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4406 Baltry Ct Bradenton, FL 34211

3 Beds 3 Baths 2,039 sqft Built 2019

$381,900

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $187.30
  • 7 Days on Market
  • MLS # : A4481893
  • Updated Date : 11/02/2020 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,039 sqft
  • Baths : 3 full
Listing Agent

Fine Properties

Listing Agent's Description

Welcome home to the gorgeous Trevi model. With 3 bedrooms, 3 baths, den and a two car garage this plan has everything you would want. The den can be closed in for a fourth bedroom if needed. This home was completed in May 2019 and is move in ready. Rosedale is a family friendly community with resort amenities that has something for everyone. Tile roof, paver drive and an extra large backyard (room for pool) with plenty of room for the whole family. Open kitchen with SS appliances, granite counter tops and wood cabinets with pull out drawers. Master includes two walk-in closets, separated shower and tub, double vanities and granite counter tops. Diagonal tile and crown molding through out the living area, tankless hot water heater and smart thermostat round out the green features for this property. THIS IS A MUST SEE PROPERTY

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: 34211

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $112k441k

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

Zip Code: 34211

ZipNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
Braden River Elementary School Primary Regular 672 46 6
Braden River Middle School Middle Regular 977 56 5
Lakewood Ranch High School High Regular 2,299 95 7

Braden River Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 46
6
GreatSchools Rating

Braden River Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 56
5
GreatSchools Rating

Lakewood Ranch High School

  • Education Level: High
  • # of students: 2,299
  • # of teachers: 95
7
GreatSchools Rating
 

$343,710$420,090$381,900

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,409
Property Tax -$421
Property Insurance -$161
HOA -$134
Property Management Fees -$80
CASH FLOW
$36

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$381,900

PROJECTED PRICE

$2,240

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 3.00%
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$0.0$5.0k$10k$15k

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$103,204

INVESTMENT

$103,204

Down Payment
$95,475
Rehab Estimate
$2,000
Closing Costs
$5,729

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,409

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,475
Loan Amount $286,425
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$32,691

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,370

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0953$2,2404$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4406 Baltry Ct Bradenton, FL 3
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.10
    •  
  • 8730 49th Ter E Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1999
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
  • 11630 Piedmont Park Xing Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 2015
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.11
    •  
  • 9903 Marbella Dr Bradenton, FL 4
    • 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 2019
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.35
    •  
  • 9616 E 53rd Ter E Bradenton, FL 5
    • 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.11
    •  
PROPERTY LISTING DETAILS
George Wolcott
1.941.706.5944
Fine Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4481893
Last Updated: 11/02/2020
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