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1431 Napoleon Rd North Port, FL 34288

3 Beds 2 Baths 1,212 sqft Built 2004

$209,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $173.18
  • 3 Days on Market
  • MLS # : C7437053
  • Updated Date : 01/08/2021 at 09:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,212 sqft
  • Baths : 2 full
Listing Agent

Re/max Anchor Realty

Listing Agent's Description

**PLEASE TAKE A WALK THROUGH YOUR NEW HOME WITH THE 3D INTERACTIVE VIRTUAL TOUR** Your search is over! This wonderfully well maintained 3 bedroom, 2 bathroom home is situated in the heart of North Port and is just waiting on YOU! Upon entering, you will love the spacious feeling that comes from the vaulted ceilings in the Great Room, and the free flowing, split Bedroom floor plan that offers plenty of space for your entire family. Ceramic tile flooring throughout the main living areas making cleaning easy and pet friendly. The cute kitchen has been remodeled, and features: plant shelves, plenty of cabinet and counter space, closet pantry, and all Stainless Steel appliances are included in the sale! The cabinets have beautiful decorative crown molding and there is a large island with breakfast bar for even more additional storage and seating options that overlooks your Great Room so that you can engage in all the conversations from every room! The cozy breakfast nook is the picture perfect spot to open up the French Doors and allow in the moring breeze while sipping on your morning cup of coffee. The guest quarters are on the opposite side of the home and feature private closets, ceiling fans, windows and updated plank tile floors. The guest bathroom includes a tub/shower combo, vanity and toilet. The master suite is good sized and features a ceiling fan, walk-in-closet and en-suite master bath. An attached screened in lanai is great for grilling and entertaining. The oversized backyard oasis is peaceful so you can relax and enjoy the weather while listening to the birds chirp and watch the wildlife frolic. There is plenty of room for a pool too! This home is centrally located, close to shopping, I-75, great schools, new library, the Cocoplum shopping plaza, restaurants, schools, and the new Brave's Baseball Stadium - but wait there's more -- JUST A SHORT 20-minute drive to our beautiful Gulf Beaches. This AFFORDABLE home will not last long, call us for your private showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k297k

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

Neighborhood: North Port Charlotte

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q210001100120013001400150016001700180019002000Rent in $9362041

* 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
Toledo Blade Elementary School Primary Regular 742 56 6
Woodland Middle School Middle Regular 857 50 7
North Port High School High Regular 2,315 119 6

Toledo Blade Elementary School

  • Education Level: Primary
  • # of students: 742
  • # of teachers: 56
6
GreatSchools Rating

Woodland Middle School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 50
7
GreatSchools Rating

North Port High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 119
6
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$729
Property Tax -$258
Property Insurance -$110
Property Management Fees -$129
CASH FLOW
$384

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.

$209,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

14.42

YEARS SAVED

$49,056

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $1,173

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,315
1$1,3152$1,4003$1,4504$1,4755$1,610
$1,610
RENT COMPS ANALYSIS
  • 1431 Napoleon Rd North Port, FL 5
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.33
    •  
  • 1097 N Chamberlain Blvd North Port, FL 1
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1995
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,315
    • $0.94
    •  
  • 2773 Jeannin Dr North Port, FL 2
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2005
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
  • 1506 Kew Gardens Ave North Port, FL 3
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 2006
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 1530 Minneapolis Ave North Port, FL 4
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 2003
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jason Ester
1.941.376.6626
Re/max Anchor Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7437053
Last Updated: 01/08/2021
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