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8724 54th Ave E Bradenton, FL 34211

3 Beds 3 Baths 2,644 sqft Built 1995

$440,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $166.41
  • 2 Days on Market
  • MLS # : A4484831
  • Updated Date : 11/28/2020 at 14:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,644 sqft
  • Baths : 3 full
Listing Agent

Coastal Luxury Partners, Inc.

Listing Agent's Description

Showings available via live streaming from the comfort of your home! OPPORTUNITY KNOCKS HERE...ONE FOR THE MONEY! This unique home is situated on the golf courses 5th fairway on almost 1/4 acre, beautiful mature landscape, delivers the ultimate privacy setting, with a separate guest suite Casita, located within the popular Rosedale Golf & Country Club! Rosedale Golf & Country Club is a Gated Community with NO CDD Fees, NO Mandatory Memberships, 24 Hour Security, Full Calendar of Activities, Clubs & Events, Golf, Tennis, Fitness, Resort Style Pool, Bocce' Ball, renovated Clubhouse & so much more! The location of this community is so convenient to literally everything, UTC Mall, I-75, Hospitals, Sarasota Airport, plethora of Restaurants, Beaches, Sporting Events, Theater, etc. NOW ABOUT THIS HOME...a refreshingly different "Sunsprite" floor plan is a 2,644 sq. ft. of living space, 3 Bedroom, 3 full baths, separate guest Casita, light & bright living space surrounds the courtyard lanai & peaceful Koi Pond to stock your fish. Features & Upgrades include Brand New Roof October 2020, 5 year new A/C, 6 year new hot water heater, 2 years new LG washer & dryer, some appliances newer, new carpet, freshly painted lanai & Koi pond, Pella thermal pane windows & doors, custom closets in master bedroom, spectacular custom wood built-in library, computer cubby that can easily be converted back to 4th bath, Ready For You!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 34211

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $112k441k

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

Zip Code: 34211

ZipNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
Braden River Elementary School Primary Regular 672 46 6
Braden River Middle School Middle Regular 977 56 5
Lakewood Ranch High School High Regular 2,299 95 7

Braden River Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 46
6
GreatSchools Rating

Braden River Middle School

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

Lakewood Ranch High School

  • Education Level: High
  • # of students: 2,299
  • # of teachers: 95
7
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,623
Property Tax -$523
Property Insurance -$198
HOA -$126
Property Management Fees -$80
CASH FLOW
$289

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.

$440,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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

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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$66,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,915

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,8004$2,8405$3,000
$3,000
RENT COMPS ANALYSIS
  • 8724 54th Ave E Bradenton, FL 4
    • 3 beds 3 baths ∙ 2,644 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,644 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.07
    •  
  • 10346 Palmbrooke Ter Bradenton, FL 1
    • 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 1994
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.06
    •  
  • 6221 Cormorant Ct Bradenton, FL 2
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2004
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
  • 10228 Loch Lomond Dr Bradenton, FL 3
    • 3 beds 4 baths ∙ 2,481 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,481 Sqft ∙ Built 2015
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.13
    •  
  • 8701 52nd Ave E Bradenton, FL 5
    • 3 beds 3 baths ∙ 2,601 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,601 Sqft ∙ Built 1995
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.15
    •  
PROPERTY LISTING DETAILS
Debi Chaffee
1.941.773.9629
Coastal Luxury Partners, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484831
Last Updated: 11/28/2020
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