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1836 Coconut Palm Cir North Port, FL 34288

4 Beds 3 Baths 2,709 sqft Built 2001

$489,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $180.51
  • 6 Days on Market
  • MLS # : C7437808
  • Updated Date : 01/28/2021 at 13:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,709 sqft
  • Baths : 3 full
Listing Agent

Compass Florida

Listing Agent's Description

PREMIER GOLF COURSE COMMUNITY! Custom-built 4/3/3 + den Arthur Rutenberg pool home located on the 7th hole of BOBCAT TRAIL! Enjoy serene golf course views from the lanai with two covered areas plus screened pool and waterfall spa. This impressive home offers 2,700 sq. ft. of living area, crown molding, wood plank and tile flooring, neutral décor, an abundance of natural light with sliders throughout, aquarium window in dining nook and fabulous views from family room. Living room features beautiful, tumbled onyx fireplace which flows through to the well-appointed kitchen with large center island and breakfast bar, solid wood cabinetry and stainless appliances. Generous master suite opens to pool and features his and hers walk-in closets and private ensuite with dual sinks, garden bath and custom walk-in shower. Additional features include three great size guest bedrooms, two separate updated baths, inside utility, oversized lot, 3-car garage, well for irrigation, hurricane protection plus A/C and hot water heater replaced in 2019, Meticulously maintained with pride in ownership. Bobcat Trail amenities include community center with social events and fitness room, year-round heated pool, tennis courts, recreation facilities and 18-hole Bob Tway designed championship golf course. Friendly community located in the heart of North Port close to restaurants, shopping, schools and just a short drive north to Sarasota, south to Charlotte Harbor or downtown historic Punta Gorda and to SWFL award winning beaches. Don’t miss this opportunity! Call for your private showing today!

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: 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
 

$440,100$537,900$489,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$1,698
Property Tax -$601
Property Insurance -$202
HOA -$13
Property Management Fees -$129
CASH FLOW
$376

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.

$489,000

PROJECTED PRICE

$3,020

PROJECTED RENT

0.62%

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,698

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$70,568

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,149

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$2,1003$2,8004$3,020
$3,020
RENT COMPS ANALYSIS
  • 1836 Coconut Palm Cir North Port, FL 4
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $1.11
    •  
  • 1711 Naftal Rd North Port, FL 1
    • 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.53
    •  
  • 16874 Toledo Blade Blvd Port Charlotte, FL 2
    • 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 3
    • 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
Brian Helgemo
1.941.205.8478
Compass Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7437808
Last Updated: 01/28/2021
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