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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $155.38
- 4 Days on Market
- MLS # : A4492461
- Updated Date : 02/26/2021 at 16:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,152 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Fantastic bungalow in such a great location! This home has a brand new roof just installed in February of 2021, updated mechanicals, renovated bathrooms and so much more! A wonderful family home, it would also make an excellent rental property for a savvy investor. Deck in the side yard is the perfect place for cooking out and enjoying the fenced in yard with garden beds and a shed in the back for storage. Most renovations have been completed in the last few years, including flooring, gutters and soffits, and the a/c system was new in March of 2019. The master bedroom has an ensuite bath with floor to ceiling tile and a rain-head shower. The 2nd and 3rd bedrooms have a walk-through closet and share the renovated hall bath. The laundry room is off the kitchen and has ample storage along with access to the yard. This home will not last!
SEE MORE
- 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: High Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: High Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$622 |
| Property Tax | -$226 | |
| Property Insurance | -$107 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$436
|
||
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.
$179,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.85%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 11.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,185
LOAN DETAILS
$622
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $44,750 |
| Loan Amount | $134,250 |
16.08
YEARS SAVED
$47,626
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$1.32
LIST RENT PER SQFT
-
$1,371
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
506 26th Ave W Bradenton, FL 3
- 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1972
![property image]()
- Rent
- Rent Per SQFT
- $1,520
- $1.32
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701 26th Ave W Bradenton, FL 1
- 3 beds 2 baths ∙ 988 Sqft ∙ Built 1988 3 beds 2 baths ∙ 988 Sqft ∙ Built 1988
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LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,195
- $1.21
-
1900 27th Ave W Bradenton, FL 2
- 4 beds 2 baths ∙ 1,260 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,260 Sqft ∙ Built 1954
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LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,449
- $1.15
-
2916 38th Ave W Bradenton, FL 4
- 3 beds 1 baths ∙ 1,302 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,302 Sqft ∙ Built 1960
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LEASED 11/27/20- Rent
- Rent Per SQFT
- $1,600
- $1.23
-
3006 22nd Ave W Bradenton, FL 5
- 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1972
![property image]()
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,685
- $1.17
PROPERTY LISTING DETAILS
1.941.329.6505
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4492461
Last Updated: 02/26/2021
