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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $168.72
- 5 Days on Market
- MLS # : U8107082
- Updated Date : 12/11/2020 at 14:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,333 sqft
- Baths : 2 full
Listing Agent
Realty Experts
Listing Agent's Description
Welcome home to your peaceful retreat away from the hectic city life but minutes from shopping, I75 and the Charlotte Harbor. This 3 bed 2 bath 2 car garage has a split floor plan, updated kitchen with beautifully done new granite countertops and white kitchen cabinets and easy to clean and maintain high end laminate flooring throughout. Walk out onto your back porch and enjoy the hottub, an evening campfire or simply the peace and quiet that this beautiful home provides. The home comes with a hardwired camera security system. As an added perk, a large fully enclosed chicken coop out the back yard will make the perfect home for your free range chickens!
SEE MORE
- #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
* 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 | $1,470 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$277 | |
| Property Insurance | -$118 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$117
|
||
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.
$224,900
PROJECTED PRICE
$1,470
PROJECTED RENT
0.65%
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
$65,349
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,225 |
| Loan Amount | $168,675 |
8.75
YEARS SAVED
$31,377
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,233
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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1619 Geranium Ave North Port, FL 4
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1641 Justica St North Port, FL 1
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- $1,275
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1383 S Chamberlain Blvd North Port, FL 2
- 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 3
- 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
-
1530 Minneapolis Ave North Port, FL 5
- 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
1.585.356.2197
Realty Experts
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8107082
Last Updated: 12/11/2020
