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7081 Plantation St Englewood, FL 34224

3 Beds 2 Baths 1,720 sqft Built 1984

$309,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $179.65
  • 2 Days on Market
  • MLS # : C7437198
  • Updated Date : 01/10/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,720 sqft
  • Baths : 2 full
Listing Agent

Re/max Anchor Of Marina Park

Listing Agent's Description

Feel welcomed home every time you arrive to this bright and airy pool home located in the beautiful East Englewood neighborhood. This spacious 1,720 sq. ft. home offers 3-bedrooms, 2-bathrooms, 2-car garage and has been completely renovated and is ready for you to move in. Beautifully landscaped yard providing great curb appeal greets you as you approach your new home with 19x6 covered front porch area. Featuring a split/semi-open floor plan with the living room open to the dining room and views out to the pool area, soaring ceilings and new vinyl plank flooring throughout. The all new gourmet kitchen is a chef's delight with stainless steel appliances, granite counter-tops with matching tiled back-splash and hard wood cabinets. Kitchen is open to the inviting family room with sliders out to the pool/lanai area. Master suite with large walk-in closet and updated en suite bath boasting comfort height vanity with granite counter top, his/her sink area and stunning walk-in tiled shower. The guest suite features two spacious guest bedrooms and access to a full guest bathroom with pool access. Step outside and enjoy the outdoors in your screened in lanai/pool area that includes new pool equipment and over-sized pool cage. The new fenced in backyard is perfect for pets and kids on the run along with a 18x14 block patio great for a fire pit, grill or hammock. The 2-car garage with new garage door and opener has laundry area, utility sink and plenty of storage room. Home also features all new ceiling fans, faux wood blinds, plywood shutters, new septic tank, new electric panel, freshly painted inside and out, new roof and two new sheds for extra storage. Great location within minutes of Englewood and Boca Grande beaches, golf courses, great restaurants, entertainment, shopping and more.

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: Section 65

NeighborhoodNIR Market*City2018Year2016 Q32019120k130k140k150k160k170k180k190kPrice in $119k199k

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

Neighborhood: Section 65

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21150120012501300135014001450150015501600165017001750Rent in $11481755

* 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
Myakka River Elementary School Primary Regular 515 35 5
L. A. Ainger Middle School Middle Regular 775 41 6
Lemon Bay High School High Regular 1,268 62 7

Myakka River Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 35
5
GreatSchools Rating

L. A. Ainger Middle School

  • Education Level: Middle
  • # of students: 775
  • # of teachers: 41
6
GreatSchools Rating

Lemon Bay High School

  • Education Level: High
  • # of students: 1,268
  • # of teachers: 62
7
GreatSchools Rating
 

$278,100$339,900$309,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,073
Property Tax -$370
Property Insurance -$138
Property Management Fees -$129
CASH FLOW
$490

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$309,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 8.00%
Vacancy 3.00%
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$30k

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$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,073

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$67,717

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,774

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,6004$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 7081 Plantation St Englewood, FL 2
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.28
    •  
  • 10204 Deerwood Ave Englewood, FL 1
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1989
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
  • 7451 Regina Dr Englewood, FL 3
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1993
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.59
    •  
  • 6460 Blueberry Dr Englewood, FL 4
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1997
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.73
    •  
  • 7084 Sea Mist Dr Port Charlotte, FL 5
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1988
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.95
    •  
PROPERTY LISTING DETAILS
Christopher Grant
1.941.205.2004
Re/max Anchor Of Marina Park
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7437198
Last Updated: 01/10/2021
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