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PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $197.68
- 11 Days on Market
- MLS # : A4481735
- Updated Date : 10/31/2020 at 09:37
CONSTRUCTION
- Beds : 3
- Floor Size : 2,023 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Select
Listing Agent's Description
Take a look at this beautiful home in a great location! This 3 bedroom/2 bath pool home has a gorgeous lake view and is centrally located in popular Mote Ranch. Light and bright with soaring cathedral ceilings and a split floorplan make this the perfect Florida home. Enjoy your tranquil lake view as you relax in your pool area with plenty of deck space and covered area for year-round pleasure. Freshly painted, mature landscaping, easy-care laminate flooring throughout and many updates including a new garage door (2019), new pool pump (2019) and new washer and dryer (2019). The kitchen has granite counters, a breakfast area and connects to the spacious family room. The master suite features cathedral ceilings, built in overhead reading lights and a spacious master bath with separate tub and shower. The split bedroom plan gives plenty of privacy and the second bath services as a pool bath as well. Open your pocket sliders and enjoy the pristine Florida weather entertaining family and friends. Start living the Florida life that you have been dreaming of in this lovely, well-maintained home. Mote Ranch is tucked away in a quiet neighborhood off University Parkway with easy access to Sarasota, Bradenton, beaches, hospitals, restaurants, shopping and all the area has to offer. Make your appointment today! You will love it!
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
Zip Code: 34243
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34243
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,475 |
| Property Tax | -$448 | |
| Property Insurance | -$160 | |
| HOA | -$51 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$44
|
||
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
$2,170
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 5.6% |
| 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
$1,475
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
5.33
YEARS SAVED
$27,109
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$2,195
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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5758 Carriage Dr Sarasota, FL 3
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5801 Fairwoods Cir Sarasota, FL 1
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6856 Corral Ct Sarasota, FL 2
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LEASED 06/15/20- Rent
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- $2,150
- $1.06
-
4961 Creekside Trl Sarasota, FL 4
- 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2002
LEASED 12/05/19- Rent
- Rent Per SQFT
- $2,200
- $1.16
-
5825 Fairway Lakes Dr Sarasota, FL 5
- 4 beds 2 baths ∙ 2,037 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,037 Sqft ∙ Built 1996
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,200
- $1.08
PROPERTY LISTING DETAILS
1.941.962.2997
Keller Williams Realty Select
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4481735
Last Updated: 10/31/2020
