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1650 Bobcat Trl North Port, FL 34288

3 Beds 3 Baths 2,581 sqft Built 2001

$419,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $162.34
  • 6 Days on Market
  • MLS # : C7435635
  • Updated Date : 11/18/2020 at 05:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,581 sqft
  • Baths : 3 full
Listing Agent

Re/max Palm Realty

Listing Agent's Description

Looking for an elegant estate home with entertaining and privacy in mind? Your guests will be envious of this meticulously maintained home! Its custom design is meant to accommodate your entertaining needs while appreciating the beauty and privacy this home offers. Foyer entry, tray ceilings, crown molding. A spectacular 8ftx8ft aquarium bay window accentuates the special view of the pool, spa and golf course landscape. Full sliders expand your living space allowing access from the living room to the spacious 32’x30’ screened lanai, pool and waterfall heated spa, with additional 10x12 outside dinette area AND additional 10x16 undercover seating area that’s all set up to install your outdoor kitchen. You will love the spacious master suite with crown molding, separate en-suite bath, double sink vanities, garden soaking tub, walk-in shower, private access to the lanai and pool/spa. The open well-equipped kitchen with plenty of cabinet space and a breakfast bar, has wood cabinets, stainless appliances, solid surface counter tops, walk in pantry closet, and built-in desk. The dinette area with aquarium dining windows has a view to the pool and golf course. Spacious formal dining room with garden French doors. This home would work well if you desire two master suites as bedroom 2 has easy access to its own full bath with walk-in shower. The split design has the guest bedrooms on the other side of the home and are private with easy access to the additional 2 separate guest bathrooms. A full-size laundry room with cupboards, utility sink. The yard is beautifully landscaped including irrigation system. The large 3 stall garage is 27ft deep x 22. Oversize brick paver driveway & garden entrance walkway. This home awaits your quiet romantic evenings. This active golf community boasts ample amenities with a clubhouse, onsite restaurant, community pool, fitness center, and inviting activity schedule. Centrally located with activities, beaches, baseball spring training & all the area's amenities.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Bobcat Trail

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k415k

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

Neighborhood: Bobcat Trail

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q210001200140016001800200022002400Rent in $9482505

* 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
 

$377,100$460,900$419,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$1,546
Property Tax -$515
Property Insurance -$194
HOA -$8
Property Management Fees -$80
CASH FLOW
$466

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.

$419,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 4.5%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$88,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,387

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,8003$2,810
$2,810
RENT COMPS ANALYSIS
  • 1650 Bobcat Trl North Port, FL 3
    • 3 beds 3 baths ∙ 2,581 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,581 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $1.09
    •  
  • 16874 Toledo Blade Blvd Port Charlotte, FL 1
    • 3 beds 2 baths ∙ 2,725 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,725 Sqft ∙ Built 2006
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 1292 W Hillsborough Blvd North Port, FL 2
    • 3 beds 2 baths ∙ 2,584 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,584 Sqft ∙ Built 2005
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.08
    •  
PROPERTY LISTING DETAILS
Robert Tine
1.941.740.2315
Re/max Palm Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7435635
Last Updated: 11/18/2020
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