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6212 Aventura Dr Sarasota, FL 34241

3 Beds 3 Baths 2,738 sqft Built 1995

$449,900

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $164.32
  • 5 Days on Market
  • MLS # : U8106723
  • Updated Date : 12/11/2020 at 18:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,738 sqft
  • Baths : 3 full
Listing Agent

Orchid Realty Team Inc

Listing Agent's Description

Paradise at Eastlake! This elegant 3 bedroom; 3 bath with extra room for nice pool. A must-see! It has been fully renovated and it's just waiting for you to call it "HOME". Spanning over 2700 sq ft of living space with an open floor plan filled with natural light, soaring ceilings and absolutely stunning tile, wood floors and new paint throughout. The grand double door at the entryway draws you into a bright and opulent formal living room and dinning room areas, and into the elegant chef's kitchen featuring all brand new stainless steel appliances, wood cabinetry, marvelous granite counters, a center island, closet pantry and breakfast nook. The family room is very spacious. The ample master suite features tile floors, vault ceilings, views to enclosed Florida room and lanai and a completely redone master bath offering a soaking jetted tub, separate shower with a brand new frameless door, new cabinets and dual sinks. All bedrooms are great size, with big closets and good lighting. One extra room can be use for an office or gameroom located off family room. The home is located in highly sought-after gated community of Eastlake, with low HOA fees, top rated schools and within minutes to great shops, restaurants, hospitals, parks and I-75. Nice bonus...gorgeous Siesta Key is just 10 minutes away! Schedule your tour soon! Buyer and buyer's agent to verify all infos.

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Eastlake

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k475k

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

Neighborhood: Eastlake

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2140016001800200022002400260028003000Rent in $12943073

* 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
Lakeview Elementary School Primary Regular 606 40 10
Sarasota Middle School Middle Regular 1,270 80 9
Riverview High School High Magnet 2,483 126 7

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 40
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
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$1,660
Property Tax -$421
Property Insurance -$204
HOA -$83
Property Management Fees -$129
CASH FLOW
$363

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.

$449,900

PROJECTED PRICE

$2,860

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 4.6%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$78,581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,273

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,3003$2,4004$2,6005$2,860
$2,860
RENT COMPS ANALYSIS
  • 6212 Aventura Dr Sarasota, FL 5
    • 3 beds 3 baths ∙ 2,738 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,738 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.04
    •  
  • 6233 Aventura Dr Sarasota, FL 1
    • 3 beds 2 baths ∙ 2,412 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,412 Sqft ∙ Built 2000
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
  • 6210 Yellow Wood Pl Sarasota, FL 2
    • 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 8557 Greenside Ct Sarasota, FL 3
    • 3 beds 2 baths ∙ 2,672 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,672 Sqft ∙ Built 2001
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 4347 Brandywine Dr Sarasota, FL 4
    • 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 1980
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
PROPERTY LISTING DETAILS
Laura Pope
1.727.218.2319
Orchid Realty Team Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8106723
Last Updated: 12/11/2020
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