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5302 Everwood Run Sarasota, FL 34235

3 Beds 2 Baths 1,805 sqft Built 1986

$369,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $109k397k

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

Neighborhood: The Meadows

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100220023002400Rent in $11792412

* 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
Gocio Elementary School Primary Regular 668 50 4
Booker Middle School Middle Magnet 856 62 4
Booker High School High Magnet 1,087 69 4

Gocio Elementary School

  • Education Level: Primary
  • # of students: 668
  • # of teachers: 50
4
GreatSchools Rating

Booker Middle School

  • Education Level: Middle
  • # of students: 856
  • # of teachers: 62
4
GreatSchools Rating

Booker High School

  • Education Level: High
  • # of students: 1,087
  • # of teachers: 69
4
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

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
$2,000
1$2,0002$2,1803$2,3954$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 5302 Everwood Run Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.21
    •  
  • 4842 Greencroft Rd Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1978
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.22
    •  
  • 4096 Lyndhurst Ct Sarasota, FL 3
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1987
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.30
    •  
  • 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
    • $1.13
    •  
  • 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
Tonna Gruber
1.941.232.8950
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4489318
Last Updated: 01/23/2021
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