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4530 Egmont Dr Bradenton, FL 34203

4 Beds 3 Baths 2,539 sqft Built 2002

$395,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $155.57
  • 3 Days on Market
  • MLS # : A4484262
  • Updated Date : 11/20/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,539 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Select

Listing Agent's Description

Pride of ownership shows throughout this meticulously maintained and updated home in the highly sought after Sabal Harbour community.  As soon as you drive up to the home, you will be wowed by the beautifully landscaped yard with new solar lighting. Once you open the double front doors, you will be welcomed into the spacious foyer which showcases the open living room and dining room with beautiful pool views as the backdrop.  Invite your guests out to your lanai for a pool party in the crystal clear refreshing saltwater pool or celebrate inside with a dinner party where guests can flow easily between the living room, dining room, family room and beautifully remodeled kitchen featuring granite counters, stainless steel appliances and soft close maple wood cabinets with dove tailed drawers and antique bronze fixtures. After dinner, pour your favorite beverage and head outside to your lanai where you will be awestruck by the spectacular colors of the sunsets over the lake. At the end of the day, escape to your completed remodeled private Owner's suite with brand new carpet in the bedroom and beautiful spa-like bathroom featuring double vanities, a deep soaking tub and separate walk in shower lined with travertine tile and dual rain shower heads. The bath remodel also includes new plumbing, floors, walls and stonework. This is a true split plan. The 2nd and 3rd bedrooms are located on the opposite side of the house along with the second bathroom. The 4th bedroom makes for a perfect guest suite at the back of the house with a full bathroom across the hallway which doubles as a pool bath. At the front of the house, there is also a den which would work perfectly for a home office! The many updates in this home include brand new ceiling fans, pool pump, washer and dryer, sprinkler system, garage floor, blinds, painting inside and out, carpeting in the bedrooms, smoke detectors and pool screens. All that is left to do is for you to move in!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,457
Property Tax -$435
Property Insurance -$192
HOA -$69
Property Management Fees -$80
CASH FLOW
-$123

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.

$395,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.53%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$18,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,8953$1,9954$2,0005$2,110
$2,110
RENT COMPS ANALYSIS
  • 4530 Egmont Dr Bradenton, FL 5
    • 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.83
    •  
  • 4526 Windsor Ct E Bradenton, FL 1
    • 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 1993
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.86
    •  
  • 3122 38th Ter E Bradenton, FL 2
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2004
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
  • 4608 Egmont Dr Bradenton, FL 3
    • 4 beds 2 baths ∙ 2,736 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,736 Sqft ∙ Built 2002
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.73
    •  
  • 6839 44th Ter E Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2006
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mark Midyett
1.941.706.8283
Keller Williams Realty Select
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484262
Last Updated: 11/20/2020
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