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 1989
- Price/Sqft : $200.38
- 3 Days on Market
- MLS # : A4485329
- Updated Date : 12/05/2020 at 10:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,592 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
Gorgeous, move in ready updated 3 bedroom, 2 bath home in desirable Hamlets Grove. The kitchen is a chef's dream and features granite counters, wood cabinets, stainless steel appliances and is open to the great room and dining room. This seasonally used home is light and bright and has ceramic tile in the main living areas, wood like laminate flooring in the bedrooms, updated bathrooms and an inside utility room with built in cabinets for extra storage. A new roof was put on in 2019 and the air conditioner and hot water heater were replaced in 2017. The kitchen appliances are 5 years old and washer and dryer are only 4 years old. The spacious, fenced in back yard is very private and allows for plenty of room to add a pool. The neighborhood is centrally located with easy access to the University Parkway corridor, I75, the beaches, downtown and all the wonderful amenities that Sarasota has to offer. Priced to sell!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Hamlets Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hamlets Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$298 | |
| Property Insurance | -$134 | |
| HOA | -$58 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$96
|
||
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.
$319,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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
$90,285
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
4.58
YEARS SAVED
$17,203
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 -
$1.07
LIST RENT PER SQFT
-
$1,703
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
4690 Hamlets Grove Dr Sarasota, FL 4
- 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $1,700
- $1.07
-
5413 Capitan Ave Sarasota, FL 1
- 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1973
![property image]()
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,695
- $1.02
-
4005 Prado Dr Sarasota, FL 2
- 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1973
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,699
- $1.14
-
4022 Felipi Ln Sarasota, FL 3
- 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1973
![property image]()
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
-
4836 Barcelona Ave Sarasota, FL 5
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1978
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,775
- $1.09
PROPERTY LISTING DETAILS
1.941.954.5454
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4485329
Last Updated: 12/05/2020
