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116 Englewood Garden Cir Englewood, FL 34223

3 Beds 2 Baths 1,673 sqft Built 1983

$269,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $161.33
  • 5 Days on Market
  • MLS # : D6114502
  • Updated Date : 10/30/2020 at 12:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

Michael Saunders & Company

Listing Agent's Description

Location, location, location! Close to historic Dearborn Street and minutes to Englewood Beach, this 1673 square foot home, professionally cleaned, furnished and move in ready. This home features 3-bedrooms, 2-bathrooms, a semi open, split floor plan, oversized 2 car garage, spacious 7x8 laundry room, a 7x10 storage room, screened in Lanai with UV vinyl sliding windows, on an oversized corner lot with plenty room for a pool. Enjoy the light and bright kitchen with NEW LED lighting. A master bedroom with a deep walk-in closet, perfect for creating your tranquil dreamy place. The guest will not be left out with a peaceful, private guest suite. The Air conditioner is only 4 years old and tiled roof is 15 years. Home is on city water and sewer and in a NON Flood Zone. Come tour, fall in love and buy this home centrally located in the heart of Englewood.

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: Englewood Heights South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k297k

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

Neighborhood: Englewood Heights South

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000210022002300Rent in $11792356

* 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
Taylor Ranch Elementary School Primary Regular 630 44 8
Venice Middle School Middle Regular 543 41 7
Venice High School High Regular 1,941 96 8

Taylor Ranch Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 44
8
GreatSchools Rating

Venice Middle School

  • Education Level: Middle
  • # of students: 543
  • # of teachers: 41
7
GreatSchools Rating

Venice High School

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

$242,910$296,890$269,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$996
Property Tax -$269
Property Insurance -$139
Property Management Fees -$80
CASH FLOW
$637

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.

$269,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

16.17

YEARS SAVED

$84,234

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $2,309

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$2,1203$2,5204$3,600
$3,600
RENT COMPS ANALYSIS
  • 116 Englewood Garden Cir Englewood, FL 2
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.27
    •  
  • 1620 Lakeview Pl Englewood, FL 1
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1968
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.95
    •  
  • 545 Curtis Blvd Englewood, FL 3
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1991
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.34
    •  
  • 65 Beverly Cir Englewood, FL 4
    • 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 1972
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.85
    •  
PROPERTY LISTING DETAILS
Misty Raines Pa
1.941.724.1989
Michael Saunders & Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: D6114502
Last Updated: 10/30/2020
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