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6027 39th Ave W Bradenton, FL 34209

3 Beds 2 Baths 1,350 sqft Built 1995

$290,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $214.81
  • 2 Days on Market
  • MLS # : A4493332
  • Updated Date : 03/13/2021 at 11:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautifully updated home in todays light shades. Newer kitchen, remodeled just over 2 years ago, with new appliances, granite counters. Both bathrooms just remodeled with new cabinets, granite countertops, mirrors, lighting, master has new tile shower glass divide/door (shower tile enclosure 2 years). Master has walk-in closet. A/C replaced 2 years ago, same with roof! Tile floors flow from room to room, throughout. Bright and sunny breakfast room with bay windows opens to kitchen. New washer & dryer for the interior laundry with newly installed shelving, located between the two spare bedrooms. New Culligan water filtration & softener (see list attached to this listing). Screened in rear porch, has newly stained cement flooring and freshly painted metal frame with new screens. Large back yard with mature landscaping for shade. One-car garage attached with cabinets. Cordova Lakes is a non-deed restricted community (no lease out restrictions); no fees or pesky rules! Great location in West Bradenton just minutes from either bridge to Anna Maria Island, close to restaurants and shopping. All the work has been lovingly completed, just move right in.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: West Bradenton

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $97k297k

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

Neighborhood: West Bradenton

NeighborhoodNIR 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
Sea Breeze Elementary School Primary Regular 637 42 5
Sugg Middle School Middle Regular 771 47 3
Bayshore High School High Regular 1,488 74 4

Sea Breeze Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 42
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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,007
Property Tax -$366
Property Insurance -$119
Property Management Fees -$129
CASH FLOW
$9

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.

$290,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$20,074

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,623

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,6303$1,6494$1,6995$1,800
$1,800
RENT COMPS ANALYSIS
  • 6027 39th Ave W Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.21
    •  
  • 5920 40th Ave W Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1997
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.17
    •  
  • 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
    •  
  • 6709 34th Ave W Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1985
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.24
    •  
  • 6024 40th Ave W Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1995
    LEASED 02/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.33
    •  
PROPERTY LISTING DETAILS
Melissa Loveton
1.941.914.6722
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4493332
Last Updated: 03/13/2021
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