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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Long Meadow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
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
-
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
1.941.720.3969
Boyd Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4487377
Last Updated: 01/03/2021
