Rental Investment Property
in the Suncoast Area of Florida
The Suncoast region of Florida, including Bradenton, Sarasota, Anna Maria, and Longboat Key, is a prime location for real estate investments. Known for its scenic beauty, vibrant community, and high demand for rental properties, this area offers investors an exceptional opportunity for short-term return on investment (ROI). With a thriving rental market and steadily appreciating property values, investing here is both lucrative and stable.
Property Details and Investment Timeline
- Property Location: 2nd-floor unit in the gated community of Vizcaya, Bradenton, FL
- Community Highlights: Mediterranean-style architecture, heated Olympic-size pool, spa, clubhouse, fitness center, walking trails, and proximity to IMG Academy and marinas.
- Purchase Price: $199,000 (June 2024)
- Renovation Costs: $30,000 (September 2024)
- Rental Start Date: Mid-September 2024
- Monthly Rental Income: $2,650
Current State
Financial Summary
| Metric | Details |
|---|---|
| Total Investment | $229,000 (purchase + renovation) |
| Annual Fees | $11,900 (or $12,900 with optional insurance) |
| Annual Income | $31,800 (monthly rent of $2,650) |
| Net Annual Income | $19,900 (or $18,900 with optional insurance) |
| Return on Investment | 11.5 years (or 12.1 years with optional insurance) |
Typical Example of Our Services
- Property Selection: Identification of a profitable rental property.
- Purchase: Assistance in the acquisition process.
- Renovation: Quick updates to enhance property value and appeal.
- Rental Management: Immediate tenant placement and ongoing property management.
About the Property
This investment property is a 2nd-floor flat in the gated community of Vizcaya, located in Bradenton, FL. It features Mediterranean-style architecture with a central courtyard and fountain, surrounded by lush landscaping, walking trails, and tropical trees. Residents enjoy access to a heated Olympic-size pool, spa, fitness center, and clubhouse. The community is minutes away from IMG Academy, IMG Golf & Country Club, and beautiful Anna Maria beaches.
During Renovation
Before Pictures
Conclusion
This case study is a testament to the opportunities in the Suncoast real estate market and Michaela’s ability to deliver exceptional results for her clients.
Connect with Michaela
Ready to take the next step in your real estate journey? Reach out to Michaela for personalized guidance and expert advice.