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4451 6th Ave E Bradenton, FL 34208

3 Beds 2 Baths 1,345 sqft Built 1990

$270,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $200.74
  • 4 Days on Market
  • MLS # : A4492543
  • Updated Date : 02/25/2021 at 12:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,345 sqft
  • Baths : 2 full
Listing Agent

Exit Sunset Realty

Listing Agent's Description

Ideal location in lovely Braden River Lakes. This 3 Bedroom / 2 Bath home has it all. The living area boasts cathedral ceilings and lots of natural light along with a ceiling fan. Sliding glass doors lead out to the screened lanai. The kitchen features ample storage space and a breakfast nook with a bay window. Dining room is located just off the kitchen. Master Suite features a walk in closet and master bathroom along with sliding glass doors leading to the lanai. Laminate flooring throughout the house with the exception of the bathrooms and 3rd Bedroom which are all tile. The fenced backyard features an amazing Oak Tree and a screened lanai along with a deck area with pavers, perfect for barbecuing. With low HOA fees and no CDD fees you can enjoy everything Braden River Lakes has to offer including the community pool, tennis courts and playground not to mention the amazing views of the lakes. Conveniently located near I-75 you are close to everything, shopping, schools and still close to the gorgeous sandy shores of Anna Maria Island. Don't miss your chance to see this amazing property. Buyer is responsible for confirming all room dimensions.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Braden River East

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k344k

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

Neighborhood: Braden River East

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100Rent in $11792154

* 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
Haile Middle School Middle Regular 1,068 56 6
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

Haile Middle School

  • Education Level: Middle
  • # of students: 1,068
  • # of teachers: 56
6
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

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$938
Property Tax -$341
Property Insurance -$118
HOA -$33
Property Management Fees -$129
CASH FLOW
$10

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

$1,570

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 6.2%
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

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$18,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5703$1,5704$1,7505$1,895
$1,895
RENT COMPS ANALYSIS
  • 4451 6th Ave E Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.17
    •  
  • 4534 Fern Dr Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1995
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 4411 4th Ave E Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1981
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.22
    •  
  • 4851 8th Ave E Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1989
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
  • 4415 14th Ave E Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1993
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.28
    •  
PROPERTY LISTING DETAILS
Melissa King, Pllc
1.941.705.5463
Exit Sunset Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4492543
Last Updated: 02/25/2021
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