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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $210.66
- 4 Days on Market
- MLS # : A4485736
- Updated Date : 12/11/2020 at 19:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,661 sqft
- Baths : 2 full
Listing Agent
Florida Home Team Llc
Listing Agent's Description
Maintenance free home in Calusa Lakes that is move in ready. Peace of mind with impact glass windows and a wall safe in the closet for important documents. Beautiful attention to detail with crown molding throughout, built in architectural features, custom fans, updated baths with newer tile, cabinets, granite counters and mirrors. The updated kitchen has 2 level 16' granite counters. The guest bedroom has a Murphy bed that will stay. 2nd guest bedroom has built in desk and book shelves. The serene master bedroom has an ensuite bath with dual sinks, roman shower, as well as a walk in closet. An inside utility room is complete with sink , full sized stack washer and dryer, and a large pantry. Spectacular lanai with a water feature and views of the preserve. Community pool, tennis, optional golf all available for residents. Nokomis beaches, The Legacy Trail, parks, shopping and Sarasota Memorial Hospital all close to this location in paradise. No CDD; homeowners association fees include ground maintenance.
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Falcon Trace at Calusa Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Falcon Trace at Calusa Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$301 | |
| Property Insurance | -$138 | |
| HOA | -$79 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$242
|
||
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.
$349,900
PROJECTED PRICE
$2,180
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 5.0% |
| 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
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
9.58
YEARS SAVED
$56,233
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 -
$1.31
LIST RENT PER SQFT
-
$1,769
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
2306 Harrier Way Nokomis, FL 3
- 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $2,180
- $1.31
-
2201 Lakewood Dr Nokomis, FL 1
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1990
![property image]()
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,695
- $1.07
-
403 Giovanni Dr Nokomis, FL 2
- 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1981
![property image]()
LEASED 11/27/19- Rent
- Rent Per SQFT
- $2,000
- $1.06
PROPERTY LISTING DETAILS
1.941.726.0319
Florida Home Team Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4485736
Last Updated: 12/11/2020
