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PROPERTY INFO
FACTS
- Single Family
- Built In 1965
- Price/Sqft : $178.41
- 2 Days on Market
- MLS # : A4491338
- Updated Date : 02/13/2021 at 20:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,709 sqft
- Baths : 2 full
Listing Agent
Savvy Avenue, Llc
Listing Agent's Description
Gulf Gate Area Gem!!! Neighborhood is quiet with Over 1,700 square feet. This beautiful 3BR, 2BA home has been meticulously updated. New indoor paint, flooring is new vinyl plank and updated bathrooms. Large kitchen features new granite counter tops, newer appliances and hardwood cabinets. Newer A/C. Huge master suite with crown molding and private side patio. Desirable split plan with newer windows and window treatments. Plumbing has been re-piped. Inside utility room includes washer & dryer. House flows out to a light and bright Florida Room. Outstanding curb appeal with mature landscaping and front patio. Fenced in backyard is great for pets. Enjoy entertaining on your large brick paver patio. This property is located in a highly rated school district. 5 minutes to #1 rated SIESTA KEY BEACH. Close to shopping, restaurants, bars, I-75 and more.
SEE MORE
- #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
Neighborhood: Golden Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Golden Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$286 | |
| Property Insurance | -$141 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$326
|
||
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.
$304,900
PROJECTED PRICE
$1,940
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$86,549
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,225 |
| Loan Amount | $228,675 |
11.5
YEARS SAVED
$53,989
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$2,145
COMP ESTIMATED VALUE -
$1.26
COMP AVG. RENT PER SQFT
Comps Range
-
3062 Williamsburg St Sarasota, FL 1
- 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1965
- Rent
- Rent Per SQFT
- $1,940
- $1.14
-
2453 Gulf Gate Dr Sarasota, FL 2
- 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1961
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,995
- $1.28
-
3047 Goodwater St Sarasota, FL 3
- 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1964
LEASED 04/11/20- Rent
- Rent Per SQFT
- $2,000
- $1.08
-
2722 White Sands Dr Sarasota, FL 4
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1961
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,000
- $1.26
-
2608 Constitution Blvd Sarasota, FL 5
- 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1964
LEASED 01/21/21- Rent
- Rent Per SQFT
- $2,500
- $1.40
PROPERTY LISTING DETAILS
1.612.490.1268
Savvy Avenue, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4491338
Last Updated: 02/13/2021
