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1895 Snover Ave North Port, FL 34286

3 Beds 2 Baths 1,814 sqft Built 2004

$299,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $165.33
  • 3 Days on Market
  • MLS # : A4483099
  • Updated Date : 11/06/2020 at 23:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,814 sqft
  • Baths : 2 full
Listing Agent

Real Re Group Llc

Listing Agent's Description

Live luxuriously in North Port! Beautifully located on 0.22-acres, this 3BR/2BA, 1,814sqft renovated home cheerfully emanates Floridian vibes with brilliant landscaping, swaying palm trees, and Mediterranean architectural influences. Windemere Homes Built Ashwood model. Once inside the completely remodeled home (Oct. 2020), you notice gleaming white porcelain 24 x24 tile floors, high 9.4’ ceilings, a chic color palette, and an open floor plan. Explore to find a sizeable living room and a family room which flow into a gourmet kitchen featuring stainless steel appliances, a new stainless-steel refrigerator, quartz countertops, expansive island w/seating, custom backsplash, stunning 42” wood shaker cabinetry, and breakfast nook! For relaxation, two sets of sliding glass doors lead to the massive lanai and pool. Enjoy drinks by the resurfaced pool w/brick paver surround, while the kiddos play and frolic! Spend restful evenings in the blissful master bedroom. Featuring a spa-like and fully renovated en suite, you can enjoy the expansive glass-enclosed shower or relish in the dual sink storage vanity. All additional bedrooms are generously sized, include dedicated closets, and share a posh remodeled bathroom! Other features: attached 2-car garage, interior laundry room, premium finishes throughout, formal dining room, Edison-inspired light fixtures, new pool pump, private fenced-in backyard, NOT in a flood zone, tons of storage, close to schools, restaurants, and shopping, and so much more! Schedule your private showing today!*** Multiple offers situation highest and best due on Sunday 11/08/2020 at 7 pm***

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,107
Property Tax -$369
Property Insurance -$147
Property Management Fees -$80
CASH FLOW
$97

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.

$299,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.60%

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$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$34,567

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4753$1,6954$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 1895 Snover Ave North Port, FL 4
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 1698 N Lavina St North Port, FL 1
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
  • 1739 Lansdale Ave North Port, FL 2
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2007
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 1666 Boca Chica Ave North Port, FL 3
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2004
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 1233 Andalusia St North Port, FL 5
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2004
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lidiya Korzhuk, Pa
1.941.661.5767
Real Re Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483099
Last Updated: 11/06/2020
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