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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $206.38
- 10 Days on Market
- MLS # : A4490698
- Updated Date : 02/10/2021 at 18:19
CONSTRUCTION
- Beds : 3
- Floor Size : 2,321 sqft
- Baths : 2 full
Listing Agent
The Sarasota Group
Listing Agent's Description
TurnKey- Over $100,000 in recent upgrades. New roof, central air, stainless appliances, granite, carpets, freshly painted, etc. Custom built, decorator furnished home in gated community of Bobcat Trail at Charlotte Harbor National Golf Club. Grand entrance, leaded glass double doors, paver walks, lanai, & driveway. Great room with octagonal 12 ft lighted tray ceiling, crown molding, built-in entertainment wall, surround sound, and fireplace. Disappearing walls of sliding glass open to huge lanai with heated swimming pool and waterfalls. Open floor plan has dining room with lighted tray ceiling, crown molding & wet bar. Breakfast area has large aquarium window with pool view. Kitchen features new stainless appliances, pull out shelves, glass doors, raised dishwasher, under cabinet lighting, gas range, refrigerator w/ ice and water, microwave, & pantry cabinets. Master suite with lighted tray ceiling opens to the pool with disappearing walls of glass. Master bath with Roman shower, Jacuzzi tub, dual vanities, footlights, huge walk in closet & dressing area. Laundry has washer, dryer, sink, built in cabinets, desk. Oversize 2.5 car garage w/ sink, cabinets, side entry golf cart door. Split floor plan, 2 guest bedrooms, bath, office or den, 9 ceiling fans, 10 pocket doors, 2 niches, Manabloc plumbing, no see-um screens, irrigation, separate well, humidistat, attic storage, intercom, lighted plant shelves, Sentricom, safe room, alarm, hurricane film windows & shutters. Optional golf membership.
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: Bobcat Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bobcat Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,664 |
| Property Tax | -$589 | |
| Property Insurance | -$178 | |
| HOA | -$8 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$58
|
||
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.
$479,000
PROJECTED PRICE
$2,510
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$132,685
LOAN DETAILS
$1,664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $119,750 |
| Loan Amount | $359,250 |
5.25
YEARS SAVED
$26,246
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,967
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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- $1,750
- $0.80
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1406 Glenan Rd North Port, FL 3
- 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2006
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,785
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2241 Boxwood St North Port, FL 4
- 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 2001
LEASED 09/29/20- Rent
- Rent Per SQFT
- $1,850
- $0.89
PROPERTY LISTING DETAILS
1.941.376.7575
The Sarasota Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4490698
Last Updated: 02/10/2021
