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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $201.81
- 4 Days on Market
- MLS # : N6112839
- Updated Date : 12/03/2020 at 20:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,378 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Rarely available family home in the exclusive neighborhood of Greystone is nestled in amongst a tree-lined street with only 21 homes. This fabulous house features floor to ceiling windows allowing an abundance of sunlight to flow into the house making it an inviting and warm home to share with family and friends. This house also boasts a beautiful kidney shaped pool that has just been resurfaced along with the pool deck with an oasis of privacy in the fenced back yard with conservation views. The kitchen is a culinary delight featuring Quartz countertops and backsplash, wood cabinetry, stainless steel appliances and a Kitchen Aid gas range and exhaust hood. The master bedroom ensuite is located downstairs featuring an oversized walk in closet. The second floor has 3 more bedrooms and a full bath, perfect for a family or guests. Propane gas is used for the cooking range, 2 fireplaces, tankless water heater and clothes dryer. The house is hard wired for stereo speakers and a security system. Dual A/C units were replaced in 2018 and the roof was replaced in 2016. The neighborhood is conveniently located to the UTC mall, downtown Sarasota, first class restaurants and the world renowned Siesta Key Beach. Call to schedule your showing because this one of kind home won't last long!
SEE MORE
- #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: Greystone
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greystone
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,400 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$449 | |
| Property Insurance | -$182 | |
| HOA | -$33 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$164
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$479,900
PROJECTED PRICE
$2,400
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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
$132,924
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $119,975 |
| Loan Amount | $359,925 |
4.42
YEARS SAVED
$24,192
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,400
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,556
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
1063 Greystone Ln Sarasota, FL 4
- 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $2,400
- $1.01
-
1267 Cornish Ct Sarasota, FL 1
- 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1998
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,100
- $0.95
-
1721 Old Summerwood Blvd Sarasota, FL 2
- 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 2003
LEASED 10/31/19- Rent
- Rent Per SQFT
- $2,250
- $1.04
-
2816 Breton Woods Sarasota, FL 3
- 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1992
LEASED 04/20/20- Rent
- Rent Per SQFT
- $2,400
- $1.13
-
84 Arbor Oaks Dr Sarasota, FL 5
- 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 1996
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,600
- $1.18
PROPERTY LISTING DETAILS
1.941.202.8352
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6112839
Last Updated: 12/03/2020
