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PROPERTY INFO
FACTS
- Built In 1971
- Price/Sqft : $191.47
- 3 Days on Market
- MLS # : A4482781
- Updated Date : 11/06/2020 at 21:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,384 sqft
- Baths : 2 full
Listing Agent
Century 21 Integra Realty
Listing Agent's Description
This super charming home with tons of curb appeal and welcoming landscape is located on a quiet street in the popular De Soto Lakes neighborhood with no deed restrictions, no HOA, no CDDS. Central location and close to everything Sarasota has to offer. Lovingly owned and maintained by the same owners since 1972! This beautiful home offers 3 bedrooms, 2 full baths, 2 car attached garage, living room and separate dining/family or bonus room. Home features include a fenced backyard, aluminum storage shed and fully insulated attic, blown in fiberglass R-30, Culligan water softener, whole house 14kW Kohler automatic generator with 250 gal. propane tank, Bosch dishwasher, Whirlpool washer & dryer and 13.7 cu. ft Kenmore upright freezer, 40 gal. hot water heater installed in 2016 and video security system with DVR (4 cameras plus smart doorbell.) Another Bonus: Hurricane panels for entire home - a mix of wood panels for the windows, corrugated plexiglass clear panels for the large living room windows, and corrugated steel for the sliders to the lanai (quick install/removal, no nailing). Lanai has sliding vinyl/removable panels, so the lanai can be completely enclosed. Close to shopping, dining, and museums. Quick access to I-75 , UTC Mall, Benderson Park, University Pkwy, SRQ Airport, Lakewood Ranch, Downtown Sarasota or to our World Famous Beaches. Schedule your showing today!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: De Soto Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: De Soto Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$248 | |
| Property Insurance | -$121 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$324
|
||
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.
$265,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 9.1% |
| 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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
12.42
YEARS SAVED
$59,986
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$1,536
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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3937 Prado Dr Sarasota, FL 3
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- Rent Per SQFT
- $1,750
- $1.26
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4005 Prado Dr Sarasota, FL 1
- 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1973
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,699
- $1.14
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4022 Felipi Ln Sarasota, FL 2
- 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1973
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
-
4836 Barcelona Ave Sarasota, FL 4
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1978
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,775
- $1.09
-
4440 Beauchamp Ct Sarasota, FL 5
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1989
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,800
- $1.18
PROPERTY LISTING DETAILS
1.941.527.8700
Century 21 Integra Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4482781
Last Updated: 11/06/2020
