Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5521 Yorkshire Way Sarasota, FL 34231

4 Beds 2 Baths 1,788 sqft Built 1968

$399,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
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

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: Phillippi Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k310k

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

Neighborhood: Phillippi Gardens

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100Rent in $11792166

* 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
Phillippi Shores Elementary School Primary Regular 750 50 8
Brookside Middle School Middle Regular 820 53 7
Riverview High School High Magnet 2,483 126 7

Phillippi Shores Elementary School

  • Education Level: Primary
  • # of students: 750
  • # of teachers: 50
8
GreatSchools Rating

Brookside Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 53
7
GreatSchools Rating

Riverview High School

  • Education Level: High
  • # of students: 2,483
  • # of teachers: 126
7
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

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
$2,000
1$2,0002$2,0403$2,0704$2,1505$2,500
$2,500
RENT COMPS ANALYSIS
  • 5521 Yorkshire Way Sarasota, FL 3
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1968
    property image
    • 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
    property image
    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
Christine Huxtable
1.941.504.2236
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490731
Last Updated: 02/06/2021
BESbswy