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5949 Mariposa Ln Sarasota, FL 34238

4 Beds 4 Baths 2,521 sqft Built 2007

$464,900

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $184.41
  • 5 Days on Market
  • MLS # : A4482188
  • Updated Date : 10/31/2020 at 07:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,521 sqft
  • Baths : 4 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

LIVE THE RESORT LIFESTYLE YOU WANT IN THE ISLES OF SARASOTA IN POPULAR PALMER RANCH! DiVosta's Highly Sought After CARLYLE FLOOR PLAN * SOLID POURED CONCRETE WALL CONSTRUCTION * PANORAMIC LAKE VIEWS with Southern exposure * Quiet CUL DE SAC LOCATION * Excellent Value * A lot of square footage for the money * 4 Bedrooms & 4 Baths * Private Master Suite with Spa-like Bath * FORMAL LIVING ROOM * Formal Dining Room * Chef's Kitchen with Breakfast Bar is open to the SPACIOUS FAMILY ROOM with custom built-ins * Split plan design * NEW A/C * Central vac * Hurricane shutters * Volume ceilings with crown molding * Paver brick walkway & driveway * Front Porch is 25x10 & Back Lanai is 49x33 * will inspire you to enjoy outdoor living * Excellent for social distancing or simply relaxing in your slice of paradise * Immaculate home shows like a model * AVAILABLE FOR IMMEDIATE OCCUPANCY * This home is ideal for those seeking a year round home or vacation getaway. The Isles is maintenance-free which gives you more time to enjoy the many activities and amenities in the community- lighted har-tru tennis courts, fitness center, heated community pool, pickle ball courts, clubhouse, classes and many social activities to make new friends. You will be within minutes of world class Siesta Key Beach, shopping, dining, doctors, the Legacy Trail, downtown Sarasota and the amazing array of cultural venues offered in Sarasota * One look & you'll fall in love! *

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: The Isles on Palmer Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k409k

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

Neighborhood: The Isles on Palmer Ranch

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2140016001800200022002400260028003000Rent in $12943045

* 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
Laurel Nokomis School Primary Regular 1,024 85 9
Laurel Nokomis School Middle Regular 1,024 85 9
Venice High School High Regular 1,941 96 8

Laurel Nokomis School

  • Education Level: Primary
  • # of students: 1,024
  • # of teachers: 85
9
GreatSchools Rating

Laurel Nokomis School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 85
9
GreatSchools Rating

Venice High School

  • Education Level: High
  • # of students: 1,941
  • # of teachers: 96
8
GreatSchools Rating
 

$418,410$511,390$464,900

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$1,715
Property Tax -$494
Property Insurance -$191
HOA -$292
Property Management Fees -$80
CASH FLOW
$608

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.

$464,900

PROJECTED PRICE

$3,380

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 1.6%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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$25k$30k$35k

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$128,949

INVESTMENT

$128,949

Down Payment
$116,225
Rehab Estimate
$5,750
Closing Costs
$6,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,715

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,225
Loan Amount $348,675
See What Happens When You Reinvest Cash Flow

12.33

YEARS SAVED

$104,931

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $2,597

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,5003$2,6004$2,8005$3,380
$3,380
RENT COMPS ANALYSIS
  • 5949 Mariposa Ln Sarasota, FL 5
    • 4 beds 4 baths ∙ 2,521 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,521 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $1.34
    •  
  • 591 Oak Bay Dr Osprey, FL 1
    • 3 beds 4 baths ∙ 2,416 Sqft ∙ Built 1998 3 beds 4 baths ∙ 2,416 Sqft ∙ Built 1998
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.92
    •  
  • 5262 Far Oak Cir Sarasota, FL 2
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1997
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
  • 8313 Alexandria Ct Sarasota, FL 3
    • 3 beds 3 baths ∙ 2,600 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,600 Sqft ∙ Built 1998
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
  • 6144 Abaco Sarasota, FL 4
    • 3 beds 3 baths ∙ 2,489 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,489 Sqft ∙ Built 2013
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.12
    •  
PROPERTY LISTING DETAILS
Glenn Brown
1.941.342.6464
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4482188
Last Updated: 10/31/2020
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