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2214 Amnesty Dr North Port, FL 34288

3 Beds 2 Baths 1,826 sqft Built 2006

$284,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $155.53
  • 4 Days on Market
  • MLS # : C7437933
  • Updated Date : 01/29/2021 at 16:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,826 sqft
  • Baths : 2 full
Listing Agent

Zwiercan Realty Inc

Listing Agent's Description

Gorgeous, freshwater canal home, 3 Bed / 2 Bath / + Den or Office / 2 Car Garage. This spacious home with high cathedral ceilings gives you a wonderful open living design. From the moment you step inside through the double entry glass doors, you know the owners take pride in their home. The open and spacious floor plan is very inviting. Porcelain tile throughout, Granite counter tops, new kitchen appliances, upgraded plumbing fixtures, and upgraded electrical fixtures throughout, large walk in closets in every bedroom, and french doors that lead to the Study/Den. The large covered lanai, with it's own private jacuzzi tub is the perfect place for your outdoor enjoyment. The exterior features a fenced in yard, beautiful mature landscaping, a new shed, gutters all around, a 30 amp RV connector, and gorgeous views of the freshwater canal. This home is located in a very quiet neighborhood, very close to great shopping, dinning, and minutes from I-75 or Tamiami Trail. Call and schedule a showing appointment, it will not last long!

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: 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
 

$255,600$312,400$284,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$986
Property Tax -$349
Property Insurance -$148
Property Management Fees -$129
CASH FLOW
-$23

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.

$284,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$81,010

INVESTMENT

$81,010

Down Payment
$71,000
Rehab Estimate
$5,750
Closing Costs
$4,260

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$986

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,000
Loan Amount $213,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$16,682

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5753$1,5904$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 2214 Amnesty Dr North Port, FL 3
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.87
    •  
  • 2266 Boxwood St North Port, FL 1
    • 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2003
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 1150 Knotty Pine Ave North Port, FL 2
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2005
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.85
    •  
  • 1791 Scarlett Ave North Port, FL 4
    • 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2005
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 2241 Boxwood St North Port, FL 5
    • 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
Yoel Rosell
1.941.266.5347
Zwiercan Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7437933
Last Updated: 01/29/2021
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