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1544 Heberling Ave North Port, FL 34288

3 Beds 2 Baths 1,232 sqft Built 1997

$250,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $202.92
  • 2 Days on Market
  • MLS # : C7438019
  • Updated Date : 01/30/2021 at 18:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,232 sqft
  • Baths : 2 full
Listing Agent

Re/max Palm Realty

Listing Agent's Description

We Have Multiple Offers, All Offers Due by 6pm Sunday (1/31/21, Sellers will make decision by 2/1/21 by 6pm, attached Highest and Best Addendum for buyers.....................Cute as a button 3/2/2 Pool Home in quiet North Port neighborhood. This darling home offers vaulted ceilings, plant shelving, updated kitchen with granite counters, self closing solid wood cabinets and newer stainless steel appliances. Open floor plan with views from the living room to the pool. French doors that lead to large covered lanai / patio, boasting 31 feet long. Allowing plenty of room for entertaining or just hanging out by the 13x25 Solar Heated fountain pool. Large master bedroom offers nice Berber Carpeting and plenty of room for furnishings. The yard has been tastefully landscaped with shrubbery and palm trees, storage shed is 8x12 and has electric, a perfect he/she shed. Roof, Water Heater and Stainless Steel Appliances were replaced in 2018. This home is centrally located to Shopping, Dining, Medical Facilities, Schools and with in a short drive to some of the Best Beaches in Florida. Clean and move in ready!!!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$868
Property Tax -$307
Property Insurance -$112
Property Management Fees -$129
CASH FLOW
$144

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.

$250,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.62%

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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$30,883

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $1,106

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2753$1,2854$1,4005$1,560
$1,560
RENT COMPS ANALYSIS
  • 1544 Heberling Ave North Port, FL 5
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.27
    •  
  • 1360 Oregon Ln North Port, FL 1
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.84
    •  
  • 1641 Justica St North Port, FL 2
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2005
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.84
    •  
  • 1383 S Chamberlain Blvd North Port, FL 3
    • 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.92
    •  
  • 2773 Jeannin Dr North Port, FL 4
    • 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
    •  
PROPERTY LISTING DETAILS
James Scraper
1.941.527.9718
Re/max Palm Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7438019
Last Updated: 01/30/2021
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