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2730 Pursell Cir Sarasota, FL 34232

4 Beds 3 Baths 2,509 sqft Built 1978

$439,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k306k

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

Neighborhood: Pursell Acres

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000Rent in $11622059

* 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
Brentwood Elementary School Primary Regular 672 53 4
Mcintosh Middle School Middle Regular 684 50 5
Sarasota High School High Regular 2,110 106 6

Brentwood Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 53
4
GreatSchools Rating

Mcintosh Middle School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 50
5
GreatSchools Rating

Sarasota High School

  • Education Level: High
  • # of students: 2,110
  • # of teachers: 106
6
GreatSchools Rating
 

$395,100$482,900$439,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

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
$1,985
1$1,9852$2,2003$2,2004$2,2205$2,400
$2,400
RENT COMPS ANALYSIS
  • 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
Ryndie Brusco
1.941.809.6913
Michael Saunders & Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4489179
Last Updated: 01/22/2021
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