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 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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Tree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
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
-
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
1.941.961.8880
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4490594
Last Updated: 02/06/2021
