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5320 Moeller Ave Sarasota, FL 34233

3 Beds 2 Baths 1,036 sqft Built 1979

$250,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $241.31
  • 3 Days on Market
  • MLS # : A4491930
  • Updated Date : 02/20/2021 at 18:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,036 sqft
  • Baths : 2 full
Listing Agent

Realty By Design Llc

Listing Agent's Description

Homeowners and investors...Do not hesitate or you will miss out on this stunning, completely remodeled home! No detail has been overlooked. From the plank tile flooring throughout (no carpet to be seen), gorgeous quartz countertops, newer interior doors, and stainless steel appliances, even a new roof (June 2020)!! Bedroom #3 has sliding glass doors that lead out onto your HUGE screened in covered porch which, in turn, leads to the fully fenced oversized lot with plenty of room for a pool and more! Walking distance to both, Ashton Elementary and Sarasota Middle Schools. Minutes from our famous Siesta Key Beach! Quick access to I-75 and plenty of wonderful restaurants and shopping nearby!

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: Cedar Grove

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $92k306k

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

Neighborhood: Cedar Grove

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000Rent in $11132059

* 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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$868
Property Tax -$234
Property Insurance -$99
Property Management Fees -$129
CASH FLOW
$279

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.

$250,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 7.3%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

11.83

YEARS SAVED

$45,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $1,186

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3503$1,4004$1,6105$1,650
$1,650
RENT COMPS ANALYSIS
  • 5320 Moeller Ave Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,036 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,036 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.55
    •  
  • 4459 Atlantic Ave Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1983
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.12
    •  
  • 4942 Avon Ln Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1996
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
  • 5329 Birch Ave Sarasota, FL 3
    • 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 1979
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
  • 5293 Old Ashwood Dr Sarasota, FL 5
    • 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1998
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.38
    •  
PROPERTY LISTING DETAILS
Christy Walters
1.941.376.4625
Realty By Design Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4491930
Last Updated: 02/20/2021
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