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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $168.45
- 2 Days on Market
- MLS # : A4492054
- Updated Date : 02/20/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,374 sqft
- Baths : 3 full
Listing Agent
Florida Suncoast Real Estate
Listing Agent's Description
You've found it...the PERFECT home for MULTIGENERATIONAL living! Come view this sprawling home with a secondary, two-room master suite including ensuite bath and private laundry. This pool home is ready to be yours with a split bedroom floor plan, spacious great room with vaulted ceilings and skylight. The primary master has two closets with ensuite bath and laundry. The kitchen features stainless steel appliances, granite counters, a built-in pantry with sliders, and island. Exit the great room through the sliding glass doors to enjoy outdoor living all year around in your screened-in lanai with propane heated pool and spa. Tucked away in a quiet neighborhood close to world-class medical care (Blake Hospital), GT Bray Park, fitness centers, shopping, dining, and only a short 10 minute drive to Anna Maria Island. You're going to fall in love! (Professional photos are forthcoming)
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: West Bradenton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Bradenton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,440 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$505 | |
| Property Insurance | -$182 | |
| HOA | -$3 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$232
|
||
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.
$399,900
PROJECTED PRICE
$2,440
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
8.92
YEARS SAVED
$49,412
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,440
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,390
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
6503 23rd Ave W Bradenton, FL 4
- 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $2,440
- $1.03
-
5122 50th Ave W Bradenton, FL 1
- 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1998
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,000
- $0.90
-
2306 45th Ct W Bradenton, FL 2
- 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 1993
LEASED 12/09/19- Rent
- Rent Per SQFT
- $2,100
- $1.01
-
6905 11th Ave W Bradenton, FL 3
- 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1973
LEASED 07/27/20- Rent
- Rent Per SQFT
- $2,400
- $1.11
PROPERTY LISTING DETAILS
1.941.877.1778
Florida Suncoast Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4492054
Last Updated: 02/20/2021
