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4628 Glenbrooke Ter Sarasota, FL 34243

3 Beds 2 Baths 1,716 sqft Built 1987

$344,950

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $201.02
  • 1 Days on Market
  • MLS # : A4506721
  • Updated Date : 07/13/2021 at 15:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,716 sqft
  • Baths : 2 full
Listing Agent

James Buchanan Realty

Listing Agent's Description

This property has so much offer with a great location.  Nestled in at the end of a cul-de-sac within the conveniently located Glenbrooke subdivision, offers close proximity to the Mall at University Town Center, I-75, Fresh Market, along with some of the top dining and shopping in the region.  The interior consists of wood flooring in main living areas and oversized ceramic tile in the kitchen, bedrooms and bathrooms.  Kitchen offers granite countertops, wood cabinetry and a mosaic tile backsplash.  Light fixtures and ceiling fans, along with bathrooms were updated within the last 7 years.  The exterior of the property was recently relandscaped and sprinkler system was also reviewed at that time.  The roof was installed in 2014.  Schedule a visit and check it out for yourself.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 34243

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k319k

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

Zip Code: 34243

ZipNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100Rent in $11792164

* 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
Kinnan Elementary School Primary Regular 656 41 3
Braden River Middle School Middle Regular 977 56 5
Braden River High School High Regular 1,999 90 6

Kinnan Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 41
3
GreatSchools Rating

Braden River Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 56
5
GreatSchools Rating

Braden River High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 90
6
GreatSchools Rating
 

$310,455$379,445$344,950

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,198
Property Tax -$377
Property Insurance -$141
Property Management Fees -$129
CASH FLOW
$115

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.

$344,950

PROJECTED PRICE

$1,960

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 5.6%
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$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,162

INVESTMENT

$97,162

Down Payment
$86,238
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,238
Loan Amount $258,713
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$34,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,961

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,7503$1,8504$1,9605$2,200
$2,200
RENT COMPS ANALYSIS
  • 4628 Glenbrooke Ter Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.14
    •  
  • 3615 75th Ter E Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1986
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.11
    •  
  • 5031 Brandeis Cir S Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1985
    property image
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.12
    •  
  • 7701 Geneva Ln Sarasota, FL 3
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1991
    property image
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.21
    •  
  • 5781 Forester Oak Ct Sarasota, FL 5
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1989
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
PROPERTY LISTING DETAILS
James Buchanan
1.941.376.0064
James Buchanan Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4506721
Last Updated: 07/13/2021
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