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3743 Bonaventure Ln Sarasota, FL 34243

3 Beds 2 Baths 2,099 sqft Built 1987

$349,900

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $166.70
  • 2 Days on Market
  • MLS # : D6116077
  • Updated Date : 01/23/2021 at 04:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,099 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Gold

Listing Agent's Description

MOVE-IN-READY YOUR COMPLETELY REMODELED OVER 2000sf WATERFRONT JEM PLACES IN THE HEART OF SARASOTA ON ONE OF THE LARGEST 1/3 ACRES ALL FENCED IN LOT IN CEDAR CREEK COMMUNITY SURROUNDED BY LAKES! PLENTY OF ROOM FOR YOUR POOL! NO CDD! NOT IN FLOOD ZONE! NEWER ROOF! NEWER AC! RECENTLY REPLACED HURRICANE RESISTANT WINDOWS! As you enter through the ALL SCREENED and UPGRADED FRONT DOOR your eyes will catch HIGH CEILINGS THROUGHOUT and OPEN/SPLIT FLOOR PLAN! SPACIOUS LIVING ROOM WITH DOUBLE CEILING FANS AND PLANTATION SHUTTERS! THAT TAKES YOU TO LARGE BREAKFAST/SEPARATE EATING AREA ALL TILED! KITCHEN IS A STATE OF ART COMPLETELY REMODELED with TALL up to ceiling WILLMINGTON HICKORY KITCHEN CABINETS! And, High level GIALLO ORNAMENTAL 3 CM GRANITE COUNTERTOPS! DOUBLE SINK! NEWER APPLIANCES! BEAUTIFUL SKYLIGHT IN KITCHEN AND FORMAL SPACIOUS DINING ROOM! ALL ROOMS WITH UPGRADED LIGHTING FIXTURES AND CEILING FANS IN EACH ROOM! BOTH BATHROOMS COMPLETELY REMODELED with DOUBLE VANITIES, and TILED SHOWERS! SPACIOUS MASTER BEDROOM with TWO LARGE CLOSETS AND MASTER BATH WITH TWO SINKS, LARGE SHOWER AND GARDEN TUB! LARGE LAUNDRY ROOM with UTILITY SINK! THIS BEAUTIFUL HOME IS TASTEFULLY LANDSCAPED FOR YOUR ENJOYMENT! Located in SARASOTA , Florida-one of the popular places to live! IN A+ SCHOOL DISTRICT! Close to Sandy Beaches, Entertainment, Shopping/Restaurants, and I-75! MUST SEE! Come and check it out for yourself! SCHEDULE YOUR PRIVATE SHOWING TODAY! And, OWN THIS MAGNIFICENT DREAM HOME!

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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: Cedar Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k409k

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

Neighborhood: Cedar Creek

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12602642

* 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
Emma E. Booker Elementary School Primary Regular 554 44 2
Booker Middle School Middle Magnet 856 62 4
Booker High School High Magnet 1,087 69 4

Emma E. Booker Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 44
2
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
 

$314,910$384,890$349,900

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,215
Property Tax -$327
Property Insurance -$165
HOA -$42
Property Management Fees -$129
CASH FLOW
$512

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.

$349,900

PROJECTED PRICE

$2,390

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

13.17

YEARS SAVED

$73,610

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,424

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3754$2,3905$2,500
$2,500
RENT COMPS ANALYSIS
  • 3743 Bonaventure Ln Sarasota, FL 4
    • 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,099 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.14
    •  
  • 5781 Forester Oak Ct Sarasota, FL 1
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1989
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 4634 Classique Dr Sarasota, FL 2
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1991
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
  • 5509 83rd Ter E Sarasota, FL 3
    • 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1989
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.24
    •  
  • 8223 46th Ct E Sarasota, FL 5
    • 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 2002
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Yelena Golovatyuk
1.941.303.0104
Keller Williams Realty Gold
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: D6116077
Last Updated: 01/23/2021
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