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3010 Bougainvillea St Sarasota, FL 34239

3 Beds 2 Baths 1,720 sqft Built 1973

$399,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $232.50
  • 2 Days on Market
  • MLS # : U8108240
  • Updated Date : 12/26/2020 at 15:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,720 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Fully UPDATED 3 bedroom, 2 bath, 2 car garage POOL home with OVERSIZED corner lot in South Gate! NO HOA! NO Flood Zone! NEWER HVAC (2016). Custom high-quality Metal Roof! This corner lot home has beautiful curb appeal with fresh exterior paint and professional landscaping. Upon entering you will notice the new interior paint, NEW WOOD PLANK TILE flooring, and modern fixtures. Plenty of living space with a formal living room and spacious dining room open to the kitchen for entertaining. Updated Kitchen with shaker cabinets, Granite counter tops, new stainless steel appliances, subway tile back splash, large closet pantry, and bonus breakfast bar seating at the custom island with extra cabinet space. Second family room is open to the kitchen with a sliding glass door to the pool area. Screened Pool deck with extra outdoor space for outdoor seating and stone BBQ area. Spacious Primary's suite with double extended closet and en suite bathroom with new Granite vanity and shower stall. Guest bedrooms are spacious with new plush carpeting. Extra linen closets in hallway for storage! Hall bathroom has new vanity. No flood insurance required. Extra outside storage shed. South Gate Community Association is voluntary and offers five acres on the Philippi Creek with a building designed by Victor Lundy of the Sarasota School of Architecture. Close to St. Armand's Circle and Downtown Sarasota shopping/ restaurants, Siesta Key Beach, Bayfront and Sarasota Memorial Hospital!

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: Southgate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k337k

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

Neighborhood: Southgate

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000Rent in $11792085

* 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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,475
Property Tax -$381
Property Insurance -$142
Property Management Fees -$129
CASH FLOW
-$47

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.

$399,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.52%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$29,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,875

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$2,0004$2,0805$2,100
$2,100
RENT COMPS ANALYSIS
  • 3010 Bougainvillea St Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.21
    •  
  • 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
    •  
  • 2515 Sunnyside St Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1960
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
  • 3212 Webber St Sarasota, FL 3
    • 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
    •  
  • 2513 Bougainvillea St Sarasota, FL 5
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1956
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
PROPERTY LISTING DETAILS
Andrea Stoll
1.727.490.9964
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108240
Last Updated: 12/26/2020
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