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1376 Western Pine Cir Sarasota, FL 34240

3 Beds 3 Baths 2,443 sqft Built 2008

$469,900

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $192.35
  • 7 Days on Market
  • MLS # : T3288804
  • Updated Date : 02/22/2021 at 10:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,443 sqft
  • Baths : 2 full , 1 half
Listing Agent

Listingly.com

Listing Agent's Description

Won't last long! Don't miss an opportunity to live in The Enclave, a family friendly community conveniently located across from Tatum Ridge Elementary. This fabulous 3 bedroom plus den, 2.5 bath home features a 3 car garage and over 2400 sft of living space & has an abundance of upgrades. As you enter, you'll love the open concept floor plan drenched with natural light just perfect for functionality and entertaining. The designer tile throughout the main living areas adds for easy maintenance for the family on the go. The chef in the family will love the well appointed kitchen with warm wood cabinetry, granite countertops, stainless steel appliances, large breakfast bar and tons of storage. After a long day, you'll love retreating to your master suite where you can wash your cares away in your relaxing garden tub or curl up with a good book in your spacious bedroom accented by gleaming bamboo floors. The Master features his & her vanities, walk-in shower, separate water closet, 2 walk in closets and a linen closet. Love enjoying the outdoors? Then you’ll love spending time on the screened lanai and fenced in backyard complete with plenty of room to enjoy the outdoors or to design and install a brand new pool of your choice. The home is conveniently located near the celery fields nature preserve & bird sanctuary, with lots of biking and jogging trails. Additional features include new exterior paint, automatic LED driveway lights, video security door bell, key less entry, upgraded light fixtures and bamboo hardwood flooring in all bedrooms & den. The information provided herein, including but not limited to measurements, square footages, lot sizes, specifications, number of bedrooms, number of full or half bathrooms, calculations and statistics (“Property Information”) is subject to errors, omissions or changes without notice, and Seller and Broker expressly disclaim any warranty or representation regarding the Property Information. You must independently verify the Property Information prior to purchasing the Property.

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Villages at Pinetree Marsh Pine Enclave

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k532k

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

Neighborhood: Villages at Pinetree Marsh Pine Enclave

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942844

* 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
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,632
Property Tax -$439
Property Insurance -$186
HOA -$50
Property Management Fees -$129
CASH FLOW
-$36

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.

$469,900

PROJECTED PRICE

$2,400

PROJECTED RENT

0.51%

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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$27,776

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
  • $0.98

    LIST RENT PER SQFT
  • $2,700

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,145
1$2,1452$2,4003$2,5004$2,5005$3,200
$3,200
RENT COMPS ANALYSIS
  • 1376 Western Pine Cir Sarasota, FL 2
    • 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
  • 6792 Deering Cir Sarasota, FL 1
    • 3 beds 2 baths ∙ 2,133 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,133 Sqft ∙ Built 1996
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $1.01
    •  
  • 7434 Palmer Glen Cir Sarasota, FL 3
    • 4 beds 3 baths ∙ 2,788 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,788 Sqft ∙ Built 2001
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 6660 Deering Cir Sarasota, FL 4
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1999
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.16
    •  
  • 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
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.35
    •  
PROPERTY LISTING DETAILS
Amy Talkow
1.888.425.5478
Listingly.com
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288804
Last Updated: 02/22/2021
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