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7712 2nd Ave W Bradenton, FL 34209

3 Beds 2 Baths 1,473 sqft Built 1972

$369,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $251.12
  • 3 Days on Market
  • MLS # : A4484003
  • Updated Date : 11/20/2020 at 14:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,473 sqft
  • Baths : 2 full
Listing Agent

Michael Saunders & Company

Listing Agent's Description

This is the one you’ve been searching for in West Bradenton with NO Deed restrictions and a large lot at nearly a quarter acre. A beautifully remodeled kitchen offering a waterfall quartz countertop with shaker soft-close cabinets and all new upgraded appliances. The large master bedroom has a stunning spa like bathroom with wonderful tile selections that you are sure to love. The same attention to detail can be found in the main bathroom. Just off the kitchen is the beautiful large laundry room with plenty of counter and cabinet space for that extra storage you’ve been looking for. 3 bedroom 2 bath home with a spacious open floor plan is ideal for family gatherings or celebrations. Easy care coastal gray vinyl plank flooring throughout with modern oversized tile in bathrooms and laundry room. NO Deed restrictions so bring your boat or RV with three boat launches minutes away as well as Palma Sola Causeway. Only a short drive to the beautiful beaches of Anna Maria Island and 25 minutes to Sarasota / Bradenton International Airport. Don’t miss your opportunity to call this one home. Ask your agent to print the updates list off the MLS.

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: 34209

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k318k

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

Zip Code: 34209

ZipNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100Rent in $11792130

* 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
Stewart Elementary School Primary Regular 421 29 7
King Middle School Middle Regular 1,137 64 4
Manatee High School High Regular 2,409 115 5

Stewart Elementary School

  • Education Level: Primary
  • # of students: 421
  • # of teachers: 29
7
GreatSchools Rating

King Middle School

  • Education Level: Middle
  • # of students: 1,137
  • # of teachers: 64
4
GreatSchools Rating

Manatee High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 115
5
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,365
Property Tax -$407
Property Insurance -$126
Property Management Fees -$80
CASH FLOW
-$98

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.

$369,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,829
1$1,8292$1,8753$1,8804$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 7712 2nd Ave W Bradenton, FL 3
    • 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.28
    •  
  • 7209 3rd Ave Nw Bradenton, FL 1
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,829
    • $1.11
    •  
  • 911 72nd St Nw Bradenton, FL 2
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1989
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.08
    •  
  • 7712 3rd Ave W Bradenton, FL 4
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1973
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.21
    •  
  • 1225 De Narvaez Ave Bradenton, FL 5
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1959
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.23
    •  
PROPERTY LISTING DETAILS
Kathy Valente
1.941.685.6767
Michael Saunders & Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484003
Last Updated: 11/20/2020
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