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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $136.15
- 5 Days on Market
- MLS # : A4484949
- Updated Date : 12/04/2020 at 12:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,762 sqft
- Baths : 2 full
Listing Agent
Keller Williams Classic Group
Listing Agent's Description
Don't miss out on this great three bedroom, two bath home! This spacious home offers over 1,700 square feet of living space! Natural light fills the home highlighting the open and airy living areas. The roomy kitchen provides plenty of counter space for cooking and numerous cabinets for storage. A split living floor plan offers privacy for everyone. On one side of the house is the master suite featuring a wide double sink vanity, and a large walk-in closet. On the other side of the home are two generous spare bedrooms with access to a shared guest bathroom. Clean and well-kept, this home offers a neutral color palette, perfect for adding your personal touches! Entertaining in this space is ideal and can easily flow out to the backyard patio which features a wooded view. This home is move-in ready, with no detail left undone. The home also features a new a/c system! This home will not last long, schedule your private tour today!
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: 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 | $1,650 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$295 | |
| Property Insurance | -$144 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$197
|
||
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.
$239,900
PROJECTED PRICE
$1,650
PROJECTED RENT
0.69%
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
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
10.25
YEARS SAVED
$41,386
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,639
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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- $1,700
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1618 Purple Ln North Port, FL 5
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LEASED 10/31/20- Rent
- Rent Per SQFT
- $1,700
- $0.96
PROPERTY LISTING DETAILS
1.941.587.9122
Keller Williams Classic Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4484949
Last Updated: 12/04/2020
