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4091 Green Tree Ave Sarasota, FL 34233

3 Beds 2 Baths 2,224 sqft Built 2000

$499,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $224.37
  • 7 Days on Market
  • MLS # : A4483844
  • Updated Date : 11/17/2020 at 09:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,224 sqft
  • Baths : 2 full
Listing Agent

Sarasota Land And Homes Llc

Listing Agent's Description

You have finally found the house & the neighborhood you have been looking for! Welcome to Green Tree Subdivision, a lovely neighborhood with mature trees & friendly neighbors. The home sits on almost a 1/4 acre and boasts an oversized 2 car garage with garage door opener, 3 large bedrooms & 2 baths. This is a split plan with a huge master suite with a private slider to the lanai. The other side of the house has 2 full bedrooms and a guest bathroom. Upon entering this well constructed and immaculately maintained home you will find a formal living/dining, large kitchen/family room, tile floors throughout, inside laundry room, lots of storage, and is ready & waiting for a new owner. This home is being offered turnkey fully furnished optional. Green Tree is in the Ashton/Sarasota Middle/Riverview school district, is conveniently located to I-75, shopping, dining, of course only minutes away to the quartz sand of Siesta Key Beach! Don’t miss this one!

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: Green Tree

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k440k

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

Neighborhood: Green Tree

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
Ashton Elementary School Primary Regular 896 56 10
Sarasota Middle School Middle Regular 1,270 80 9
Riverview High School High Magnet 2,483 126 7

Ashton Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 56
10
GreatSchools Rating

Sarasota Middle School

  • Education Level: Middle
  • # of students: 1,270
  • # of teachers: 80
9
GreatSchools Rating

Riverview High School

  • Education Level: High
  • # of students: 2,483
  • # of teachers: 126
7
GreatSchools Rating
 

$449,100$548,900$499,000

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 -$1,841
Property Tax -$467
Property Insurance -$172
HOA -$21
Property Management Fees -$80
CASH FLOW
-$191

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.

$499,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 7.3%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$22,188

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
  • $1.07

    LIST RENT PER SQFT
  • $2,180

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$2,1003$2,3004$2,3905$2,400
$2,400
RENT COMPS ANALYSIS
  • 4091 Green Tree Ave Sarasota, FL 4
    • 3 beds 2 baths ∙ 2,224 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,224 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.07
    •  
  • 4011 Southern Manor Ct Sarasota, FL 1
    • 3 beds 2 baths ∙ 2,215 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,215 Sqft ∙ Built 1990
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.85
    •  
  • 4744 Spring Meadow Ln Sarasota, FL 2
    • 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1994
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 4873 Huntleigh Dr Sarasota, FL 3
    • 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 1983
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 4443 Golden Lake Dr Sarasota, FL 5
    • 4 beds 2 baths ∙ 2,323 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,323 Sqft ∙ Built 1998
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
PROPERTY LISTING DETAILS
Lauren Crowley
1.207.299.0728
Sarasota Land And Homes Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483844
Last Updated: 11/17/2020
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