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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $136.43
- 3 Days on Market
- MLS # : T3286018
- Updated Date : 01/22/2021 at 12:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,979 sqft
- Baths : 2 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Welcome home to this stunner of a property! Artistically updated and lovingly maintained with the perfect open, circular floor plan for entertaining family and friends. Kitchen opens to family room with cathedral ceilings and views of the lush backyard. Updated lighting and ceiling fans, new gutters, newer appliances, new carpet in bedrooms, new exterior shutters and new drapery and blinds makes this home shine! Split floor plan with large master suite on one side of the house and 2 bright secondary bedrooms on the other. Enjoy evenings on the screened in lanai. Don't miss this perfect combination of location, condition and price and schedule a showing today!
SEE MORE
- 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
Neighborhood: North Port Charlotte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Port Charlotte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$332 | |
| Property Insurance | -$157 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$64
|
||
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.
$270,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 9.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
7.17
YEARS SAVED
$23,632
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,652
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1114 Amnesty Dr North Port, FL 4
- 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,620
- $0.82
-
1560 Maile St North Port, FL 1
- 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2005
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.78
-
2266 Boxwood St North Port, FL 2
- 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2003
![property image]()
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,500
- $0.82
-
1150 Knotty Pine Ave North Port, FL 3
- 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2005
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,575
- $0.85
-
2241 Boxwood St North Port, FL 5
- 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 2001
![property image]()
LEASED 09/29/20- Rent
- Rent Per SQFT
- $1,850
- $0.89
PROPERTY LISTING DETAILS
1.720.201.5532
Redfin Corporation
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3286018
Last Updated: 01/22/2021
