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1345 Fraser Pine Blvd Sarasota, FL 34240

3 Beds 2 Baths 1,959 sqft Built 2004

$439,900

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $224.55
  • 6 Days on Market
  • MLS # : O5919445
  • Updated Date : 01/29/2021 at 18:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,959 sqft
  • Baths : 2 full
Listing Agent

Beycome Of Florida Llc

Listing Agent's Description

This 1-story updated home is centrally located in a great neighborhood within easy short distance to A rated Tatum Elementary school and 1 mile from the celery fields. The home boasts 3 bedrooms, 2 baths with den, 3 car garage to store your toys and a recently updated pool with glass tiles. The kitchen offers an abundance of cabinetry and counter space, stainless steel appliances, Corian countertops, pantry, and eat in dinette. The recently repainted interior with split floor plan offers open and bright living and dining areas. The oversized master suite with access to the lanai, his and her (walk in) closets, and connects to the master bathroom with dual sinks, garden tub, and walk in shower. This home provides low cost of living with No CDDs and low HOA and is Close to I75, shopping, entertainment, trails, parks, and malls.

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
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,528
Property Tax -$411
Property Insurance -$156
HOA -$57
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 12% of earned rent to cover both maintenance and periods of vacancy.

$439,900

PROJECTED PRICE

$2,270

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$28,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,365

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,2703$2,3954$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 1345 Fraser Pine Blvd Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.16
    •  
  • 7322 Deer Crossing Ct Sarasota, FL 1
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 2001
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.08
    •  
  • 1613 Pinyon Pine Dr Sarasota, FL 3
    • 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 2004
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.19
    •  
  • 1951 Rolling Green Cir Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2002
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.31
    •  
  • 1059 Meadow Breeze Ln Sarasota, FL 5
    • 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 2000
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
PROPERTY LISTING DETAILS
Steven Koleno
1.844.239.2663
Beycome Of Florida Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5919445
Last Updated: 01/29/2021
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