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1328 Fraser Pine Blvd Sarasota, FL 34240

3 Beds 3 Baths 2,434 sqft Built 2006

$495,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $203.37
  • 7 Days on Market
  • MLS # : A4489394
  • Updated Date : 01/25/2021 at 18:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,434 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exit King Realty

Listing Agent's Description

PREPARE TO BE WOWED WITH THIS METICULOUSLY KEPT 2437 SQ FT HOME! Perfect location, concrete tile roof, new AC, 3 BR plus an office/den, 3 car garage. The kitchen offers an abundance of cabinetry and counter space, appliances, Corian countertops, breakfast bar, closet pantry, and eat in space. This split floor plan boasts a large foyer that flows into the open & bright formal living and dining room. The perfect location for entertaining on those special occasions. Located in the rear of the home is the private master suite with double walk in closets, generous bathroom ensuite, and it's own private office/den. You can also turn the office into a 4th bedroom. The master bathroom offers dual sinks, garden tub, walk in shower, and private water closet along with a linen closet. The additional bedrooms are located towards the front of the home near the second full bath. Beautiful lanai with mature landscaping. This home provides privacy and plenty of wide open entertaining spaces. Close to I75, shopping, entertainment, walking trails, parks, & 'Sarasota Mountain'! You don't want to miss this beautiful property!

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: Villages at Pinetree Ponderosa Enclave

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k484k

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

Neighborhood: Villages at Pinetree Ponderosa Enclave

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
Tatum Ridge Elementary School Primary Regular 669 46 8
Mcintosh Middle School Middle Regular 684 50 5
Sarasota High School High Regular 2,110 106 6

Tatum Ridge Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 46
8
GreatSchools Rating

Mcintosh Middle School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 50
5
GreatSchools Rating

Sarasota High School

  • Education Level: High
  • # of students: 2,110
  • # of teachers: 106
6
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,719
Property Tax -$463
Property Insurance -$185
HOA -$57
Property Management Fees -$129
CASH FLOW
$137

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.

$495,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.8%
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$1.6M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$46,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,720

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,6903$2,8004$2,8955$3,200
$3,200
RENT COMPS ANALYSIS
  • 1328 Fraser Pine Blvd Sarasota, FL 2
    • 3 beds 3 baths ∙ 2,434 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,434 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.11
    •  
  • 2879 Grazeland Dr Sarasota, FL 1
    • 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 3263 Alex Findlay Pl Sarasota, FL 3
    • 3 beds 4 baths ∙ 2,542 Sqft ∙ Built 1996 3 beds 4 baths ∙ 2,542 Sqft ∙ Built 1996
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
  • 2983 Bravura Lake Dr Sarasota, FL 4
    • 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2004
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.13
    •  
  • 7458 Palmer Glen Cir Sarasota, FL 5
    • 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2002
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.35
    •  
PROPERTY LISTING DETAILS
Anna Martin
1.941.539.6601
Exit King Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4489394
Last Updated: 01/25/2021
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