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5739 43rd Ct E Bradenton, FL 34203

5 Beds 4 Baths 2,846 sqft Built 2004

$379,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $133.17
  • 2 Days on Market
  • MLS # : A4484415
  • Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,846 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exit King Realty

Listing Agent's Description

Welcome home to this gorgeously updated 5 bedroom 3 and a half bath home in the ideally located Barrington Ridge community. The first thing you will notice as you walk in is stunning view of the lake and preserve through the large sliding doors that lead out to your covered and screened in patio. This large home features a first floor owners suite, an interior laundry room, den, half bathroom and kitchen with beautiful granite counter tops and dining room all on the first floor. The second floor has four more bedrooms and two more bathrooms. This home has brand new flooring in the bedrooms and the 2nd floor, a completely repainted interior, new granite counter tops and updated bathrooms. There is beautiful natural light throughout the house and the views of the lake and preserve are incredible. The community features a pool and playground. Schedule your showing today before its gone!

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
Tara Elementary School Primary Regular 606 40 6
Braden River Middle School Middle Regular 977 56 5
Braden River High School High Regular 1,999 90 6

Tara Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 40
6
GreatSchools Rating

Braden River Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 56
5
GreatSchools Rating

Braden River High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 90
6
GreatSchools Rating
 

$341,100$416,900$379,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,398
Property Tax -$417
Property Insurance -$211
HOA -$65
Property Management Fees -$80
CASH FLOW
$458

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.

$379,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.69%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

12.17

YEARS SAVED

$83,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,860

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5953$2,6304$2,6505$3,000
$3,000
RENT COMPS ANALYSIS
  • 5739 43rd Ct E Bradenton, FL 3
    • 5 beds 4 baths ∙ 2,846 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,846 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.92
    •  
  • 6190 Palomino Cir University Park, FL 1
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.95
    •  
  • 4707 Garden Arbor Way Bradenton, FL 2
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2014
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.02
    •  
  • 5723 Arbor Wood Ct Bradenton, FL 4
    • 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 2014
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.01
    •  
  • 6146 39th Ct E Bradenton, FL 5
    • 5 beds 5 baths ∙ 2,882 Sqft ∙ Built 2005 5 beds 5 baths ∙ 2,882 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.04
    •  
PROPERTY LISTING DETAILS
Alan Adkins
1.941.840.2541
Exit King Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484415
Last Updated: 11/22/2020
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