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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $224.27
- 2 Days on Market
- MLS # : A4488062
- Updated Date : 01/10/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,895 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Are you ready to live your best beach and pool life in Southwest Florida? This is the home! This home in the sought after neighborhood of Gulf Gate is only a ~7 minute drive to the beaches of Siesta Key which means you are only 7 minutes from heaven! This block pool home offers a split floorplan with 3 bedrooms, 2 bathrooms and an oversized 2 car garage. The large lanai offers a large covered space and an expansive pool... this home is within walking distance to library, shops, restaurants... and you can ride your bike to the South Bridge that will bring you to the beautiful white powdery sands and warm Gulf water on beautiful Siesta Key. Bring your kayaks, fishing rods, paddle boards or other water toys... get ready to play in beautiful Sarasota Florida! Come see, come sigh and make this home your own...
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Gulf Gate Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gulf Gate Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$397 | |
| Property Insurance | -$152 | |
| HOA | -$75 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$109
|
||
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.
$425,000
PROJECTED PRICE
$2,120
PROJECTED RENT
0.50%
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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
4.58
YEARS SAVED
$19,328
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,113
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
2511 Cardwell Way Sarasota, FL 4
- 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $2,120
- $1.12
-
7529 Curtiss Ave Sarasota, FL 1
- 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1973
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,995
- $1.13
-
3047 Goodwater St Sarasota, FL 2
- 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1964
LEASED 04/11/20- Rent
- Rent Per SQFT
- $2,000
- $1.08
-
2508 Cardwell Way Sarasota, FL 3
- 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1971
LEASED 11/10/20- Rent
- Rent Per SQFT
- $2,000
- $1.11
-
2736 Cardwell Way Sarasota, FL 5
- 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1971
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,300
- $1.14
PROPERTY LISTING DETAILS
1.941.404.8389
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4488062
Last Updated: 01/10/2021
