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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $167.16
- 6 Days on Market
- MLS # : C7436874
- Updated Date : 01/13/2021 at 16:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,153 sqft
- Baths : 2 full
Listing Agent
Dalton Wade, Inc.
Listing Agent's Description
Remodeled in 2018 and presented in impeccable condition, this is a stylish and elegant residence like no other. The layout is centered around an open-concept and light-filled great room, tall pitched ceiling and large windows that frame views over the backyard. Cooking and entertaining will be a joy in the remodeled kitchen with a 10-foot granite island, quality appliances and an abundance of storage. The comfortable 2,153sqft layout also boasts four good-size bedrooms and two baths along with an office for those who work from home. Granite vanities and tiled shower walls are on offer in the bathrooms while the long list of updates also includes new tile flooring throughout, air-conditioning (2016) and a whole-home reverse osmosis system. You are sure to love the good-size fully fenced yard with a saltwater heated pool and patio added in 2016. For absolute convenience and peace of mind, the two-car side-entry garage provides secure vehicle storage. Make your appointment to see this beauty in person or take advantage of the virtual walk through. This home is sure to impress!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Port Charlotte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$443 | |
| Property Insurance | -$168 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$30
|
||
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.
$359,900
PROJECTED PRICE
$2,020
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
6.33
YEARS SAVED
$26,392
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,663
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
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2169 Sparkle Ln North Port, FL 5
- 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2005
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- Rent Per SQFT
- $2,020
- $0.94
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2673 Vizza Ln North Port, FL 1
- 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2006
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,500
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-
3008 Sagebloom Ter North Port, FL 2
- 3 beds 2 baths ∙ 2,247 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,247 Sqft ∙ Built 2006
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,625
- $0.72
-
2831 Ashland Ln North Port, FL 3
- 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2007
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,650
- $0.82
-
3466 Mayflower Ter North Port, FL 4
- 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
PROPERTY LISTING DETAILS
1.941.815.3461
Dalton Wade, Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: C7436874
Last Updated: 01/13/2021
