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3010 Oriole Dr Sarasota, FL 34243

3 Beds 2 Baths 1,852 sqft Built 2015

$365,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $197.08
  • 3 Days on Market
  • MLS # : A4489757
  • Updated Date : 01/29/2021 at 23:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,852 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Select

Listing Agent's Description

Location!! Location!! Location!! Discover Soleil--a highly sought-after location off University Pkwy nestled between HWY301 and I75 provides easy access to commute in any direction. This 2015 built open concept home is light & bright featuring a large island kitchen with a spacious dining area-perfect for family gatherings or entertaining. Also, beautiful expresso wood shaker cabinets, stainless steel appliances with granite solid surfaces add a few finishing details. Upgrades in the kitchen include crown molding on the cabinets, tiled backsplash, under-cabinet lighting, and a single bowl undermount sink on the kitchen island. There is tile flooring throughout the kitchen, family room area, and foyer. The bedrooms are carpeted for comfort on the feet. The master bedroom has a trey ceiling that gives it a spacious feel and plantation shutters for privacy. The master bath features a comfort height dual sink vanity with granite surface, a large soaking tub & walk-in shower along with private water closet. The additional bedrooms are tucked away on the front of the home with adjacent access to the guest bath for lots of privacy. One of the bedrooms are currently being used as an office. Step out the triple 8-foot sliders into covered lanai to enjoy the beautifully landscaped backyard. You can add a pool for your own outdoor oasis and convenience. Easy to install hurricane shutters are included with this home. Step out of your nest and visit the nearby community resort style pool & fitness center. There is even a doggie play run! All within a short stroll or bike ride. Pet friendly, Low HOA fees of $67/month and NO CDD make this home a top pick! With easy access off University Parkway there are lots of medical, shopping and dining options and the awesome UTC Mall. Short trip to downtown Sarasota, SRQ airport, Gulf beaches & Tampa airport only 50 minutes away. Schedule your showing today!!!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 34243

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k319k

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

Zip Code: 34243

ZipNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100Rent in $11792164

* 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
Kinnan Elementary School Primary Regular 656 41 3
Braden River Middle School Middle Regular 977 56 5
Southeast High School High Regular 1,457 68 5

Kinnan Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 41
3
GreatSchools Rating

Braden River Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 56
5
GreatSchools Rating

Southeast High School

  • Education Level: High
  • # of students: 1,457
  • # of teachers: 68
5
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,268
Property Tax -$399
Property Insurance -$150
HOA -$67
Property Management Fees -$129
CASH FLOW
$78

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.

$365,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 5.6%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$31,463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,111

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,2503$2,2704$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 3010 Oriole Dr Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.13
    •  
  • 2952 Oriole Dr Sarasota, FL 2
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 2015
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.11
    •  
  • 2937 Oriole Dr Sarasota, FL 3
    • 3 beds 3 baths ∙ 2,045 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,045 Sqft ∙ Built 2015
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.11
    •  
  • 2831 Esmeralda Dr Sarasota, FL 4
    • 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2015
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.17
    •  
  • 2854 Oriole Dr Sarasota, FL 5
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2016
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.17
    •  
PROPERTY LISTING DETAILS
Carlos Santana Pa
1.941.877.1615
Keller Williams Realty Select
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4489757
Last Updated: 01/29/2021
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