Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6953 Antigua Pl Sarasota, FL 34231

3 Beds 2 Baths 1,929 sqft Built 1968

$419,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $217.68
  • 2 Days on Market
  • MLS # : A4492764
  • Updated Date : 02/27/2021 at 14:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,929 sqft
  • Baths : 2 full
Listing Agent

Debbie Hering Realty & Assoc.

Listing Agent's Description

THIS IS THE ONE! Gulf Gate Gem on a great street & better than new! LOCATION-LOCATION-LOCATION!!! Excellent Curb Appeal and an absolute beautiful "2017 RENOVATION" consisting of the following: All new electrical system throughout the house (upgrade to 200 amp service & newer wiring, outlets, lighting fixtures, fans, etc.), newer sewer line, waterlines from trusses up, (water lines replaced '06), newer mechanical system (ductwork/humidistat/Bryant 3 Ton Legacy 16 Seer A/C/air handler, etc.), insulation throughout (batts over vault, blown cellulose everywhere else), Stainless Appliances, Hot Water Heater, CWS (Custom Window Systems) Low E 366 Insulated Hurricane Windows with lifetime warranty (excluding slider & 2 bay windows), window coverings, granite countertops in kitchen & guest bath. Split Plan with 3 Bedrooms, 2 Baths & a spacious side tucked 2 Car Garage. Open & Airy Floorplan with a Vaulted Ceiling in the Great Room, Ceiling Fans in almost every room, Washer & Dryer Included, Door Hardware replaced, Dimmers & Recessed Lighting in Great Room & Kitchen, & Much More (see attached detailed sheets). This home has double entry doors to a very welcoming floorplan and is unlike no other in Gulf Gate; the quality shows throughout! Ample closet space, wonderful neighbors & located on one of the nicest streets in the subdivision! Within minutes to World Famous Siesta Key Beaches, Legacy Trail, Costco, Movie Theaters, A+ School District, Gulf Gate Library, Gulf Gate Shops, Fine Restaurants & More. Only 20 mins. to cultural downtown Sarasota & St. Armands Circle. Make this one yours today but don't wait ... it simply won't last! EZ Show ... contact ShowingTime. Remember to view all of the attachments with warranties & work completed on the home! Wonderful Tenant in place and he departs 4/1/2021. Home to be Sold As Is with the right to inspect.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Gulf Gate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k323k

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

Neighborhood: Gulf Gate

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000Rent in $11472059

* 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
Gulf Gate Elementary School Primary Regular 753 53 7
Brookside Middle School Middle Regular 820 53 7
Riverview High School High Magnet 2,483 126 7

Gulf Gate Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 53
7
GreatSchools Rating

Brookside Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 53
7
GreatSchools Rating

Riverview High School

  • Education Level: High
  • # of students: 2,483
  • # of teachers: 126
7
GreatSchools Rating
 

$377,910$461,890$419,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,458
Property Tax -$392
Property Insurance -$154
HOA -$6
Property Management Fees -$129
CASH FLOW
$160

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.

$419,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.55%

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$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$45,225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,300

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,3004$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 6953 Antigua Pl Sarasota, FL 3
    • 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.19
    •  
  • 3047 Goodwater St Sarasota, FL 1
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1964
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
  • 3381 Markridge Rd Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1971
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.22
    •  
  • 6837 Roxbury Dr Sarasota, FL 4
    • 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 1969
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.24
    •  
  • 2545 Clipper Ship Way Sarasota, FL 5
    • 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 1962
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.23
    •  
PROPERTY LISTING DETAILS
Debbie Hering
1.941.320.1070
Debbie Hering Realty & Assoc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4492764
Last Updated: 02/27/2021
BESbswy