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26 Jamestown Ave Englewood, FL 34223

3 Beds 2 Baths 2,045 sqft Built 1987

$319,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $156.43
  • 4 Days on Market
  • MLS # : D6116327
  • Updated Date : 02/05/2021 at 15:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,045 sqft
  • Baths : 2 full
Listing Agent

Gulf Realty & Associates Llc

Listing Agent's Description

WOW!!! Recently updated 3BR/2Bath home on a spacious lot in Pine Lake Subdivision. Home has PGT impact-rated windows, impact-rated garage door and new shingle roof as of 5/31/2018. Completely updated kitchen with wood cabinets, stainless steel appliances, quartz counter tops and tile flooring. All the floors in this home are either tile on a diagonal or engineered Brazilian Cherrywood throughout (no carpet). Bathrooms have updated vanities with granite tops, new hardware and sinks. Large Master bedroom with room for an office area. Oversized garage includes a workbench and plenty of storage; full-size washer/dryer. Just a short drive to shopping, local beaches and historic downtown Olde Englewood.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Pine Lake

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k297k

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

Neighborhood: Pine Lake

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001300140015001600170018001900200021002200Rent in $11792215

* 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
Taylor Ranch Elementary School Primary Regular 630 44 8
Venice Middle School Middle Regular 543 41 7
Venice High School High Regular 1,941 96 8

Taylor Ranch Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 44
8
GreatSchools Rating

Venice Middle School

  • Education Level: Middle
  • # of students: 543
  • # of teachers: 41
7
GreatSchools Rating

Venice High School

  • Education Level: High
  • # of students: 1,941
  • # of teachers: 96
8
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,111
Property Tax -$295
Property Insurance -$161
HOA -$10
Property Management Fees -$129
CASH FLOW
$363

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.

$319,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 6.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

11.92

YEARS SAVED

$59,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,071

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$2,0704$2,2005$2,520
$2,520
RENT COMPS ANALYSIS
  • 26 Jamestown Ave Englewood, FL 3
    • 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.01
    •  
  • 6 Brentwood Ln Englewood, FL 1
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1973
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 953 Gasparilla Blvd Englewood, FL 2
    • 3 beds 3 baths ∙ 2,226 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,226 Sqft ∙ Built 1974
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.72
    •  
  • 21 Saint John Blvd Englewood, FL 4
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1994
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 545 Curtis Blvd Englewood, FL 5
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1991
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.34
    •  
PROPERTY LISTING DETAILS
Jake Miller
1.941.475.1036
Gulf Realty & Associates Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: D6116327
Last Updated: 02/05/2021
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