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4577 Dover Street Cir E Bradenton, FL 34203

4 Beds 2 Baths 2,141 sqft Built 1996

$355,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $165.81
  • 5 Days on Market
  • MLS # : A4484739
  • Updated Date : 11/27/2020 at 12:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,141 sqft
  • Baths : 2 full
Listing Agent

Medway Realty

Listing Agent's Description

Newly and beautifully renovated 4 bed / 2 bath / pool home in a quiet community now available. Owners are also offering it fully turnkey furnished under a separate contract. The owners of this ranch style split floor plan home have spared no expense in upgrading their vacation home in order to make it their exquisite Florida oasis. Upgrades include but are not limited to: new lawn, outdoor kitchen granite, paint inside and out, resurfaced pool, pool changed to a salt water, new pool heater, new floors, garage door, new washer/dryer and light fixtures, bathroom glass guest bath, new refrigerator, and more. Upon entering the home, your welcomed by a view of the pool and large sitting and dining room. Off to the left is the master bedroom and large dual vanity granite countertop ensuite with dual walk in closets. Sliders to the pool allow the owners to take late night swims. Returning back through the foyer, you enter the open eat in kitchen with granite and then the vaulted ceiling, bright and airy family room. Further down the hall is the guest bath and 3 guest bedrooms. The guest bath has a door leading to the pool for swimmer/party goers convenience. The outdoor pool with granite counters, inset grill and vaulted pool cage is the perfect place for relaxing or entertaining family and friends on warm Florida days and evenings. Just minutes to the largest mall and the best fine dining in the tri-county area (UTC Mall), premier healthcare, multiple golf courses, premier sports campuses, social clubs, parks and trails, Lakewood Ranch Main Street, The Polo Fields, the powdery quartz sand beaches of Holmes Beach, Anna Maria Beach, Lido Beach and Siesta Key Beach (rated the #1 beach in the US in 2020), the beautiful sunsets and turquoise waters of The Gulf of Mexico, St. Armands Circle, the Sarasota/Bradenton airport, Ringling School of Art and Design, downtown Sarasota Main Street and all it has to offer with regards to food, shopping, marina, nightlife and the weekend farmers market and countless music and art festivals. You won't be disappointed with this beautiful home or this wonderful community so please contact the listing agent for a showing today. Please take a look at the 3D virtual tour that puts you right inside of the home.

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,310
Property Tax -$391
Property Insurance -$167
HOA -$23
Property Management Fees -$80
CASH FLOW
$49

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.

$355,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.57%

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$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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$33,702

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,756

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8753$1,8954$1,9505$2,020
$2,020
RENT COMPS ANALYSIS
  • 4577 Dover Street Cir E Bradenton, FL 5
    • 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.94
    •  
  • 4824 Turtle Bay Ter Bradenton, FL 1
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 4526 Windsor Ct E Bradenton, FL 2
    • 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 3
    • 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
    •  
  • 2818 48th Way E Bradenton, FL 4
    • 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 1990
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Darrin Campbell
1.941.218.0619
Medway Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484739
Last Updated: 11/27/2020
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