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7124 Prestwick Ct University Pk, FL 34201

3 Beds 3 Baths 2,212 sqft Built 1995

$449,900

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $203.39
  • 2 Days on Market
  • MLS # : A4490748
  • Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,212 sqft
  • Baths : 3 full
Listing Agent

Kw Suncoast

Listing Agent's Description

A very special lake view with lush tropical landscaping makes it your private oasis. This Windsor plan has been updated with new paint & completely renovated bathrooms, an updated kitchen with light kitchen cabinets, new granite countertops, and new appliances. The spacious eat-in kitchen has a window seat for your comfort and lots of counter space. One of a kind master bedroom overlooking the lake with a spacious walk-in closet and his and hers built-ins. The extended lanai and cage make it a great space to relax. Room for a pool. The oversized two-car garage will accommodate your golf cart as well. Its magnificent entry is your first hint of the high-quality lifestyle that awaits homebuyers in the University Park Country Club, where the beauty of the land takes precedence and top-quality homes are carefully placed in the natural environment, with many overlooking lakes, the golf course, or preserve areas. The community's lush landscaping emulates a botanical garden surrounded by the award-winning University Park Country Club. Here, challenging golf, tennis, and croquet are just a small part of the lifestyle that includes an active calendar of special events and numerous social activities. Convenience is also a hallmark of the University Park Country Club. Downtown Sarasota, University Town Center, the airport, and Lakewood Ranch are just minutes away, as are exciting new shopping and restaurant venues.

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

Zip Code: 34201

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k552k

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

Zip Code: 34201

ZipNIR Market*CityMarket20102015Year20082019 Q2140016001800200022002400260028003000Rent in $12943141

* 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
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$1,563
Property Tax -$486
Property Insurance -$172
HOA -$534
Property Management Fees -$129
CASH FLOW
$16

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.

$449,900

PROJECTED PRICE

$2,900

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 1.3%
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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$25,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,433

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,4004$2,4855$2,900
$2,900
RENT COMPS ANALYSIS
  • 7124 Prestwick Ct University Pk, FL 5
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.31
    •  
  • 7123 67th Ter E Bradenton, FL 1
    • 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 5825 Fairway Lakes Dr Sarasota, FL 2
    • 4 beds 2 baths ∙ 2,037 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,037 Sqft ∙ Built 1996
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
  • 7318 Windemere Ln University Park, FL 3
    • 3 beds 3 baths ∙ 2,262 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,262 Sqft ∙ Built 1999
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.06
    •  
  • 6915 Superior Street Cir Sarasota, FL 4
    • 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1995
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,485
    • $1.23
    •  
PROPERTY LISTING DETAILS
Marina Solo, Pa
1.941.960.6445
Kw Suncoast
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490748
Last Updated: 02/07/2021
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