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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $157.88
- 2 Days on Market
- MLS # : A4487379
- Updated Date : 01/03/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,526 sqft
- Baths : 2 full , 1 half
Listing Agent
Home Realty & Management Llc
Listing Agent's Description
Large and lovely single-family home in maintenance-free gated community of Palmer Oaks on Palmer Ranch. The Hibiscus model is over 2,500 square feet with 4 bedrooms, 2.5 baths, 2 car garage. Spacious screened-in lanai overlooking pond. Easy living with maintenance-free landscaping and irrigation and the home includes hurricane shutters. Features include granite countertop kitchen, walk-in pantry, laundry room, formal dining and/or living and great rooms. Extra bonus room at top of stairs, master bedroom and three other bedrooms which could be perfect for a home office or den. Palmer Oaks has a community heated pool and offers easy access to I-75, Siesta Key and is a short distance to new dining and shopping options. Welcome home!
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Zip Code: 34238
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34238
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,690 |
| EXPENSES | Loan Payment | -$1,471 |
| Property Tax | -$400 | |
| Property Insurance | -$191 | |
| HOA | -$201 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$298
|
||
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.
$398,800
PROJECTED PRICE
$2,690
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,432
LOAN DETAILS
$1,471
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,700 |
| Loan Amount | $299,100 |
9.58
YEARS SAVED
$63,849
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,690
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$2,671
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
5371 Mang Pl Sarasota, FL 4
- 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2011
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- Rent
- Rent Per SQFT
- $2,690
- $1.06
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6359 Sturbridge Ct Sarasota, FL 1
- 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1998
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LEASED 03/26/20- Rent
- Rent Per SQFT
- $2,450
- $1.05
-
8543 Karpeal Dr Sarasota, FL 2
- 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2011
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LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.98
-
4938 Avon Ln Sarasota, FL 3
- 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 1996
![property image]()
LEASED 08/20/19- Rent
- Rent Per SQFT
- $2,550
- $1.14
-
6255 Sturbridge Ct Sarasota, FL 5
- 4 beds 2 baths ∙ 2,638 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,638 Sqft ∙ Built 1999
![property image]()
LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,790
- $1.06
PROPERTY LISTING DETAILS
1.941.343.7524
Home Realty & Management Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4487379
Last Updated: 01/03/2021
