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5701 Deer Hollow Ln W Sarasota, FL 34232

3 Beds 2 Baths 1,494 sqft Built 1985

$300,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $200.80
  • 8 Days on Market
  • MLS # : O5895377
  • Updated Date : 11/19/2020 at 17:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,494 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Everyone loves this charming move in ready home in the highly sought after Deer Hollow community. Rarely do homes become available in the Deer Hollow community. This 3 Bedroom 2 bath home has an amazing living area with a stone fireplace as a focal point. Higher ceiling height with wood beamed ceilings. Brand NEW kitchen has plenty of storage and lots of counter space for the creative cook and offers a breakfast bar that leads into the family area. The screened lanai was just re-screened and it overlooks a large, private back yard; perfect for gatherings and parties. The roof was just recently installed in 2018. Featuring an over sized lot on a Cul-de-sac, this home is perfectly located in a quiet neighborhood near I-75 and Fruitville Rd near University Town Center and not far from downtown Sarasota and the beaches.

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: Deer Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $104k306k

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

Neighborhood: Deer Hollow

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21100120013001400150016001700180019002000Rent in $10762059

* 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,107
Property Tax -$281
Property Insurance -$128
HOA -$28
Property Management Fees -$80
CASH FLOW
-$43

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.

$300,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 9.1%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,209

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5803$1,6504$1,7505$1,775
$1,775
RENT COMPS ANALYSIS
  • 5701 Deer Hollow Ln W Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.06
    •  
  • 1090 Whitegate Ct Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2002
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 1081 Whitegate Ct Sarasota, FL 3
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2000
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 1450 Daryl Dr Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2005
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.19
    •  
  • 5810 Covington Way Sarasota, FL 5
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1995
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.21
    •  
PROPERTY LISTING DETAILS
Anya Roberts
1.321.759.6699
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5895377
Last Updated: 11/19/2020
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