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4091 Green Tree Ave Sarasota, FL 34233

3 Beds 2 Baths 2,704 sqft Built 2000

$450,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $166.42
  • 3 Days on Market
  • MLS # : A4490594
  • Updated Date : 02/06/2021 at 21:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,704 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Come check out this meticulously maintained 3 bedrooms 2 bath home located right in the middle of Sarasota! Located in the desirable subdivision of Green Tree. You will appreciate the wide-open spaces this home offers with vaulted ceilings throughout the home. This is an open concept floor plan that has two bedrooms and a bathroom on one side of the home and the Master bedroom and master bath on the other side. The oversized fully tiled 2.5 car garage will surely please you as it has lots of storage in the built-in closets, room to store tools, lawnmowers, bikes, etc... The garage has been vented for heat and air so you may choose to utilize it as a large bonus room, office, studio, or even a 4th bedroom. The roof was replaced in March of 2017 and the air/heat unit is 10 years old. Beautiful driveway pavers were installed a couple of years ago on the massive driveway. The home sits on a large corner lot that is nearly 1/4 of an acre. The school district is highly desirable with only a few blocks walking distance to Ashton Elementary and Sarasota Middle School. Riverview Highschool is 2.6 miles away and The famous Siesta key beach is 6.1 miles away from your doorstep. There are plenty of restaurants, shopping, fitness clubs and parks nearby. I-75 highway is only 2.5 miles away for easy access to head north or south. An added bonus is the extremely low HOA fee's for such a nice community at only $250.00 per year. A Pool company is able to put a small pool on this property if you so wish. Pool Plans available. Some furniture could stay if you want it to. Call to make your appointment to see this lovely home. Motivated seller. Any and all offers will be considered by the owner.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,563
Property Tax -$421
Property Insurance -$202
HOA -$21
Property Management Fees -$129
CASH FLOW
$224

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.

$450,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.57%

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

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$52,572

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,684

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4113$2,5004$2,5605$2,985
$2,985
RENT COMPS ANALYSIS
  • 4091 Green Tree Ave Sarasota, FL 4
    • 3 beds 2 baths ∙ 2,704 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,704 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.95
    •  
  • 5349 Anthony Ln Sarasota, FL 1
    • 3 beds 3 baths ∙ 2,687 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,687 Sqft ∙ Built 2003
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 4495 Diamond Cir Sarasota, FL 2
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 1989
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,411
    • $0.99
    •  
  • 4759 Spring Meadow Ln Sarasota, FL 3
    • 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 1987
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
  • 4497 Golden Lake Dr Sarasota, FL 5
    • 4 beds 2 baths ∙ 2,594 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,594 Sqft ∙ Built 2000
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,985
    • $1.15
    •  
PROPERTY LISTING DETAILS
Cindy Lockhart
1.941.961.8880
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490594
Last Updated: 02/06/2021
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