Ct E Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1988
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.20
    •  
  • 4309 61st Ave E Bradenton, FL 4
    • 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 2004
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.05
    •  
  • 4509 Cabbage Key Ter Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2000
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.13
    •  
PROPERTY LISTING DETAILS
Aaron Carlisle
1.941.447.5342
Kw Suncoast
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483737
Last Updated: 12/20/2020
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