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4616 21st Ave W Bradenton, FL 34209

3 Beds 2 Baths 1,551 sqft Built 1984

$310,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $199.87
  • 4 Days on Market
  • MLS # : A4487316
  • Updated Date : 01/01/2021 at 14:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,551 sqft
  • Baths : 2 full
Listing Agent

Fine Properties

Listing Agent's Description

Warmth & Charm abound in this truly Move-in Ready Gorgeous 3BR/2BA Westside home. The charm starts outside with great Curb Appeal & Landscaping. Enter indoors & see beautiful Tile floors that lead to a charming bay window dining area, spacious living room, & fully updated kitchen. Soft-close cabinets, stainless steel appliances, solid surface counters, lighted tray ceiling, & built-in desk make this kitchen a winner. The living room is spacious & has sliders that open directly onto a covered rear porch & large backyard. Colors & finishes are warm & welcoming. French doors in the Kitchen & Master Bedroom open onto the backyard. The split bedroom design has the Master Bedroom on one side & two Guest Bedrooms on the opposite for maximum privacy. The master suite has a walk-in closet & master bath w/double sink vanity & beautifully tiled shower. The guest bath has a unique custom wood vanity that is stunning. The large back yard has plenty of room for kids, pets, & pool and also has a work shed w/electric. The covered lanai w/its lovely wood plank ceiling just adds to the easy entertaining indoor-outdoor space this home offers. Some of the updates include new roof 2016, new AC w/humidity control & UV light 2018, new water heater, new hurricane-rated garage door, new wood privacy fence. Location is another huge advantage to this home, just minutes to shopping, schools, parks, beaches, restaurants, entertainment, and yet, NO HOA, NO CDD, and No Deed Restrictions. Step inside & close the front door, & peace and quiet await. Whether it's a first home, second home, vacation home, or you're downsizing or upgrading, this is one you'll want to see and call 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: 34209

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k318k

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

Zip Code: 34209

ZipNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100Rent in $11792130

* 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
Miller Elementary School Primary Regular 828 52 5
Sugg Middle School Middle Regular 771 47 3
Bayshore High School High Regular 1,488 74 4

Miller Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 52
5
GreatSchools Rating

Sugg Middle School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 47
3
GreatSchools Rating

Bayshore High School

  • Education Level: High
  • # of students: 1,488
  • # of teachers: 74
4
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,144
Property Tax -$341
Property Insurance -$131
Property Management Fees -$129
CASH FLOW
$195

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.

$310,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 8.0%
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$20k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$48,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6353$1,6494$1,8355$1,940
$1,940
RENT COMPS ANALYSIS
  • 4616 21st Ave W Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.25
    •  
  • 4702 W 36th Ave Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1984
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 3309 22nd Ave W Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1971
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.95
    •  
  • 5201 35th Ave W Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1977
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.07
    •  
  • 2921 Sandpointe Dr Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1978
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $1.19
    •  
PROPERTY LISTING DETAILS
Melanie Johnson
1.941.704.7394
Fine Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4487316
Last Updated: 01/01/2021
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