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6380 Mighty Eagle Way Sarasota, FL 34241

3 Beds 3 Baths 2,041 sqft Built 2017

$400,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $195.98
  • 4 Days on Market
  • MLS # : A4494123
  • Updated Date : 03/12/2021 at 21:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,041 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Classic Group

Listing Agent's Description

Enjoy the golf course views, beautiful sunset, and maintenance free living in this single family home situated in the highly desirable Fairways at Bent Tree. This home features 3 bedrooms plus a den, 2 full bathrooms and a half bath. Relax and enjoy this Lantana Model home with a split bedroom layout with an open floor plan, soaring ceilings and tile flooring. The master suite sits at the rear of the home and offers both a garden tub and a walk in shower. The kitchen features granite countertops, 42" staggered cabinets with crown molding and triple glass sliders that lead to a large lanai. Outside, enjoy the views of the tree lined fairways, meticulously kept greens and wildlife, while still having some privacy from mature trees in the fenced in backyard.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bent Tree Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k433k

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

Neighborhood: Bent Tree Village

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
Sarasota High School High Regular 2,110 106 6

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

Sarasota High School

  • Education Level: High
  • # of students: 2,110
  • # of teachers: 106
6
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,389
Property Tax -$374
Property Insurance -$161
HOA -$213
Property Management Fees -$129
CASH FLOW
$54

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.

$400,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$29,660

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,347

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3203$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 6380 Mighty Eagle Way Sarasota, FL 2
    • 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.14
    •  
  • 7286 Mauna Loa Blvd Sarasota, FL 1
    • 3 beds 2 baths ∙ 2,265 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,265 Sqft ∙ Built 2018
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 4414 Bent Tree Blvd Sarasota, FL 3
    • 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 2018
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
  • 1951 Rolling Green Cir Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2002
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.31
    •  
  • 8951 Province St Sarasota, FL 5
    • 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 2003
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.18
    •  
PROPERTY LISTING DETAILS
Ashley Guttridge
1.941.685.1704
Keller Williams Classic Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4494123
Last Updated: 03/12/2021
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