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4735 Meadowview Cir Sarasota, FL 34233

3 Beds 2 Baths 2,041 sqft Built 1988

$422,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $206.76
  • 2 Days on Market
  • MLS # : A4488700
  • Updated Date : 01/30/2021 at 16:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,041 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

This gorgeous three-bedroom, two-bath home in the highly sought after Southfield community is finally for sale. This home has been meticulously maintained and fully updated. This home features new exterior and interior paint, luxury vinyl plank flooring, as well new modern light fixtures and ceiling fans throughout. The kitchen is adorned with custom all-wood Kitchen cabinets, soft-close dovetail drawers, new quartz countertops, and marble backsplash. The home has been upgraded with a Culligan home water treatment system with reverse osmosis, a new hot water heater, electrical panel, and a new roof! This home is move-in ready! located within an "A" rated school district offering Ashton Elementary, Sarasota Middle, and Sarasota High. Southfield is a quiet community with private roads, sidewalks, and nice LED streetlights unique to the development.  Southfield is a convenient Sarasota location, close to shopping, restaurants, and only minutes from our beautiful Siesta Key beach. Schedule your private showing today! --

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Southfield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $109k437k

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

Neighborhood: Southfield

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000210022002300Rent in $11792345

* 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
Ashton Elementary School Primary Regular 896 56 10
Sarasota Middle School Middle Regular 1,270 80 9
Sarasota High School High Regular 2,110 106 6

Ashton Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 56
10
GreatSchools Rating

Sarasota Middle School

  • Education Level: Middle
  • # of students: 1,270
  • # of teachers: 80
9
GreatSchools Rating

Sarasota High School

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

$379,800$464,200$422,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,466
Property Tax -$395
Property Insurance -$161
HOA -$66
Property Management Fees -$129
CASH FLOW
-$117

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.

$422,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 7.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,580

INVESTMENT

$117,580

Down Payment
$105,500
Rehab Estimate
$5,750
Closing Costs
$6,330

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,500
Loan Amount $316,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,501

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,929

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,1004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 4735 Meadowview Cir Sarasota, FL 5
    • 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 5469 Exuma Pl Sarasota, FL 1
    • 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 1982
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
  • 4290 Reflections Pkwy Sarasota, FL 2
    • 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 4744 Spring Meadow Ln Sarasota, FL 3
    • 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,167 Sqft ∙ Built 1994
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 4303 Reflections Pkwy Sarasota, FL 4
    • 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2002
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Christopher Callas
1.941.806.7200
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488700
Last Updated: 01/30/2021
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