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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $213.10
- 3 Days on Market
- MLS # : A4492040
- Updated Date : 02/20/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,290 sqft
- Baths : 2 full
Listing Agent
Ascendia Real Estate
Listing Agent's Description
AWESOME LOCATION, CLOSE TO EVERYTHING!!! Come see this block construction home in an HOA FREE quiet neighborhood under 10 minutes from downtown! Boasting 3 beds, 2 bathrooms, and a garage, this is the one! Newly renovated from top to bottom: BRAND NEW KITCHEN, stainless steel appliances, fresh paint inside and out, new floors and trim, new fans and fixtures…located in the heart of Sarasota with easy access to the highway, UTC/shopping and our world-famous beach! This one is going to go fast, so hurry and schedule a showing today!
SEE MORE
- 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: San Souci South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Souci South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$290 | |
| Property Insurance | -$115 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$21
|
||
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.
$274,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 11.4% |
| 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
$78,599
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
6.42
YEARS SAVED
$20,351
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$1,503
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
522 Melody Cir Sarasota, FL 2
- 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,510
- $1.17
-
539 Bearded Oaks Cir Sarasota, FL 1
- 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1988
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,495
- $1.03
-
3862 Buckeye Cir Sarasota, FL 3
- 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1961
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,595
- $1.19
-
3076 Wood St Sarasota, FL 4
- 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1959
LEASED 06/08/20- Rent
- Rent Per SQFT
- $1,635
- $1.12
-
746 Wood Ln Sarasota, FL 5
- 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1973
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,745
- $1.32
PROPERTY LISTING DETAILS
1.941.223.2618
Ascendia Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4492040
Last Updated: 02/20/2021
