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7187 Crown Dr Englewood, FL 34224

3 Beds 3 Baths 2,113 sqft Built 2007

INVESTimate

$319,900

List Price

$1,730

$1,557 - $1,903

Rent Est.

$352,306  ( +10.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
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.)

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MARKET HIGHLIGHTS

  • 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

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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

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
$1,200
1$1,2002$1,5503$1,6004$1,7305$1,995
$1,995
RENT COMPS ANALYSIS
  • 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
Nicolette Owen Pfaff
1.941.724.4996
Blakeley & Associates Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4476192
Last Updated: 08/25/2020
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