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11210 Sandhill Preserve Dr Sarasota, FL 34238

3 Beds 2 Baths 2,106 sqft Built 2015

$475,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $225.55
  • 3 Days on Market
  • MLS # : A4479893
  • Updated Date : 11/06/2020 at 15:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,106 sqft
  • Baths : 2 full
Listing Agent

Rosebay International, Inc

Listing Agent's Description

One or more photo(s) has been virtually staged. Sandhill Preserve at Palmer Ranch is a Brilliantly Designed, and Sought After Community of 302 Homes. Conveniently Located, Just Minutes to World Famous #1 Siesta Key Beach, Costco, Legacy Trail, Sprouts, Total Wine, and Much More. This 3bed/2bath + Den, Martin Ray Floorplan, Features Tile Flooring throughout, With the Exception of Bedrooms and Den. The Focal Point of This Open Floor Plan is The Large Center Island, The Perfect Place for Family and Friends Gatherings. Granite Counters, Butler’s Pantry, Gas Stove, Hardwood Cabinets,Crown Molding, and Separate Dining Area. The Kitchen Flows into The Great Room, and Out to the Lanai , With a View of a Protected Natural Preserve. The Lanai has Pavers and is positioned to offer you the Maximum Privacy. No Backyard Neighbors. The Master Bedroom is Spacious, and Master Bath Features Granite and Stone, Large Walk in Closet, and You Will Love the Design and Size of The Shower. This Home is a Short Stroll to the Clubhouse. Mailboxes are Centrally Located Next to the Club House Which Offers Outstanding Amenities Salt Water Heated Pool and Spa, Har Tru Tennis Courts, Fitness Center, Fire Pit, and Activities Director. Home is Equipped with Hurricane Shutters. Schedule Your Exclusive Showing Today

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Palmer Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k483k

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

Neighborhood: Palmer Ranch

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2140016001800200022002400260028003000Rent in $12943125

* 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
Laurel Nokomis School Primary Regular 1,024 85 9
Laurel Nokomis School Middle Regular 1,024 85 9
Venice High School High Regular 1,941 96 8

Laurel Nokomis School

  • Education Level: Primary
  • # of students: 1,024
  • # of teachers: 85
9
GreatSchools Rating

Laurel Nokomis School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 85
9
GreatSchools Rating

Venice High School

  • Education Level: High
  • # of students: 1,941
  • # of teachers: 96
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,753
Property Tax -$444
Property Insurance -$165
HOA -$367
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 12% of earned rent to cover both maintenance and periods of vacancy.

$475,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$23,748

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,411

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1503$2,3004$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 11210 Sandhill Preserve Dr Sarasota, FL 4
    • 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.28
    •  
  • 5687 Ferrara Dr Sarasota, FL 1
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 5712 Ferrara Dr Sarasota, FL 2
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
  • 5885 Ferrara Dr Sarasota, FL 3
    • 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2002
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.15
    •  
  • 5582 Carmona Pl Sarasota, FL 5
    • 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2002
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.39
    •  
PROPERTY LISTING DETAILS
John Peterson
1.941.650.0617
Rosebay International, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4479893
Last Updated: 11/06/2020
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