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5030 Hanging Moss Ln Sarasota, FL 34238

3 Beds 3 Baths 2,396 sqft Built 2000

$445,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $185.73
  • 36 Days on Market
  • MLS # : A4490813
  • Updated Date : 03/13/2021 at 14:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,396 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Immaculately maintained, free standing villa in popular Turtle Rock on Palmer Ranch* Nearly 2400 sq. ft. under air featuring 3 bedrooms plus a den & 2.5 baths* Very open & spacious floor plan*Newer refrigerator & dishwasher* Wood floors throughout except bedrooms* Very generous master bedroom* A/C was replaced 1 years ago* Hot water heater was replaced about 3 yrs. ago* 8ft. doors on Master Bedroom & Den* Home has been re-piped* This beautiful home overlooks a very private preserve no backyard neighbors & no road noise* Lots of windows make it bright & cheery* Screened lanai* Paver brick driveway & walkway* Attached 2 car garage* Clean & move in ready!* Community features; tennis, heated pool, basketball, tot yard, community kitchen & hall, 300 plus acres of nature preserves, lakes & nature trails* Located on Popular Palmer Ranch near world famous Siesta Key Beach, shopping, golf, restaurants, Legacy Bike Trail, YMCA & easy access to I-75

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

Neighborhood: Savannah at Turtle Rock

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k460k

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

Neighborhood: Savannah at Turtle Rock

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942868

* 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
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$1,546
Property Tax -$416
Property Insurance -$183
HOA -$160
Property Management Fees -$129
CASH FLOW
$736

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.

$445,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 2.9%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$99,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $3,205

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$2,590
1$2,5902$3,1703$3,2004$3,2905$3,600
$3,600
RENT COMPS ANALYSIS
  • 5030 Hanging Moss Ln Sarasota, FL 2
    • 3 beds 3 baths ∙ 2,396 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,396 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.32
    •  
  • 4601 Sweetmeadow Cir Sarasota, FL 1
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.23
    •  
  • 4969 Sabal Lake Cir Sarasota, FL 3
    • 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2002
    property image
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.41
    •  
  • 4845 Hanging Moss Ln Sarasota, FL 4
    • 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 1995
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.27
    •  
  • 4625 Sweetmeadow Cir Sarasota, FL 5
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1997
    property image
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.44
    •  
PROPERTY LISTING DETAILS
Cynthia Bowers
1.941.650.4808
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490813
Last Updated: 03/13/2021
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