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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $205.36
- 5 Days on Market
- MLS # : U8109069
- Updated Date : 01/08/2021 at 18:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,884 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Residential
Listing Agent's Description
Welcome to this beautiful home in The Trails! This 3 bedroom,2 bath, 2 car garage home is well appointed and great for entertaining. This inviting home is has a tile roof, wooded private back yard and screened in lanai with a working hot tub for your enjoyment. There is split bedroom floor plan and the Master bedroom has an en suite bath with garden tub, separate shower, dual vanity sinks and walk in closets. Sliding glass doors lead out to the hot tub on the lanai. The kitchen has granite counters tops, features a breakfast nook and open concept to the family room with sliding doors accessing the lanai. This is a well established community with a pool, tennis courts and location close to shopping, dining, schools, parks and recreation. Make your appointment today!!
SEE MORE
- 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: 34243
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34243
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,344 |
| Property Tax | -$422 | |
| Property Insurance | -$152 | |
| HOA | -$41 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$78
|
||
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.
$386,900
PROJECTED PRICE
$2,010
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,279
LOAN DETAILS
$1,344
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,725 |
| Loan Amount | $290,175 |
4.75
YEARS SAVED
$19,000
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$2,185
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
7145 42nd Ct E Sarasota, FL 1
- 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1993
![property image]()
- Rent
- Rent Per SQFT
- $2,010
- $1.07
-
7432 39th Ct E Sarasota, FL 2
- 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2001
![property image]()
LEASED 10/10/20- Rent
- Rent Per SQFT
- $2,100
- $1.24
-
3718 72nd Ter E Sarasota, FL 3
- 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 1996
![property image]()
LEASED 07/25/20- Rent
- Rent Per SQFT
- $2,125
- $1.07
-
7226 35th Ln E Sarasota, FL 4
- 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2011
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,300
- $1.22
-
3715 65th Ave E Sarasota, FL 5
- 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 2006
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,300
- $1.11
PROPERTY LISTING DETAILS
1.727.644.9387
Coldwell Banker Residential
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8109069
Last Updated: 01/08/2021
