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6563 Pine Breeze Run Sarasota, FL 34243

3 Beds 3 Baths 1,680 sqft Built 2014

$305,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $181.55
  • 7 Days on Market
  • MLS # : A4483079
  • Updated Date : 11/09/2020 at 09:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,680 sqft
  • Baths : 2 full , 1 half
Listing Agent

Michael Saunders & Company

Listing Agent's Description

Nestled in the charming community of Woodbrook, this three-bedroom, two and half bath, Key West-style home evokes the charm and simplicity of small-town USA while being centrally located off Lockwood Ridge Road providing access to Downtown Sarasota in minutes. An enchanting exterior of well-manicured greenery welcomes you home to a thoughtfully designed multi-leveled floorplan of tile flooring, abundant natural light and functional stylish spaces. A combination living room, dining room and kitchen are perfect for daily living and entertaining. The kitchen offers plentiful cabinetry and counter space, stainless steel appliances and a convenient prep island. An adjacent built-in niche can be used as office space, converted into a bar area or a plethora of other fun ideas, picked special for you. Upstairs, all three bedrooms are generous in size, with the owners’ suite boasting both a large bathroom with walk-in shower and access to a private, front-facing balcony. The perfect way to end or start your day. A lovely court-yard greenspace connects the property to a two-car garage, providing ample space for outdoor cookouts or a small play area for kids and pets alike. Woodbrook is a peaceful gated community near premier shopping and dining. Residents enjoy a community pool, playground, dog park and regular lawn maintenance. Come discover one of the area’s hidden gems with beauty, convenience and a friendly ambiance.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 34243

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k319k

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

Zip Code: 34243

ZipNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100Rent in $11792164

* 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
Willis Elementary School Primary Regular 729 45 10
Braden River Middle School Middle Regular 977 56 5
Braden River High School High Regular 1,999 90 6

Willis Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 45
10
GreatSchools Rating

Braden River Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 56
5
GreatSchools Rating

Braden River High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 90
6
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,125
Property Tax -$333
Property Insurance -$139
HOA -$144
Property Management Fees -$80
CASH FLOW
$49

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.

$305,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$28,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,861

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8503$1,8704$2,1755$2,200
$2,200
RENT COMPS ANALYSIS
  • 6563 Pine Breeze Run Sarasota, FL 3
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.11
    •  
  • 4731 Woodbrook Dr Sarasota, FL 1
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2013
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 4843 Silvermoss Dr Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2013
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
  • 6726 W Country Club Ln Sarasota, FL 4
    • 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2000
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.20
    •  
  • 4961 Creekside Trl Sarasota, FL 5
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2002
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.16
    •  
PROPERTY LISTING DETAILS
Jonnie Dwyer
1.941.812.6283
Michael Saunders & Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483079
Last Updated: 11/09/2020
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