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PROPERTY INFO
FACTS
- Single Family
- Built In 1968
- Price/Sqft : $223.66
- 2 Days on Market
- MLS # : A4490731
- Updated Date : 02/06/2021 at 14:01
CONSTRUCTION
- Beds : 4
- Floor Size : 1,788 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
Moments to the world famous sugar sand beach of Siesta Key.. this true 4 BR updated home in Phillipi Gardens will be sure to please. This smart floor plan makes perfect sense and features an updated and open kitchen with sleek stone counters, stainless steel appliances, recessed lighting and a walk in pantry. Gorgeous and modern tile work in the bathrooms.. super cool garage with unique expoxied floors, all tile inside, no carpet anywhere ! Nice screened lanai with pavers and an ample sized backyard with room for a pool. Incredible area.. drop your kayak or paddleboard right into the nearby Phillipi Creek Estate Park lauch area which goes out to the bay. Fantastic location... just a minute to great shopping and dining, the south bridge.. Detwilers, ACE hardware, Publix, and more. Riverview HS. Come see this one today. No HOA or fees !
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: Phillippi Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Phillippi Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$368 | |
| Property Insurance | -$146 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$38
|
||
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.
$399,900
PROJECTED PRICE
$2,070
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 9.4% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
6.58
YEARS SAVED
$31,527
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$2,190
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
5521 Yorkshire Way Sarasota, FL 3
- 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1968
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- Rent
- Rent Per SQFT
- $2,070
- $1.16
-
2142 Jo An Dr Sarasota, FL 1
- 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1957
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LEASED 01/07/21- Rent
- Rent Per SQFT
- $2,000
- $1.16
-
5707 Merrimac Dr Sarasota, FL 2
- 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1957
![property image]()
LEASED 04/25/20- Rent
- Rent Per SQFT
- $2,040
- $1.09
-
2267 Nikla Ln Sarasota, FL 4
- 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1969
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,150
- $1.25
-
2608 Constitution Blvd Sarasota, FL 5
- 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1964
![property image]()
LEASED 01/21/21- Rent
- Rent Per SQFT
- $2,500
- $1.40
PROPERTY LISTING DETAILS
1.941.504.2236
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4490731
Last Updated: 02/06/2021
