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7146 Rosemont Dr Englewood, FL 34224

3 Beds 2 Baths 1,274 sqft Built 1985

$242,700

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $190.50
  • 2 Days on Market
  • MLS # : D6116467
  • Updated Date : 02/13/2021 at 14:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,274 sqft
  • Baths : 2 full
Listing Agent

Paradise Exclusive Inc

Listing Agent's Description

NO HOA, X-FLOOD ZONE, DOUBLE LOT almost 1/2 an acre, FURNISHED AND ON 160 FEET of FRESH WATER . This 3 bedroom, 2 bathroom home is ready for the new owners. Move in the day you close and have your furniture there since this home comes furnished. Roof was redone in 2018, septic emptied in 2015, impact windows installed in 2005. Walking in the front door the living room is open and bright with amazing windows. Master bedroom on one side of the home with good closet space and a master bathroom with a nice amount of storage and pocket door to shower area. The other two bedrooms are on the opposite side of the home and share the guest bathroom. The kitchen has a nice eat at bar area and room for the dining table and a generous size pantry. Just off the kitchen there is a nook area that can be used as a dinette or work space area. The lanai is as long as the house and has sliding windows made of vinyl for year round use. Sit and watch all the wildlife from your amazing screen in lanai or sit in the swing being left with the house down by the freshwater creek. Gutters installed on home, hurricane shutter in garage. Lawn equipment, leather couch and blue patio chairs do not convey, everything else stays with the home. Less than 7 miles to Englewood Beach, 1 mile to grocery store, 2 miles to elementary school, just over 2 miles to middle school and 5 miles to high school. This home really is centrally located to so much and yet provides space and room to grow!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Section 64

NeighborhoodNIR Market*City2018Year2016 Q32019120k130k140k150k160k170k180k190kPrice in $119k199k

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

Neighborhood: Section 64

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21150120012501300135014001450150015501600165017001750Rent in $11481780

* 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
 

$218,430$266,970$242,700

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$843
Property Tax -$291
Property Insurance -$112
Property Management Fees -$129
CASH FLOW
$336

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.

$242,700

PROJECTED PRICE

$1,710

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.2%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,066

INVESTMENT

$70,066

Down Payment
$60,675
Rehab Estimate
$5,750
Closing Costs
$3,641

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$843

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,675
Loan Amount $182,025
See What Happens When You Reinvest Cash Flow

12.67

YEARS SAVED

$49,202

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $1,048

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$750
1$7502$8503$1,3254$1,3955$1,710
$1,710
RENT COMPS ANALYSIS
  • 7146 Rosemont Dr Englewood, FL 5
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.34
    •  
  • 7113 Bougainvillea St Englewood, FL 1
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1995
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $750
    • $0.60
    •  
  • 7122 Sunnybrook Blvd Englewood, FL 2
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1994
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.64
    •  
  • 9116 Castlehill Ave Englewood, FL 3
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.10
    •  
  • 7009 Mamouth St Englewood, FL 4
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
PROPERTY LISTING DETAILS
Janet Shawen, Pa
1.941.882.2398
Paradise Exclusive Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: D6116467
Last Updated: 02/13/2021
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