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3727 Calliandra Dr Sarasota, FL 34232

3 Beds 2 Baths 1,777 sqft Built 1973

$319,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $180.02
  • 4 Days on Market
  • MLS # : A4489027
  • Updated Date : 01/23/2021 at 10:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,777 sqft
  • Baths : 2 full
Listing Agent

Zachos Realty

Listing Agent's Description

Move right in to this beautiful Sarasota home which is located in the private and established neighborhood of Glen Oaks Estates. This home is move-in ready and you will be impressed with all the natural light and spacious open floor plan, which is perfect for entertaining. You will enjoy relaxing on your own private lanai. This large backyard will be your favorite spot to sit, relax and enjoy great conversations with family or friends, as you enjoy this beautiful Florida weather. There is room to add a pool (plumbing already connected) to create your own backyard oasis. This home offers a master on-suite that includes a separate vanity, walk-in closet and step-in shower. The split bedroom layout provides great space and privacy from one side of the house to the other. The master bedroom also has its own set of french doors that lead outside. New updated appliances also included! This beautiful home is just a few short minutes to downtown Sarasota, I75, the beaches, Ed Smith Stadium (Baltimore Orioles spring training), parks and all the shopping and restaurants Sarasota has to offer. This is an amazing location being less than four miles to downtown and seven miles to St. Armands Circle, and you are minutes away from a casual stroll or watching the sunset on the many beautiful gulf beaches like Lido Beach, Crescent Beach, Siesta Key Beach, Turtle Beach. This is a wonderful opportunity to enjoy owning your own Florida home!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Glen Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k306k

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

Neighborhood: Glen Oaks Estates

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
Tuttle Elementary School Primary Regular 701 53 5
Booker Middle School Middle Magnet 856 62 4
Booker High School High Magnet 1,087 69 4

Tuttle Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 53
5
GreatSchools Rating

Booker Middle School

  • Education Level: Middle
  • # of students: 856
  • # of teachers: 62
4
GreatSchools Rating

Booker High School

  • Education Level: High
  • # of students: 1,087
  • # of teachers: 69
4
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,111
Property Tax -$338
Property Insurance -$145
HOA -$11
Property Management Fees -$129
CASH FLOW
$156

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.

$319,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 4.4%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$37,202

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,884

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7003$1,7254$1,7995$1,890
$1,890
RENT COMPS ANALYSIS
  • 3727 Calliandra Dr Sarasota, FL 5
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.06
    •  
  • 2740 Heather Pl Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1961
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 635 Melody Cir Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1974
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.09
    •  
  • 3528 Monica Pkwy Sarasota, FL 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1958
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.08
    •  
  • 3839 Gopher St Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1961
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ryan Zachos
1.941.961.3560
Zachos Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4489027
Last Updated: 01/23/2021
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