Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $189.16
- 5 Days on Market
- MLS # : A4482872
- Updated Date : 11/20/2020 at 00:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,586 sqft
- Baths : 2 full
Listing Agent
Palmerhouse Properties
Listing Agent's Description
AWESOME ON ASHTON!!! This delightful 3 bedroom 2 bath home on an oversized corner lot has a FRESHLY PAINTED INTERIOR (2020) with NEW CARPET INSTALLED IN THE 2ND & 3RD BEDROOMS (2020). IT’S MOVE-IN READY! Other seller improvements include UPDATED KITCHEN CABINET DOORS (2016) and GRANITE COUNTERTOPS (2012), NEW ROOF (2010), NEW A/C (2020) and SEWER HOOKUP (2019). Split floorplan – spacious screened lanai overlooking large backyard and bonus room – carport and storage shed under roof are all part of what makes this south Sarasota home special! The location can’t be beat as it’s just minutes to Siesta Key Beach, Downtown Sarasota, I75, Gulf Gate Village shoppes & dining nearby and Sarasota County’s 72-acre Red Bug Slough Preserve just at the end of the street with hiking trails, picnic tables & more!!! NO HOA FEES – NO CDD FEES – BE SURE TO WATCH THE VIDEO TOUR AND SCHEDULE A SHOWING TODAY!!!
SEE MORE
- 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: Ashton Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ashton Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$281 | |
| Property Insurance | -$133 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$129
|
||
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.
$300,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.58%
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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
8.42
YEARS SAVED
$39,273
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,729
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
3209 Ashton Rd Sarasota, FL 3
- 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $1,730
- $1.09
-
5438 Creeping Hammock Way Sarasota, FL 1
- 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1981
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,400
- $0.93
-
5210 Lords Ave Sarasota, FL 2
- 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1964
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,595
- $1.04
-
5610 New York Ave Sarasota, FL 4
- 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1985
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,900
- $1.17
-
5370 Matthew Ct Sarasota, FL 5
- 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1995
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,050
- $1.22
PROPERTY LISTING DETAILS
1.941.284.9826
Palmerhouse Properties
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4482872
Last Updated: 11/20/2020
