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7210 36th Ct E Sarasota, FL 34243

4 Beds 3 Baths 2,333 sqft Built 1998

$390,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $167.17
  • 3 Days on Market
  • MLS # : A4488203
  • Updated Date : 01/15/2021 at 14:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,333 sqft
  • Baths : 3 full
Listing Agent

Preferred Shore

Listing Agent's Description

Bring your swimsuits! This meticulously maintained 4 bedroom, 3 bath, pool home is now available. Walk through the double front entry doors and you will be greeted with the wide open floor plan offering tons of natural light. Look straight out the back sliding doors to the pool, complete with waterfall, and a large lanai for relaxing or entertaining. The backyard is also fenced in allowing plenty of privacy. This home offers a split bedroom plan with master suite encompassing the whole left side of the home. The en suite is complete with dual vanities, garden soak tub, separate shower and water closet as well as walk in closets. The master also opens directly onto the lanai for that late night dip in the pool. Throughout the home you will find muted tones and lots of windows and doors to allow in that natural light. The kitchen has wood cabinets, granite counter tops, plant shelves, a large food pantry and a complete appliance package. A breakfast bar makes grabbing a bite to eat easy. Three other bedrooms along with 2 more bathrooms can be found off the large family room. An inside laundry room and a 2 car garage finishes off the space, offering that much needed work and storage space. This community also offers a pool and tennis courts for your enjoyment.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 34243

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k319k

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

Zip Code: 34243

ZipNIR Market*CityMarket20102015Year20082019 Q21200130014001500160017001800190020002100Rent in $11792164

* 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
Kinnan Elementary School Primary Regular 656 41 3
Braden River Middle School Middle Regular 977 56 5
Southeast High School High Regular 1,457 68 5

Kinnan Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 41
3
GreatSchools Rating

Braden River Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 56
5
GreatSchools Rating

Southeast High School

  • Education Level: High
  • # of students: 1,457
  • # of teachers: 68
5
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,355
Property Tax -$426
Property Insurance -$179
HOA -$41
Property Management Fees -$129
CASH FLOW
$130

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.

$390,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$38,331

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,281

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$2,1253$2,2604$2,3005$2,395
$2,395
RENT COMPS ANALYSIS
  • 7210 36th Ct E Sarasota, FL 3
    • 4 beds 3 baths ∙ 2,333 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,333 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.97
    •  
  • 7214 38th Ct E Sarasota, FL 1
    • 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 1992
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.86
    •  
  • 3718 72nd Ter E Sarasota, FL 2
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 1996
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $1.07
    •  
  • 4452 Sage Green Ter Sarasota, FL 4
    • 3 beds 4 baths ∙ 2,323 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,323 Sqft ∙ Built 2017
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 3607 65th Ave E Sarasota, FL 5
    • 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2005
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.99
    •  
PROPERTY LISTING DETAILS
Michelle Ward
1.941.920.2460
Preferred Shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488203
Last Updated: 01/15/2021
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