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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $204.93
- 3 Days on Market
- MLS # : A4489318
- Updated Date : 01/23/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,805 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Now vacant and ready to purchase. Open House noon to 2:pm Saturday and Sunday 1/23/21 and 1/24/21 ENJOY THE FLORIDA LIFESTYLE You'll love this stunning single story 3 bedroom, 2 bath, Single Family Home in The Meadows. The homes premier site location offers alluring views where nature abounds. The fabulous kitchen is complete with stainless steel appliances, granite counter tops and beautiful wood cabinetry. Just fix your morning coffee or tea and head out through the sliders to relax and enjoy the new day! The space includes a breakfast bar, as well as two separate dining spaces (one of these could also serve as a sitting room or other flex space). The Meadows offers small-town charm in a metro setting with amenities typically found only in larger cities. Close to downtown, UTC Mal, Benderson Park and just 15 minutes to SRQ Airport. The community features extraordinary amenities including 1650 acres of open space,14 miles of walking and bike trails, Olympic swimming pool, fitness center, over 85 lakes and waterways, three 18 hole golf courses, 17 tennis courts, shopping village and 3 restaurants. The Meadows offers a lifestyle like no other, everlasting relationships, engaging activities and a variety of amenities that reflect it's residents diverse interests. The Renaissance Access Plan offers greater access to The Meadows Country Club facilities including fitness and wellness center, pool, dining tennis and golf. The Meadows is located a brief distance from the before mentioned Nathan Benderson Park, a 600 acre facility with 400 acre lake.
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: The Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$346 | |
| Property Insurance | -$147 | |
| HOA | -$94 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$180
|
||
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.
$369,900
PROJECTED PRICE
$2,180
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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
$103,774
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
8.5
YEARS SAVED
$42,737
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$2,220
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/01/20- Rent
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- $2,395
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-
2816 Breton Woods Sarasota, FL 4
- 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1992
LEASED 04/20/20- Rent
- Rent Per SQFT
- $2,400
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5452 Downham Mdws Sarasota, FL 5
- 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1994
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,495
- $1.27
PROPERTY LISTING DETAILS
1.941.232.8950
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4489318
Last Updated: 01/23/2021
