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5745 Augusta Cir Sarasota, FL 34238

3 Beds 2 Baths 1,410 sqft Built 1983

$299,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $212.70
  • 4 Days on Market
  • MLS # : A4485165
  • Updated Date : 12/05/2020 at 09:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,410 sqft
  • Baths : 2 full
Listing Agent

Zachos Realty

Listing Agent's Description

Move right in to this beautiful Sarasota home which is located in a private neighborhood (on the circle) in the Sunrise neighborhood. This home was recently renovated in 2018 and you will be impressed with all the natural light and spacious open floor plan, which is perfect for entertaining. You will enjoy relaxing on your own private lanai. This large backyard (with an additional paver area) will be your favorite spot to sit, relax and enjoy great conversations with family or friends, as you enjoy this beautiful Florida weather. There is room to add a pool to create your own backyard oasis. This home offers a master on-suite that includes a separate vanity, walk-in closet and step-in shower. The split bedroom layout provides great space and privacy from one side of the house to the other. The master bedroom also has its own set of french doors that lead to the private 20’ x 12’ covered lanai. New updated features include: recessed lighting throughout, all new insulation, new luxury vinyl, all new appliances, and a new a/c system and duct work that was just added two years ago. Even the original water lines were replaced in this home. This beautiful home is just a few short minutes to Twin Lakes Park and the Orioles Buck O’Neil Complex, where you will enjoy the nature trails, picnic pavilions, soccer fields, lighted baseball fields, batting cages, bullpens, football fields, playground and little league fields. Catch a Florida sunset on the beach (just six miles to infamous Siesta Key). You can also enjoy a stroll on many beaches like Crescent beach, Siesta Key Beach, Turtle Beach, all in less than twenty minutes away from your new home. You'll be pleased to find that there are no required association dues or other burdensome fees associated with owning this home. This is a wonderful opportunity to enjoy owning your own Florida home!

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Sunrise Golf Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k346k

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

Neighborhood: Sunrise Golf Club Estates

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100220023002400Rent in $11792416

* 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,107
Property Tax -$292
Property Insurance -$122
HOA -$4
Property Management Fees -$129
CASH FLOW
$126

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.

$299,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 9.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% 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 $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$39,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,361

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,4004$1,4505$1,780
$1,780
RENT COMPS ANALYSIS
  • 5745 Augusta Cir Sarasota, FL 5
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.26
    •  
  • 5397 Ashton Manor Dr Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2000
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.84
    •  
  • 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
    •  
  • 6358 Sturbridge Ct Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1998
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
PROPERTY LISTING DETAILS
David Zachos
1.941.780.1909
Zachos Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4485165
Last Updated: 12/05/2020
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