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7187 Crown Dr 
Englewood, FL
34224
3 Beds 3 Baths 2,113 sqft
Built 2007
INVESTimate
$319,900
List Price
$90,524
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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $151.40
- 3 Days on Market
- MLS # : A4476192
- Updated Date : 08/25/2020 at 17:28
CONSTRUCTION
- Beds : 3
- Floor Size : 2,113 sqft
- Baths : 3 full
Listing Agent
Blakeley & Associates Realty
Listing Agent's Description
Privacy and elegance begin with the Bahama-shuttered entrance and screened landing of this custom-built residence. Step over the threshold, through the glass front door and into the living room with a vaulted ceiling. Interior pocket French doors with custom-carved wood trim, exude luxury as they define each space. All non-wet areas feature Brazilian hickory wood floors. To optimize natural sunlight, glass block has been strategically inset into exterior walls. The owner suite includes a grand bedroom, suitable for sizable furnishings, an ensuite bathroom and a luxurious caldarium with jetted tub. In 2012, an addition to the home was launched. It added a reading room (petit salon), a formal dining room, a home cinema room, the caldarium and a 1000 SF outdoor retreat. Stroll through the well-appointed living and dining rooms to the outdoor courtyard and you will be beguiled by this distinctive fresh-air living space. Three sets of glass French doors lead to the courtyard. One of the home's focal points, this outdoor sanctuary offers al fresco living for bistro dining, sunning and swimming (in the heated pool.) Forget the vulnerable pool cage - this haven is enveloped by a 6-ft privacy wall with two gates to the greenspace, dimmable globe lighting and a soothing water fountain - each setting the ambiance for any BBQ or soirée. This is NOT a deed-restricted neighborhood so large recreational toys are welcome. Numerous improvements include:exterior stucco refurbishment & painting 2019, an irrigation well, new 2019 HVAC, new aerobic treatment drain-field 2020, wood shelving in the garage. Ask for the full list. This home is 7 miles to quaint Englewood, Port Charlotte’s myriad shops and restaurants (11miles), kayaking trails, golf courses, open horseback riding trails (all within 7 miles), fresh water and salt water fishing and the iconic sandy beaches of Englewood and Manasota Key (within 14 miles.)
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Section 65
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Section 65
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$383 | |
| Property Insurance | -$162 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$75
|
||
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.
$319,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 10.13% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.00% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
4.58
YEARS SAVED
$17,564
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,796
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
7187 Crown Dr Englewood, 4
- 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,730
- $0.82
-
11052 Corrigan Ave Englewood, 1
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2005
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,200
- $0.64
-
11975 Henley Ave Port Charlotte, 2
- 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2006
LEASED 07/13/19- Rent
- Rent Per SQFT
- $1,550
- $0.83
-
12404 Appleberg Cir Port Charlotte, 3
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 2005
LEASED 09/15/19- Rent
- Rent Per SQFT
- $1,600
- $0.86
-
30 Fairway Rd Rotonda West, 5
- 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 1991
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,995
- $1.07
PROPERTY LISTING DETAILS
1.941.724.4996
Blakeley & Associates Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4476192
Last Updated: 08/25/2020
