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2434 Britannia Rd 
Sarasota, FL
34231
3 Beds 2 Baths 1,339 sqft
Built 1962
INVESTimate
$299,000
List Price
$84,985
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PROPERTY INFO
FACTS
- Built In 1962
- Price/Sqft : $223.30
- 1 Days on Market
- MLS # : A4475521
- Updated Date : 08/26/2020 at 04:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,339 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This beachy and move-in ready home with 3 bedrooms and 2 bathrooms is located in Phillippi Gardens, a residential neighborhood in Sarasota with no deed restrictions and located just 5 minutes to world-famous Siesta Key, dining, shopping, Detweiler's and Publix, Phillippi Creek Oyster Bar, even a weekly farmer's market. The flooring has been updated with low-maintenance, waterproof wood-look laminate and the kitchen features stainless steel appliances, butcher block counters, and travertine tile backsplash. French doors lead the way from the living room to the large covered, screened, and pavered patio, which also features a new hot tub! The very private backyard is fenced and has an outdoor shower for rinsing off after the beach or gardening. The 2 car garage is oversized, and the driveway is also long enough to accommodate all your friends who come to visit. There is an outdoor security camera to add to your sense of safety and on top of it all, it's located in a wonderful school zone. This home is adorable and priced to sell quickly, so schedule your showing today!
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: Phillippi Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Phillippi Gardens
* 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 | $1,750 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$275 | |
| Property Insurance | -$118 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$173
|
||
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.
$299,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 9.43% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
9.33
YEARS SAVED
$45,347
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$1.31
LIST RENT PER SQFT
-
$1,744
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
2434 Britannia Rd Sarasota, 4
- 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1962
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- Rent
- Rent Per SQFT
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LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,600
- $1.32
-
2130 Michele Dr Sarasota, 2
- 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1958
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LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,600
- $1.30
-
5738 Savannah Dr Sarasota, 3
- 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 1972
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,675
- $1.13
-
5726 Waneta Pl Sarasota, 5
- 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1958
![property image]()
LEASED 11/13/19- Rent
- Rent Per SQFT
- $2,200
- $1.46
PROPERTY LISTING DETAILS
1.941.504.7260
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4475521
Last Updated: 08/26/2020
