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4517 Barton Dr Sarasota, FL 34232

3 Beds 2 Baths 1,384 sqft Built 2001

INVESTimate

$274,900

List Price

$1,700

$1,530 - $1,870

Rent Est.

$299,888  ( +9.09%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $198.63
  • 5 Days on Market
  • MLS # : A4475900
  • Updated Date : 08/22/2020 at 23:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,384 sqft
  • Baths : 2 full
Listing Agent

New Alliance Group Realty

Listing Agent's Description

This three bedroom, two bath home is ready for your personal touch! Located in Sarasota's top school zones, this is perfect for any growing family. Large fenced-in backyard perfect for your little ones or a family pet! Front of home embellished with beautiful stone and two car garage with most of driveway currently being repoured. Carpeting in all bedrooms, walk-in shower and walk-in closet in Master. Tile throughout rest of home. Light and bright kitchen with Lazy Susan and NEW stainless steel dishwasher and refrigerator. 2" blinds and ceiling fans in all rooms. A/C replaced in 2018 with 10-year warranty. No deed restrictions or HOA. Park your boat or camper on your property. Make this home yours by calling your realtor today! More exterior photos coming soon!

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: Sarasota Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $88k306k

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

Neighborhood: Sarasota Springs

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21100120013001400150016001700180019002000Rent in $10322059

* 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
Brentwood Elementary School Primary Regular 672 53 4
Mcintosh Middle School Middle Regular 684 50 5
Sarasota High School High Regular 2,110 106 6

Brentwood Elementary School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 53
4
GreatSchools Rating

Mcintosh Middle School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 50
5
GreatSchools Rating

Sarasota High School

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

$247,410$302,390$274,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,014
Property Tax -$258
Property Insurance -$121
Property Management Fees -$80
CASH FLOW
$227

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.

$274,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 9.09%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$49,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $1,699

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,7003$1,7954$1,7995$1,849
$1,849
RENT COMPS ANALYSIS
  • 4517 Barton Dr Sarasota, 2
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.23
    •  
  • 4459 Atlantic Ave Sarasota, 1
    • 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1983
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.12
    •  
  • 4348 Pasadena Cir Sarasota, 3
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1982
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.09
    •  
  • 4432 Beacon Dr #4432 Sarasota, 4
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1998
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.38
    •  
  • 3012 Lalani Blvd Sarasota, 5
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1982
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $1.32
    •  
PROPERTY LISTING DETAILS
Aaron Lineberger
1.941.993.4886
New Alliance Group Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4475900
Last Updated: 08/22/2020
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