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1861 Bobcat Trl North Port, FL 34288

3 Beds 3 Baths 2,463 sqft Built 2006

$480,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $194.88
  • 6 Days on Market
  • MLS # : C7438426
  • Updated Date : 02/11/2021 at 13:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,463 sqft
  • Baths : 3 full
Listing Agent

Re/max Palm Pcs

Listing Agent's Description

SALTWATER HEATED POOL with spa IMMACULATE custom Fero built beauty overlooking the GOLF COURSE with LONG VIEWS of the 3rd green and 4th tee with POND VIEWS AS WELL!!! WOWZA!!! SUNSET VIEWS!! Located in the gated golfing community of Bobcat Trail! From the moment you walk in this 2006 home you will be stunned with the the high ceilings, immediate pool and golf course views thanks to the zero degree sliders, arched entryways, rounded corners, lighted tray ceilings, accent shelving with outlets throughout, an inside laundry room and the grand formal dining room with decorator columns and coffered tray ceiling! The kitchen flaunts granite counters, vaulted ceiling, impeccable solid cherry wood cabinetry, tumble stone backsplash, a large breakfast bar and dinette overlooking the pool! The zero degree sliders allow for expansive and unobstructed views of the outdoors!! The large pool deck has abundant space to entertain in the sunshine or under the covered deck for relaxation, showcasing 2 waterfall features for ambiance, roll down hurricane shutters (half are hand crank the other half automatic), pool bathroom access plus ample sliders leading into one of the guest bedrooms, the formal living room, the dinette and French doors to the master bedroom. The master suite boasts 2 large walk-in closets, crown molding, accent glass block window for natural lighting, French doors to the pool and an en-suite bathroom with dual sinks, vanity seating area, private commode, garden tub and a walk-in shower. The 3 car garage is perfect for all of your vehicles and golf cart too! NOT IN A FLOOD ZONE and low ANNUAL HOA fees of $100!! Bobcat Trail is a deed restricted, gated community with country club living featuring a beautiful championship 18 hole 4 1/2 star rated Bob Tway designed Charlotte Harbor National Golf Club and clubhouse. Other amenities include a year-round heated community pool, tennis court and a community center fully equipped exercise room. Bobcat Trail is not only a great place to kick back and relax, but a fabulous place to take advantage of the numerous activities planned for those folks that enjoy an active lifestyle too!

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
 

$432,000$528,000$480,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$1,667
Property Tax -$590
Property Insurance -$187
HOA -$8
Property Management Fees -$129
CASH FLOW
$368

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.

$480,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.61%

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$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$69,414

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,983

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,8504$2,1005$2,950
$2,950
RENT COMPS ANALYSIS
  • 1861 Bobcat Trl North Port, FL 5
    • 3 beds 3 baths ∙ 2,463 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,463 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.20
    •  
  • 3466 Mayflower Ter North Port, FL 1
    • 4 beds 2 baths ∙ 2,127 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,127 Sqft ∙ Built 2006
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 1637 Saracen Ln North Port, FL 2
    • 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 2006
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 3516 Winer Rd North Port, FL 3
    • 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2007
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 16874 Toledo Blade Blvd Port Charlotte, FL 4
    • 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
    •  
PROPERTY LISTING DETAILS
Barbara Brooks
1.941.286.8669
Re/max Palm Pcs
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7438426
Last Updated: 02/11/2021
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