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2930 Woodcrest Dr Sarasota, FL 34239

3 Beds 2 Baths 1,708 sqft Built 1962

$367,500

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $215.16
  • 2 Days on Market
  • MLS # : A4492108
  • Updated Date : 02/21/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,708 sqft
  • Baths : 2 full
Listing Agent

Harry Robbins Assoc Inc

Listing Agent's Description

Updated, spacious 3 bedroom 2 bath home in Southgate. This 1,700+ SF home features a large master suite, living room and back patio as well as great backyard and beautiful kitchen and baths. The kitchen has stainless steel appliances, soft close drawers and granite countertops. Master suite is 22x12 with an en-suite consisting of a tub and a separate walk in shower. The south facing back patio is screened in and partially covered and is accessible from the French doors off of the living room and the master bedroom. The front driveway and back patio is all brick pavers. There is also screened in front patio, 1 car garage and well manicured curb appeal. Plenty of storage inside and out between the closets and a 14x10 concrete block storage shed. Updates include New metal roof, electric and replumbed in 2008. Patio addition with screen, shed and windows in 2016.

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: South Gate East

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k337k

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

Neighborhood: South Gate East

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000Rent in $11792059

* 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
Wilkinson Elementary School Primary Regular 483 40 4
Brookside Middle School Middle Regular 820 53 7
Sarasota High School High Regular 2,110 106 6

Wilkinson Elementary School

  • Education Level: Primary
  • # of students: 483
  • # of teachers: 40
4
GreatSchools Rating

Brookside Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 53
7
GreatSchools Rating

Sarasota High School

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

$330,750$404,250$367,500

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,276
Property Tax -$350
Property Insurance -$141
HOA -$75
Property Management Fees -$129
CASH FLOW
-$152

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.

$367,500

PROJECTED PRICE

$1,820

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 8.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,138

INVESTMENT

$103,138

Down Payment
$91,875
Rehab Estimate
$5,750
Closing Costs
$5,513

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,276

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,875
Loan Amount $275,625
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$12,492

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$1,8204$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 2930 Woodcrest Dr Sarasota, FL 3
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.07
    •  
  • 3144 Bougainvillea St Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1959
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.08
    •  
  • 3965 Corona Ln Sarasota, FL 2
    • 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 1977
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.08
    •  
  • 3212 Webber St Sarasota, FL 4
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1961
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.06
    •  
  • 3407 Pembrook Dr Sarasota, FL 5
    • 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1971
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
PROPERTY LISTING DETAILS
Troy Robbins
1.941.356.1613
Harry Robbins Assoc Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4492108
Last Updated: 02/21/2021
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