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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $142.46
- 2 Days on Market
- MLS # : C7437779
- Updated Date : 01/23/2021 at 11:23
CONSTRUCTION
- Beds : 3
- Floor Size : 2,035 sqft
- Baths : 2 full
Listing Agent
Allison James Estates & Homes
Listing Agent's Description
Beautiful and in pristine move-in condition ...this home is in a desirable area of North Port and only a short distance to all amenities. From the minute you walk into this home, you will see the care and attention to every detail. The open floor plan allows smooth transition from one room to another. The bright kitchen has a breakfast bar, pantry and a seperate dinette area. The oversized master bedroom shares his/her walk-in closets, dual vanity/sinks, luxurious garden tub, shower and separate water closet area. There is a covered and screened lanai. Backyard is enclosed with chain link fencing making it perfect for dog lovers. Florida landscaping all around the home completes the perfectly wonderful setting. Want to be close to the beaches? Only 20-30 minutes from Englewood, Manasota and Venice beaches. If you are looking for a home that has easy access ability to I-75, Sarasota, and Fort Myers, you have found it. This home has LOCATION, COMFORT & CONVENIENCE.
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 | $1,710 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$356 | |
| Property Insurance | -$161 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$57
|
||
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.
$289,900
PROJECTED PRICE
$1,710
PROJECTED RENT
0.59%
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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
6.92
YEARS SAVED
$24,269
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,709
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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1273 Nackman Rd North Port, FL 3
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1262 Fitzgerald Rd North Port, FL 1
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- $1,500
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-
1128 New London St North Port, FL 4
- 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2007
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,800
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-
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
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,900
- $0.91
PROPERTY LISTING DETAILS
1.941.400.0725
Allison James Estates & Homes
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: C7437779
Last Updated: 01/23/2021
