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1946 Rolling Green Cir Sarasota, FL 34240

3 Beds 3 Baths 2,669 sqft Built 1974

$375,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $140.50
  • 4 Days on Market
  • MLS # : A4484049
  • Updated Date : 11/20/2020 at 12:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,669 sqft
  • Baths : 3 full
Listing Agent

Florida Vip Realty Inc

Listing Agent's Description

As you make your way through this secluded neighborhood lined with mature oak trees, you will instantly fall in love with this one of a kind property. This spacious CONCRETE BLOCK POOL HOME features 3 bedrooms, 3 bathrooms, oversized 2 car garage, expansive screened-in pool deck, and sits on 1/3 of an acre! Immediately upon walking in, you will be captivated by the abundance of natural light and serene view directly out to the private pool area. The layout offers an open design with all living spaces looking out to the sparkling pool through the large sliding doors all along the rear of the house. The kitchen is located at the heart of the home and provides an efficient entertaining space as it overlooks the large dining room and family room that provide ample space for all of your family and friends. The enormous master retreat also has sliding doors out to the pool area, large walk-in closet and generous en-suite bathroom. The two secondary bedrooms each have their own bathroom and an abundance of closet space. Recent improvements to the property include NEW flat roof (2020), 2 NEW electrical panels (2017), well pump (2016), freshly painted pool deck (2020) and 2 A/C units (2014 and 2008). The exclusive neighborhood of Sarasota Golf Club has NO HOA FEES, is NON-DEED RESTRICTED, and located in an A-RATED SCHOOL DISTRICT! Boats, RVs, golf carts, and all vehicles are welcome! This PRIME LOCATION is minutes to I-75, UTC shopping district, Siesta Key Beach, and Downtown Sarasota.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Sarasota Golf Club Colony

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k409k

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

Neighborhood: Sarasota Golf Club Colony

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,384
Property Tax -$351
Property Insurance -$200
Property Management Fees -$80
CASH FLOW
$166

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.

$375,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 5.1%
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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$49,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,286

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1803$2,2004$2,400
$2,400
RENT COMPS ANALYSIS
  • 1946 Rolling Green Cir Sarasota, FL 2
    • 3 beds 3 baths ∙ 2,669 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,669 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.82
    •  
  • 4190 Keats Dr Sarasota, FL 1
    • 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 1977
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.87
    •  
  • 2881 Mira Loda Dr Sarasota, FL 3
    • 3 beds 2 baths ∙ 2,887 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,887 Sqft ∙ Built 1978
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 4344 John Donne Cir Sarasota, FL 4
    • 3 beds 3 baths ∙ 2,565 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,565 Sqft ∙ Built 1980
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Alyssa Frudakis
1.941.961.0828
Florida Vip Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484049
Last Updated: 11/20/2020
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