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4958 Oldham St Sarasota, FL 34238

3 Beds 2 Baths 1,537 sqft Built 1997

$329,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $214.64
  • 4 Days on Market
  • MLS # : A4491472
  • Updated Date : 02/21/2021 at 00:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,537 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Multiple Offers - please submit highest and best by 7:00pm on Monday, Feb. 22nd. This is the one you've been waiting for! Very desirable Wellington Chase in Palmer Ranch priced below market value. High Ceilings, bright sunlight, split floor plan with a beautiful private backyard view of gorgeous Florida tropical foliage. Just a few minutes from Siesta Key and close to all the shopping and restaurants you could ever want. Close access to I-75. Seller has professionally cleaned and freshly painted the entire house as well as installed all new carpet in this spacious 3 BR, 2 BA ranch home with a split floor plan. Master bedroom has sliding doors out to the screened lania, massive walk in closet and very spacious en suite bathroom. Kitchen with white cabinetry, white appliances and breakfast nook. Living Room is bright and spacious with formal dining area. The wing off the kitchen offers 2 more bedrooms and a hall bath. The 200 sq ft screened lania stretches almost across the entire width of the home and is perfect for relaxing and enjoying the beautiful Florida weather.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Wellington Chase

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k401k

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

Neighborhood: Wellington Chase

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100220023002400Rent in $11792469

* 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
Riverview High School High Magnet 2,483 126 7

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

Riverview High School

  • Education Level: High
  • # of students: 2,483
  • # of teachers: 126
7
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,146
Property Tax -$308
Property Insurance -$130
HOA -$63
Property Management Fees -$129
CASH FLOW
$524

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.

$329,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 2.6%
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$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

13.58

YEARS SAVED

$72,836

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.5

    LIST RENT PER SQFT
  • $2,329

    COMP ESTIMATED VALUE
  • $1.52

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3003$2,3954$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 4958 Oldham St Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.50
    •  
  • 6204 Weymouth Dr Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1999
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.44
    •  
  • 6399 Sturbridge Ct Sarasota, FL 3
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1998
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.56
    •  
  • 8463 Karpeal Dr Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2011
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.53
    •  
  • 8729 Trattoria Ter Sarasota, FL 5
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2016
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.53
    •  
PROPERTY LISTING DETAILS
Toni Carrico
1.574.286.0359
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4491472
Last Updated: 02/21/2021
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