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 2001
- Price/Sqft : $226.76
- 2 Days on Market
- MLS # : A4483466
- Updated Date : 11/14/2020 at 11:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,323 sqft
- Baths : 2 full
Listing Agent
Keller Williams Classic Group
Listing Agent's Description
Upgraded home in a central location. This home has 3 bedrooms, 2 baths, a 2 car garage with extended outdoor parking for a boat or a RV. Home has vaulted ceilings with recessed lighting, an open floor plan, new flooring throughout, crown molding and 6-inch baseboards. Fantastic Sarasota schools! 2018 roof with many new appliances. Kitchen and both baths have granite countertops and wooden cabinets; stainless steel appliances and even convection microwave oven! A separate dining room and dry bar area have impact windows installed and have double doors. The house sits on a corner lot, with private paved patio all fenced in. No HOA and no CDD fees. Located within 15 minutes of Siesta Key, near shopping centers and only 3 miles to I-75. Bike or walk the dog to Red Bug Slough Preserve and enjoy the several miles of hiking and biking trails. See feature sheet for all the upgrades. *Ask your Realtor® how you can walk this property from the comfort of your home using our Interactive 3D Showcase.*
SEE MORE
- 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: Sunset
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunset
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$281 | |
| Property Insurance | -$117 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$86
|
||
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.
$300,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
7.58
YEARS SAVED
$34,169
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$1,442
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
4717 Watkins Ave Sarasota, FL 3
- 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,670
- $1.26
-
4459 Atlantic Ave Sarasota, FL 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
-
5438 Creeping Hammock Way Sarasota, FL 2
- 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1981
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,400
- $0.93
-
3923 Jamaica St Sarasota, FL 4
- 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1981
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,699
- $1.22
-
4348 Pasadena Cir Sarasota, FL 5
- 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
PROPERTY LISTING DETAILS
1.941.404.9230
Keller Williams Classic Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4483466
Last Updated: 11/14/2020
