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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $174.97
- 4 Days on Market
- MLS # : A4489179
- Updated Date : 01/22/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,509 sqft
- Baths : 3 full
Listing Agent
Michael Saunders & Company
Listing Agent's Description
Spacious and Inviting Family Home with lots of character and charm! Imagine an over 2,500SF family home offering 4 bedrooms, 3 bath, bonus room and large upstairs office that could easily be converted to a 5th bedroom with the addition of closet doors. From the welcoming front porch and white picket fence to the metal roof, this home beckons one to slow down and enjoy the Florida lifestyle. The open, updated floor plan offers a huge kitchen with wood cabinets and granite counters along with a kitchen bar large enough to serve a crowd. The dining room is expansive with room for entertaining and opens to the large, sunny family room. Natural light floods the home through multiple bay windows and creates a homey feel. The master bedroom along with two additional bedrooms are located on the first floor with a bonus room that could be used as an exercise room, second office, in-law suite or kids playroom. The laundry is conveniently located in the indoor utility room. A fourth bedroom, office and third bath are located upstairs. The rear screen porch overlooks the spacious backyard that is nearly fenced with room for a pool. Two storage buildings are located on the property - storage, man cave or she shed- the options are endless. Conveniently located near shopping, dining, area parks, beaches, downtown and the new Legacy Trail Extension. Come take a look today!
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Pursell Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pursell Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,525 |
| Property Tax | -$411 | |
| Property Insurance | -$190 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$34
|
||
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.
$439,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 7.7% |
| 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
$122,085
LOAN DETAILS
$1,525
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $109,750 |
| Loan Amount | $329,250 |
5.5
YEARS SAVED
$26,988
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,384
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2730 Pursell Cir Sarasota, FL 4
- 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $2,220
- $0.88
-
3708 Riviera Dr Sarasota, FL 1
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1976
LEASED 01/20/20- Rent
- Rent Per SQFT
- $1,985
- $0.89
-
1763 Riviera Cir Sarasota, FL 2
- 3 beds 2 baths ∙ 2,233 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,233 Sqft ∙ Built 1972
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,200
- $0.99
-
847 Hampton Wood Ct Sarasota, FL 3
- 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 1986
LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,200
- $0.89
-
4443 Golden Lake Dr Sarasota, FL 5
- 4 beds 2 baths ∙ 2,323 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,323 Sqft ∙ Built 1998
LEASED 03/15/20- Rent
- Rent Per SQFT
- $2,400
- $1.03
PROPERTY LISTING DETAILS
1.941.809.6913
Michael Saunders & Company
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4489179
Last Updated: 01/22/2021
