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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $131.77
- 2 Days on Market
- MLS # : A4490760
- Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,404 sqft
- Baths : 1 full
Listing Agent
Side Real Estate Inc
Listing Agent's Description
Oversized 3 bedroom, 1 bath home in this well kept community of Manatee Palms. As you walk into the front door, you are welcomed by a spacious living room that is adjacent to the eat-in kitchen. The kitchen leads out to the large backyard and screened in patio. On the left side of the home, there are 3 bedrooms, a bathroom, and lots of closet space. The garage has been converted to be apart of the home, but can easily be converted back to its original purpose. This home is in a great location that is a short walk to Manatee Palms Park and minutes to I-75, shopping, restaurants, and the beautiful Gulf Beaches.
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
Zip Code: 34208
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34208
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$643 |
| Property Tax | -$204 | |
| Property Insurance | -$122 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$373
|
||
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.
$185,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 6.1% |
| 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
$54,775
LOAN DETAILS
$643
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
14.83
YEARS SAVED
$45,075
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,577
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
6533 Alpine Ln Bradenton, FL 1
- 3 beds 1 baths ∙ 1,404 Sqft ∙ Built 1977 3 beds 1 baths ∙ 1,404 Sqft ∙ Built 1977
![property image]()
- Rent
- Rent Per SQFT
- $1,470
- $1.05
-
4534 Fern Dr Bradenton, FL 2
- 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1995
![property image]()
LEASED 03/07/20- Rent
- Rent Per SQFT
- $1,550
- $1.05
-
4411 4th Ave E Bradenton, FL 3
- 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1981
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,570
- $1.22
-
4851 8th Ave E Bradenton, FL 4
- 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 1989
![property image]()
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,750
- $1.10
PROPERTY LISTING DETAILS
1.941.400.0101
Side Real Estate Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4490760
Last Updated: 02/07/2021
