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4314 Reflections Pkwy Sarasota, FL 34233

3 Beds 2 Baths 2,130 sqft Built 2001

$394,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $185.40
  • 2 Days on Market
  • MLS # : N6114325
  • Updated Date : 03/14/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,130 sqft
  • Baths : 2 full
Listing Agent

Exit King Realty

Listing Agent's Description

Exquisite home in the inviting community of Villa Rosa. Surprisingly spacious with screened entry and welcoming foyer divide the formal living room and the large formal dining area. The kitchen and family room adjoin a generous lanai with soothing lake views. The wildlife watching is endless. The kitchen has solid wood cabinets and granite countertops and a very pleasant eating area. The master suite also overlooks the lake. The AC was installed in 2020 and all new LED lighting throughout. The tank-less water heater is 3 years old, and a recent roof inspection found no problems. Villa Rosa is a maintenance free community with pool, clubhouse and fitness center. Villa Rosa is located in the heart of Sarasota convenient to shopping, recreation, beaches and health care. This meticulously maintained home is a must see so schedule your private showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Villa Rosa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $109k425k

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

Neighborhood: Villa Rosa

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001300140015001600170018001900200021002200Rent in $11792203

* 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
Sarasota High School High Regular 2,110 106 6

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

Sarasota High School

  • Education Level: High
  • # of students: 2,110
  • # of teachers: 106
6
GreatSchools Rating
 

$355,410$434,390$394,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,372
Property Tax -$369
Property Insurance -$167
HOA -$212
Property Management Fees -$129
CASH FLOW
-$149

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.

$394,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 1.8%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,399

INVESTMENT

$110,399

Down Payment
$98,725
Rehab Estimate
$5,750
Closing Costs
$5,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,725
Loan Amount $296,175
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,214

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,098

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,1004$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 4314 Reflections Pkwy Sarasota, FL 4
    • 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
  • 5469 Exuma Pl Sarasota, FL 1
    • 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 1982
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
  • 4290 Reflections Pkwy Sarasota, FL 2
    • 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 4303 Reflections Pkwy Sarasota, FL 3
    • 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2002
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 5346 Charlie Brown Ln Sarasota, FL 5
    • 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2016
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jeff Stone
1.941.451.4776
Exit King Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6114325
Last Updated: 03/14/2021
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