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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $189.15
- 3 Days on Market
- MLS # : A4492030
- Updated Date : 02/20/2021 at 17:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,475 sqft
- Baths : 2 full
Listing Agent
Michael Saunders & Company
Listing Agent's Description
A single family home with great bones and likely all the features you want. Three bedroom, 2 bathroom split plan. The owner’s bedroom & bathroom are en-suite. Spacious bonus room can be your home office, home gym, playroom, etc. Interior laundry room. Private pool for water aerobics or cooling off; sunbathing on the pool deck. Dining and relaxing on the covered patio. Two car garage. Lots of space to embrace your desired lifestyle in southern Sarasota. Easy access to the Gulf beaches and downtown. Schedule your showing today. (Interior photos coming in a few days.)
SEE MORE
- 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
Zip Code: 34231
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34231
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$969 |
| Property Tax | -$276 | |
| Property Insurance | -$126 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$60
|
||
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.
$279,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,685
LOAN DETAILS
$969
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
7.25
YEARS SAVED
$25,007
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,434
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
1856 Mova St Sarasota, FL 3
- 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1974
![property image]()
- Rent
- Rent Per SQFT
- $1,560
- $1.06
-
8959 Pohoy Ave Sarasota, FL 1
- 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1985
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,100
- $0.78
-
2430 Pinehurst St Sarasota, FL 2
- 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1976
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,200
- $0.91
-
1847 Mova St Sarasota, FL 4
- 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1982
![property image]()
LEASED 01/02/21- Rent
- Rent Per SQFT
- $1,650
- $1.07
-
7529 Curtiss Ave Sarasota, FL 5
- 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1973
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,995
- $1.13
PROPERTY LISTING DETAILS
1.941.400.0805
Michael Saunders & Company
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4492030
Last Updated: 02/20/2021
