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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $198.84
- 2 Days on Market
- MLS # : W7828958
- Updated Date : 12/06/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,976 sqft
- Baths : 2 full
Listing Agent
54 Realty Llc
Listing Agent's Description
Wonderful 3 bedroom, 2 bathroom, pool home in Sarasota. Upon arriving at this home, you are welcomed into a foyer that immediately opens to a spacious formal living room on the right that features high ceilings, laminate floors, and large windows to allow for natural light. Continuing past the living room you have a dedicated formal dining room with a sliding door that leads to the back patio. Adjacent to the dining room is the large kitchen with stainless steel appliances, tile floors, breakfast bar, and ample counterspace. Overlooking the kitchen is the family room with vaulted ceilings, laminate floors, and fan. The primary bedroom features high ceilings, sliding door for private access to the lanai, dual walk-in closets, and an en suite bathroom with double sinks and a large tiled walk-in shower. Outside, you can relax on your brick paver patio with screened lanai and private pool. Located in Sarasota, this home is convenient to shops, restaurants, and I-75 for an easy commute to Tampa and surrounding areas.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Colonial Woods Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Colonial Woods Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,450 |
| Property Tax | -$367 | |
| Property Insurance | -$157 | |
| HOA | -$17 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$70
|
||
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.
$392,900
PROJECTED PRICE
$2,050
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$109,869
LOAN DETAILS
$1,450
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,225 |
| Loan Amount | $294,675 |
5.25
YEARS SAVED
$25,399
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,055
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
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- $1,750
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5881 Old Summerwood Blvd Sarasota, FL 2
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LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,995
- $1.10
-
2595 Mapleloft Rd Sarasota, FL 4
- 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1988
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,100
- $1.09
-
1732 Old Summerwood Blvd Sarasota, FL 5
- 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2003
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,150
- $1.05
PROPERTY LISTING DETAILS
1.813.435.5411
54 Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7828958
Last Updated: 12/06/2020
