Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $230.31
- 7 Days on Market
- MLS # : A4506059
- Updated Date : 07/13/2021 at 11:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,498 sqft
- Baths : 2 full
Listing Agent
Realty Hub
Listing Agent's Description
Why wait to build? Nothing to do but move in! This beautifully updated home is ready for new owners looking to enjoy Southwest Florida Lifestyle less than ten minutes to local beaches and the incredible tarpon fishing in nearby Boca Grande! This Eco-friendly home, newly landscaped and out of the flood zone, just had a new roof and $30k SOLAR System installed (2-yrs old & paid-off) so you can save $200-300/mo. on your electric bills and most months the owner sells energy back to the grid! Recently painted inside, this wonderful home has a recently updated kitchen including granite countertops, a beautiful backsplash, shaker cabinets, center island, all open to the dining area and living room with sliders leading to screened lanai where you can relax and enjoy the view of your private fenced-in backyard on those cool evenings. The backyard includes a sizeable shed and it’s a great place where your pets can run freely. For those who need a private extra space or an air conditioned home office, the 15x20 utility room off the garage has natural light and an exterior door leading to back yard that is perfect for just that! It’s all set up with an outdoor shower and plenty of space should you want to have a pool put in! The master bedroom offers an oversized walk-in closet and an updated ensuite with natural light and a walk-in glass shower! The home is optionally furnished for a quick move-in! Live the Florida Salt Life or rent it out monthly or seasonally to quality tenants, while having the ability to enjoy it as your vacation home! The current owner rented seasonally at a rate of $4,000 per month! Englewood living is like living in Paradise! You won’t see High-Rise Buildings in this quaint Old-Florida Town obstructing the breath-taking sunset views off the Gulf of Mexico.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Section 64
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Section 64
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$413 | |
| Property Insurance | -$125 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$105
|
||
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.
$345,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
4.33
YEARS SAVED
$14,154
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$1,865
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
-
10212 Stonecrop Ave Englewood, FL 4
- 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,760
- $1.17
-
9116 Castlehill Ave Englewood, FL 1
- 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987
![property image]()
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,325
- $1.10
-
26 Mariner Ln Rotonda West, FL 2
- 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1990
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,425
- $1.07
-
7193 Carvel St Englewood, FL 3
- 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2008
![property image]()
LEASED 06/08/21- Rent
- Rent Per SQFT
- $1,600
- $1.22
-
7451 Regina Dr Englewood, FL 5
- 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1993
![property image]()
LEASED 06/28/21- Rent
- Rent Per SQFT
- $2,600
- $1.59
PROPERTY LISTING DETAILS
1.203.209.6559
Realty Hub
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4506059
Last Updated: 07/13/2021
