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

10355 Euston Ave Englewood, FL 34224

3 Beds 2 Baths 1,283 sqft Built 2006

$234,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $183.09
  • 4 Days on Market
  • MLS # : D6116476
  • Updated Date : 02/12/2021 at 08:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,283 sqft
  • Baths : 2 full
Listing Agent

Tall Pines Realty

Listing Agent's Description

*****MULTIPLE OFFERS - HIGHEST AND BEST BY NOON SUNDAY FEBRUARY 14TH ****** Open and Bright - the beautiful floor plan of this house will make you want to put your bags down and settle in! You enter the home into the huge open great room that overlooks the open kitchen and the dining area. Beyond a sizeable yard has plenty of room for relaxing or a pool. The kitchen is open and and bright. It is a great space for entertaining. The master bedroom features a built in and an en-suite bath and walk in closet. The owners have updated the bathroom closet space providing an open feel. Both bathrooms recently updated - vanity in guest bath to be completed prior to closing. The two beautiful guest rooms sit on the opposite side of the home separated by a bathroom. Have toys or a hobby? The spacious shed out back is perfect for all of your needs. This is an ideal seasonal home and a great year round home located close to the beach, golf, fishing and all of the wonderful outdoor activities Florida has to offer.

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 62

NeighborhoodNIR Market*City2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $99k350k

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

Neighborhood: Section 62

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212501300135014001450150015501600165017001750Rent in $12471755

* 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
Myakka River Elementary School Primary Regular 515 35 5
L. A. Ainger Middle School Middle Regular 775 41 6
Lemon Bay High School High Regular 1,268 62 7

Myakka River Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 35
5
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
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$816
Property Tax -$281
Property Insurance -$112
Property Management Fees -$129
CASH FLOW
$12

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.

$234,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$16,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,273

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4153$1,6254$1,6655$1,675
$1,675
RENT COMPS ANALYSIS
  • 10355 Euston Ave Englewood, FL 1
    • 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.05
    •  
  • 10397 Grail Ave Englewood, FL 2
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2018
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,415
    • $0.88
    •  
  • 10371 Grail Ave Englewood, FL 3
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.01
    •  
  • 10363 Grail Ave Englewood, FL 4
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $1.04
    •  
  • 10379 Grail Ave Englewood, FL 5
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.04
    •  
PROPERTY LISTING DETAILS
Julie Starbuck
1.941.268.4837
Tall Pines Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: D6116476
Last Updated: 02/12/2021
BESbswy