Beautiful Off Market Waterfront Property W Direct Access To Gulf of Mexico

  • House
    2100 square_feet
    bedroom 4 Bedrooms
    bathroom 3 Baths
  • Flip/Rental
    $445,000
    Status : Sold
    Year Built : 1962
 Description
Spoonbill Rd E Bradenton, FL 34209

Price $445k

ARV $675k
4bd/3ba 2100 sqft
Block exterior
City water/sewer
Built 1962
Good roof

Located in Flamingo Cay & on one of the deepest salt water canals with direct access to the Gulf of Mexico!

This beautiful piece of real estate doesn't need more than maybe fresh paint and minor touch ups. Pool uniquely & aesthetically placed at the front of the house
Can rent it short term (airbnb) for $225/night!!
Great ROI!!

 Rehab Work Needed
 General Amenities
 Distance

 Summary

Overview
Beautiful Off Market Waterfront Property W Direct Access To Gulf of Mexico Sold
$445,000
Property ID: FL190832946
Address: Login to View
City: Bradenton
State/Province: FL
Zip Code: 34209
Country: USA


Rental Analysis

+ Purchase Price: $445,000
+ Purchase Closing Cost: $13,350
+ Rehab Cost: $10,000
Total Acquisition Cost: $468,350


Monthly Rent: $0
+ Annual Potential Rent: $0
- Vacancy (3%): $0
Annual Gross Income: $0
Annual Gross ROI: 0%


Flip Analysis

+ Purchase Price: $445,000
+ Purchase Closing Cost: $13,350
+ Rehab Cost: $25,000
Total Acquisition Cost: $483,350


+ Selling closing cost: $20,250
+ Agent Commision : $20,250
Total Holding Cost: $40,500


Total Flip Cost: $523,850
Projected ARV: $675,000
Net Income (Profit): $151,150
CAP Rate: 28.85%

 Message

2 X 1 = ?