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1900 N Tuttle Ave 
Sarasota, FL
34234
4 Beds 1 Baths 1,786 sqft
Built 1964
INVESTimate
$239,900
List Price
$69,324
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PROPERTY INFO
FACTS
- Built In 1964
- Price/Sqft : $134.32
- 2 Days on Market
- MLS # : A4476363
- Updated Date : 08/26/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,786 sqft
- Baths : 1 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Close to everything!! Minutes from downtown Sarasota, Lido Key, shopping, dining, and entertainment. Set your sights on this recently remodeled home with spacious living areas and a larger master bedroom with a walk in closet. The back yard features a large patio and scenic landscaping. The home is situated on almost a 1/4 of an acre. This home has been remodeled with new kitchen cabinets, countertops, appliances; new bathroom sink,vanity, lights, and plumbing fixtures; new heating and air conditioning, water heater, flooring, interior and exterior paint. Added feature is an oversized driveway.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Leisure Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Leisure Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$224 | |
| Property Insurance | -$146 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$465
|
||
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.
$239,900
PROJECTED PRICE
$1,800
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 8.37% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
14.67
YEARS SAVED
$68,012
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,817
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
1900 N Tuttle Ave Sarasota, 5
- 4 beds 1 baths ∙ 1,786 Sqft ∙ Built 1964 4 beds 1 baths ∙ 1,786 Sqft ∙ Built 1964
![property image]()
- Rent
- Rent Per SQFT
- $1,800
- $1.01
-
531 N Brink Ave Sarasota, 1
- 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1979
![property image]()
LEASED 07/09/19- Rent
- Rent Per SQFT
- $1,495
- $1.03
-
2740 Heather Pl Sarasota, 2
- 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1961
![property image]()
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,550
- $1.07
-
3103 Lockwood Lake Cir Sarasota, 3
- 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1983
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,650
- $0.98
-
1735 Dodge Ave Sarasota, 4
- 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1956
![property image]()
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,650
- $0.99
PROPERTY LISTING DETAILS
1.941.228.2030
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4476363
Last Updated: 08/26/2020
