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8010 Desoto Woods Dr Sarasota, FL 34243

3 Beds 2 Baths 1,905 sqft Built 2003

INVESTimate

$375,000

List Price

$2,250

$2,025 - $2,475

Rent Est.

$396,113  ( +5.63%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $196.85
  • 8 Days on Market
  • MLS # : O5879655
  • Updated Date : 08/21/2020 at 11:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,905 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Stunning Executive custom-built home in the highly sought after Enclave in Desoto Woods! You will fall in love with the beautiful quiet surroundings of this preserve wooded area. Highly functional open floor plan is perfect for entertaining. Kitchen WOWS with custom solid wood cabinetry, built in desk, breakfast bar with gourmet sink & stainless-steel appliances. This private setting offers plenty of room for a pool on one of the largest lots in this community. The luxurious Master Suite offers the perfect relaxing setting with soaking tub and large walk in shower or just relax by your private entrance to the lanai. Hurry! This opportunity will not last!!

SEE MORE

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

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
Braden River High School High Regular 1,999 90 6

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

Braden River High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 90
6
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,025$2,475$2,250

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$20k

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 $2,250
EXPENSES Loan Payment -$1,384
Property Tax -$409
Property Insurance -$153
HOA -$29
Property Management Fees -$80
CASH FLOW
$195

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.

$375,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 5.63%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$52,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,867

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,8003$2,0854$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 8010 Desoto Woods Dr Sarasota, 4
    • 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.18
    •  
  • 7569 Fairlinks Ct Sarasota, 1
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1991
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 8232 Cypress Lake Dr Sarasota, 2
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1985
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 5801 Fairwoods Cir Sarasota, 3
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1996
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,085
    • $1.04
    •  
  • 4634 Classique Dr Sarasota, 5
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1991
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
PROPERTY LISTING DETAILS
Anya Roberts
1.321.759.6699
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5879655
Last Updated: 08/21/2020
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