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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $121.78
- 3 Days on Market
- MLS # : U8113866
- Updated Date : 02/20/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,970 sqft
- Baths : 2 full
Listing Agent
Weichert, Realtors - Equity
Listing Agent's Description
Block home in great location! Spacious 3 bedroom, 2 bath split floorplan home has 1970 sq/ft of open living space which includes a large living room with tray ceiling and a kitchen with plenty of cabinets and counter space plus 2 bars (one towards living room and the other faces dining room). The master bedroom with tray ceiling and ceiling fan has a nice walk-in closet and the en suite bath has a large vanity with double sinks, garden tub and separate shower with glass enclosure. The remaining 2 bedrooms are comfortable in size and the bath has plenty of counterspace and combination tub/shower. A separate laundry room with overhead shelving allows you to throw a load in, shut the door behind you and not worry about laundry being spread throughout the house. The screened in back porch overlooks the fenced in backyard with trees which will provide a nice shady spot to sit on those hot summer days. Property backs up to North Port Park, playground and ball field. Set aside time to see this one today!
SEE MORE
- 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)
- 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)
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 | $1,590 |
| EXPENSES | Loan Payment | -$833 |
| Property Tax | -$300 | |
| Property Insurance | -$157 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$171
|
||
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.
$239,900
PROJECTED PRICE
$1,590
PROJECTED RENT
0.66%
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
$69,324
LOAN DETAILS
$833
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
9.5
YEARS SAVED
$32,134
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,630
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
1128 New London St North Port, FL 3
- 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $0.81
-
1262 Fitzgerald Rd North Port, FL 1
- 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2007
![property image]()
LEASED 02/25/20- Rent
- Rent Per SQFT
- $1,400
- $0.76
-
1248 Atwater Dr North Port, FL 2
- 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2006
![property image]()
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,450
- $0.81
-
5492 Douglas Rd North Port, FL 4
- 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,217 Sqft ∙ Built 2005
![property image]()
LEASED 01/27/21- Rent
- Rent Per SQFT
- $1,850
- $0.83
-
1622 Boswell St North Port, FL 5
- 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 2007
![property image]()
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,900
- $0.91
PROPERTY LISTING DETAILS
1.727.410.7064
Weichert, Realtors - Equity
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8113866
Last Updated: 02/20/2021
