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6225 Donnington Ct Sarasota, FL 34238

4 Beds 2 Baths 2,638 sqft Built 1999

$435,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $164.90
  • 5 Days on Market
  • MLS # : A4486644
  • Updated Date : 01/07/2021 at 10:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,638 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

One or more photo(s) has been virtually staged. Found in the heart of the Palmer Ranch area is this spacious and well cared for Hamptons home. Extra large kitchen featuring gas appliances, bar top seating, ample counter space and island will provide what you are looking for in your new to you home. Just adjacent to the Kitchen is a flex space that could feature a breakfast nook or would make an ideal area for a music room or hobbies. The floor plan of the Family room and Dining room are shared in an open concept that boasts tall ceilings, gorgeous wood look porcelain tile floors and an ideal layout for entertaining or relaxing. Your personal escape can be found behind the doors of the Master bedroom and en suite which features a large garden bath tub, stand alone shower and private water closet adjoined with a very spacious walk in closet. Three guest bedrooms share a common hallway and guest bath which are separate front the Master En Suite. Your very own screened in, custom heated saline pool and outdoor space provides you with your own private oasis, filled with tropical flora and fauna, including a stand of fruit producing banana trees. Exclusive access to The Hamptons recreation area is provided to residents, which features a sun drenched pool and clubhouse. This community is centrally located, within minutes to the beaches and close to plenty of shopping and schools, in a rapidly developing and highly desirable area.

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 Hamptons

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k463k

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

Neighborhood: The Hamptons

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11792652

* 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
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,511
Property Tax -$444
Property Insurance -$198
HOA -$112
Property Management Fees -$129
CASH FLOW
$267

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.

$435,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 2.8%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$55,103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,658

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,5004$2,6605$2,790
$2,790
RENT COMPS ANALYSIS
  • 6225 Donnington Ct Sarasota, FL 4
    • 4 beds 2 baths ∙ 2,638 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,638 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $1.01
    •  
  • 6359 Sturbridge Ct Sarasota, FL 1
    • 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1998
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.05
    •  
  • 8543 Karpeal Dr Sarasota, FL 2
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2011
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 7273 Monarda Dr Sarasota, FL 3
    • 4 beds 4 baths ∙ 2,664 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,664 Sqft ∙ Built 2014
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
  • 6255 Sturbridge Ct Sarasota, FL 5
    • 4 beds 2 baths ∙ 2,638 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,638 Sqft ∙ Built 1999
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.06
    •  
PROPERTY LISTING DETAILS
Caldwell Smith, Iv
1.407.460.1564
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4486644
Last Updated: 01/07/2021
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