715 53rd Avenue Dr W

Bradenton, FL 34207
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3 bd, 2 ba | 1,408 sqft | Built in 1970

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List Price
$329,000

Initial Investment

$89,653

Purchase Price

$329,000

Down Payment

25%

Rent

$2,350

Total Return

$185,628

Annualized Return

25.0%

Cap Rate

5.5%

Gross Yield

8.6%

Cash Flow

-$900

Appreciation

9.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,001

HOA

None

Flood Risk

Not Required

This water view comfortable 3-bedroom, 2-bathroom residence is a well maintained with recent upgrades including a new roof, new flooring, and painted in the last two years. The spacious eat-in kitchen offers ample counter and cabinet space. The garage has been thoughtfully converted to an oversized master bedroom, expanding the living space. The backyard has an unobstructed view of Ruby Lake, enhancing the home's allure. Whether you're in search of a forever home or an investment opportunity, this property presents a compelling package. Currently leased with reliable month-to-month tenants who express interest in continuing their occupancy, generating a steady rental income of $2,500. The residence provides a perfect blend of urban convenience, with schools, parks, and shopping in close proximity, while allowing for moments of serenity as you unwind on the back porch, gazing upon the lake.

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$26,790

Expenses

-$6,004

Property Taxes

-$3,800

Loan Payments

-$17,886

Net Cash Flow

-$900

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Shana Hamel, PLLC
Agent License 3420940
COMPASS FLORIDA LLC
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #A4582961
Last Updated: 09/18/2023 20:09
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