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4739 Carrington Cir Sarasota, FL 34243

4 Beds 2 Baths 2,256 sqft Built 2000

INVESTimate

$450,000

List Price

$2,440

$2,196 - $2,684

Rent Est.

$475,335  ( +5.63%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $199.47
  • 7 Days on Market
  • MLS # : A4475848
  • Updated Date : 08/21/2020 at 13:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,256 sqft
  • Baths : 2 full
Listing Agent

Michael Saunders & Company

Listing Agent's Description

Welcome to Treymore at the Villages of Palm Aire. A private gated community with beautiful mature landscaping and well cared for homes. Centrally located with easy access to the UTC, I-75, SRQ Airport, Downtown, golf, tennis and the beaches. This comfortable 4 bedroom, 2 bath pool home is priced to sell and ready for the right buyer with a vision to make it their own. Plenty of space to create today's popular open floor plan. Split plan layout with tray ceiling accents and plantation shutters in the family room. The owner's suite, with views to the pool, includes two walk-in closets. The en suite bath offers dual sinks, walk-in shower, and a Jacuzzi tub. The fourth bedroom, located near the front entrance could also serve as an office. Off the kitchen is the convenient laundry room which leads into an additional walk-in pantry. The spacious 2 car garage has plenty of extra room for bikes and possibly a small work space. Step out through the sliding glass doors of the family room to the private screened pool area that looks out to a wooded preserve. A separate paved area in the back yard is the perfect location to place a wrought iron table and enjoy winter evenings outdoors. Golf, tennis and social memberships to the Palm Aire Country Club are available but not mandatory. Schedule your showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,660
Property Tax -$501
Property Insurance -$174
HOA -$71
Property Management Fees -$80
CASH FLOW
-$47

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.

$450,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 5.63%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$30,688

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,194

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,1003$2,1004$2,3005$2,440
$2,440
RENT COMPS ANALYSIS
  • 4739 Carrington Cir Sarasota, 5
    • 4 beds 2 baths ∙ 2,256 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,256 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.08
    •  
  • 4708 Woodbrook Dr Sarasota, 1
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2012
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.92
    •  
  • 5689 Country Lakes Dr Sarasota, 2
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1985
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 4912 Creekside Trl Sarasota, 3
    • 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2000
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 4452 Sage Green Ter Sarasota, 4
    • 3 beds 4 baths ∙ 2,323 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,323 Sqft ∙ Built 2017
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
PROPERTY LISTING DETAILS
Tina Von Kessel
1.941.266.2848
Michael Saunders & Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4475848
Last Updated: 08/21/2020
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