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4614 Sawyer Rd Sarasota, FL 34233

3 Beds 2 Baths 1,771 sqft Built 2005

$355,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $200.45
  • 2 Days on Market
  • MLS # : A4486607
  • Updated Date : 12/20/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,771 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Select

Listing Agent's Description

Want to live the Florida lifestyle? Come and take a look at this amazing property located in Sarasota, one of Southwest Florida’s most premier destinations. As soon as you walk through the enclosed porch and step inside this split-plan single family home, it will demonstrate its unique craftsmanship, offering 3 bedrooms and 2 bathrooms. Masterfully finished with tray ceilings, this home features a fully equipped eat-in kitchen with stainless steel appliances and tiled backsplash, drop lighting, a generous sized living room, granite counter tops, wood and ceramic tile flooring, and much more. Additional features in this well maintained home are: beautiful custom book shelving, an electric fireplace, window treatments, and a new roof (completed 9/2020). Want to entertain? There is plenty of space outside to host your next party with an oversized enclosed screened-in lanai with a swim spa. Want a quiet place to relax? Walk through the patio doors to the enclosed back deck with awning. This home is conveniently located with easy access to I-75, fine shopping, dining, downtown and the top rated Siesta Key beach. Don't let this opportunity pass you by!!!

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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: Suniland

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300kPrice in $67k306k

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

Neighborhood: Suniland

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21100120013001400150016001700180019002000Rent in $10212059

* 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
Wilkinson Elementary School Primary Regular 483 40 4
Sarasota Middle School Middle Regular 1,270 80 9
Riverview High School High Magnet 2,483 126 7

Wilkinson Elementary School

  • Education Level: Primary
  • # of students: 483
  • # of teachers: 40
4
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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,310
Property Tax -$332
Property Insurance -$145
Property Management Fees -$129
CASH FLOW
$125

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.

$355,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 13.9%
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

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$43,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,050

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$2,0003$2,0404$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 4614 Sawyer Rd Sarasota, FL 3
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.15
    •  
  • 4515 Groveland Ave Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1988
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 4626 Sawyer Rd Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2005
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.15
    •  
  • 4449 Meadow Creek Cir Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1993
    property image
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.21
    •  
  • 4010 Green Tree Ave Sarasota, FL 5
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1996
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.17
    •  
PROPERTY LISTING DETAILS
Cristian Tramontozzi
1.941.914.8006
Keller Williams Realty Select
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4486607
Last Updated: 12/20/2020
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