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 1961
- Price/Sqft : $189.28
- 4 Days on Market
- MLS # : A4485087
- Updated Date : 12/03/2020 at 15:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,474 sqft
- Baths : 2 full
Listing Agent
Bright Realty
Listing Agent's Description
**EVERYTHING’S NEW!! This 3-bedroom, 2-bathroom home has been completely renovated from top to bottom. Owner installed new ROOF (including all decking), new A/C SYSTEM, new PLUMBING, new ELECTRICAL (including panel), new DOORS and IMPACT WINDOWS, new KITCHEN, new BATHROOMS, new DRYWALL, new FLOORING. The spacious, open floorplan is ideal for modern day living. The oversized living room is perfect for entertaining and the large master bedroom offers plenty of space for a reading nook along with office space. This home’s upgrades such as stainless steel appliances and recessed lights throughout, are the perfect finishing touches. There’s plenty of room to add a pool in the massive backyard where a privacy fence surrounds almost the entire property. Enjoy the convenient location with nearby shopping centers, restaurants, and I-75. Siesta Key North bridge is less than 5 miles away! Schedule a showing today!
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: Ridgewood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ridgewood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,029 |
| Property Tax | -$267 | |
| Property Insurance | -$126 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$248
|
||
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.
$279,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 10.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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
$79,685
LOAN DETAILS
$1,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
10.75
YEARS SAVED
$52,631
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$1,809
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
3732 Taro Pl Sarasota, FL 4
- 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1961
![property image]()
- Rent
- Rent Per SQFT
- $1,800
- $1.22
-
3106 Vinson Ave Sarasota, FL 1
- 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1978
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,600
- $1.05
-
4604 Brooksdale Dr Sarasota, FL 2
- 3 beds 2 baths ∙ 1,297 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,297 Sqft ∙ Built 1968
![property image]()
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,695
- $1.31
-
2834 Linwood Dr Sarasota, FL 3
- 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1978
![property image]()
LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,799
- $1.34
-
3707 Papai Dr Sarasota, FL 5
- 4 beds 3 baths ∙ 1,650 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,650 Sqft ∙ Built 1968
![property image]()
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,000
- $1.21
PROPERTY LISTING DETAILS
1.862.268.0070
Bright Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4485087
Last Updated: 12/03/2020
