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2327 Webber St Sarasota, FL 34239

3 Beds 2 Baths 1,096 sqft Built 1985

$345,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $314.78
  • 2 Days on Market
  • MLS # : A4487377
  • Updated Date : 01/03/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,096 sqft
  • Baths : 2 full
Listing Agent

Boyd Realty

Listing Agent's Description

Location, Location, Location, this Fabulous Newly Renovated Home is just minutes from Arlington Park which was selected as one of South Florida Great Florida Birding & Wildlife Trail, Downtown Sarasota only 2 miles away, the Powdered Sands of Siesta Key only 5 minutes away. Upon entering the front door, you are immediately flooded with natural light, fresh paint, new appliances, updated kitchen and bathrooms, new flooring, large closets, immaculate garage. The screened porch opens onto a large fenced backyard. Plenty of room for a pool to fit your hearts desire.

SEE MORE

MARKET HIGHLIGHTS

  • #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: Long Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $97k314k

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

Neighborhood: Long Meadow

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000Rent in $11362059

* 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
Southside Elementary School Primary Regular 725 50 9
Brookside Middle School Middle Regular 820 53 7
Sarasota High School High Regular 2,110 106 6

Southside Elementary School

  • Education Level: Primary
  • # of students: 725
  • # of teachers: 50
9
GreatSchools Rating

Brookside Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 53
7
GreatSchools Rating

Sarasota High School

  • Education Level: High
  • # of students: 2,110
  • # of teachers: 106
6
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,273
Property Tax -$323
Property Insurance -$103
Property Management Fees -$129
CASH FLOW
$72

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.

$345,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$38,004

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.73

    LIST RENT PER SQFT
  • $1,414

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7003$1,7504$1,7995$1,900
$1,900
RENT COMPS ANALYSIS
  • 2327 Webber St Sarasota, FL 5
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.73
    •  
  • 2590 Floyd St Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1977
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 2387 Datura St Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1984
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.29
    •  
  • 3032 Hawthorne St Sarasota, FL 3
    • 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1998
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.41
    •  
  • 2259 Arlington St Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1991
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.39
    •  
PROPERTY LISTING DETAILS
Laura Mckeithen
1.941.720.3969
Boyd Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4487377
Last Updated: 01/03/2021
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