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10253 Winstead Ave Englewood, FL 34224

3 Beds 2 Baths 1,828 sqft Built 1984

$315,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $172.32
  • 3 Days on Market
  • MLS # : D6115637
  • Updated Date : 01/02/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,828 sqft
  • Baths : 2 full
Listing Agent

Edgerton Realty & Development

Listing Agent's Description

Wonderful opportunity to own a freshly renovated 3 Bedroom 2 Bath POOL home on a DOUBLE LOT in the lovely East Englewood community. This oversized property is almost a half acre. New granite countertops in the kitchen make meal preparation a pleasure. Home has a new roof installed in October 2020 plus the pool was also resurfaced. There is higher end flooring throughout the home. Located close to great shopping, restaurants from casual to gourmet and world class Golf Courses. Enjoy the relaxed atmosphere of artsy & quaint Olde Englewood Village, Sarasota cultural activities such as the Mote Marine Laboratory & Aquarium, the Ringling Museum, Sarasota nightlife and much, much more and of course the beautiful Gulf Beaches of Manasota Key, Venice Beach, Casey Key, Siesta Key or to the South beautiful Boca Grande!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,162
Property Tax -$377
Property Insurance -$145
Property Management Fees -$129
CASH FLOW
$327

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.

$315,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.68%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$63,897

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,052

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0003$2,0004$2,1405$2,400
$2,400
RENT COMPS ANALYSIS
  • 10253 Winstead Ave Englewood, FL 4
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.17
    •  
  • 9325 Fruitland Ave Englewood, FL 1
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1986
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 10204 Deerwood Ave Englewood, FL 2
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1989
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
  • 11053 Oceanspray Blvd Englewood, FL 3
    • 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 1984
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 9400 New Martinsville Ave Englewood, FL 5
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1987
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.28
    •  
PROPERTY LISTING DETAILS
Charles Edgerton, Sr.
1.201.953.1309
Edgerton Realty & Development
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: D6115637
Last Updated: 01/02/2021
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