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10209 Barker Ave Englewood, FL 34224

3 Beds 2 Baths 1,420 sqft Built 1988

$215,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $151.41
  • 4 Days on Market
  • MLS # : A4484195
  • Updated Date : 11/20/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,420 sqft
  • Baths : 2 full
Listing Agent

Zachos Realty

Listing Agent's Description

Welcome to this beautiful Florida lifestyle home. A wonderful house in a great location! If you love to be outside and enjoy the weather, this home is for you. This location is exceptionally private, yet close to everything. In addition to an open floor plan, vaulted ceilings, split bedrooms and updated kitchen, this home offers the perfect Florida lifestyle living. You will enjoy the privacy of the southwest facing lanai, a covered 14’ x 18’ back porch with additional seating and entertaining space. Beyond the porch you will enjoy relaxing with your morning cup of coffee on an open screened in 20’ x 27’ paver deck. Picture yourself relaxing in your own heated Jacuzzi. If you like to entertain, you will love the open fire pit area where you can sit, relax and enjoy great conversations with family or friends as you catch a glimpse of the beautiful sunset. This home offers a master on-suite that includes a separate vanity, walk-in closet and step-in shower. The split bedroom layout provides great space and privacy from one side of the house to the other. This home will be worry free for years to come, boasting a new A/C system and ductwork installed in 2016, new water supply lines in 2017, hurricane shutters installed on the entire house in 2018 and a large garage that has room for a workshop and projects. You'll be pleased to find that there are no association dues or other burdensome fees associated with owning this home. Take advantage of this wonderful opportunity to enjoy owning the home you always wanted in Florida.

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

Neighborhood: Section 64

NeighborhoodNIR Market*City2018Year2016 Q32019120k130k140k150k160k170k180k190kPrice in $119k199k

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

Neighborhood: Section 64

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21150120012501300135014001450150015501600165017001750Rent in $11481780

* 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
Vineland Elementary School Primary Regular 639 43 6
L. A. Ainger Middle School Middle Regular 775 41 6
Lemon Bay High School High Regular 1,268 62 7

Vineland Elementary School

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 43
6
GreatSchools Rating

L. A. Ainger Middle School

  • Education Level: Middle
  • # of students: 775
  • # of teachers: 41
6
GreatSchools Rating

Lemon Bay High School

  • Education Level: High
  • # of students: 1,268
  • # of teachers: 62
7
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$793
Property Tax -$257
Property Insurance -$120
Property Management Fees -$80
CASH FLOW
$109

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$215,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 3.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$29,093

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $980

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$750
1$7502$8503$9004$1,3605$1,395
$1,395
RENT COMPS ANALYSIS
  • 10209 Barker Ave Englewood, FL 4
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.96
    •  
  • 7113 Bougainvillea St Englewood, FL 1
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1995
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $750
    • $0.60
    •  
  • 7122 Sunnybrook Blvd Englewood, FL 2
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1994
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.64
    •  
  • 10327 Waterford Ave Englewood, FL 3
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.57
    •  
  • 7009 Mamouth St Englewood, FL 5
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
PROPERTY LISTING DETAILS
David Zachos
1.941.780.1909
Zachos Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484195
Last Updated: 11/20/2020
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