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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $136.17
- 3 Days on Market
- MLS # : A4484270
- Updated Date : 11/20/2020 at 09:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,388 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Great opportunity to own this well maintained 3 bedroom/2 bath home in the growing city of North Port. Featuring an open floor plan with split bedrooms, this home is perfect for everyday living and/or having guests. Recently upgraded plank flooring throughout the main areas of the home and all bedrooms makes for easy maintenance and looks great! Enjoy the spacious master bedroom featuring an en suite bathroom and walk-in-closet. Exterior features include oversized driveway, rain gutters, hurricane shutters, coach lights and a screened in front entry. Located on a quiet street just south of Price Boulevard, convenient to I-75, US 41, shopping, dining, golf courses, the new Braves Spring Training Stadium, fishing, local beaches, and area attractions. Priced to sell and move-in-ready!
SEE MORE
- 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)
- 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.
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 | $1,530 |
| EXPENSES | Loan Payment | -$697 |
| Property Tax | -$232 | |
| Property Insurance | -$121 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$399
|
||
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.
$189,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.81%
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
$55,835
LOAN DETAILS
$697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,250 |
| Loan Amount | $141,750 |
15.25
YEARS SAVED
$55,370
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,385
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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2275 Rushmore St North Port, FL 5
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2614 S San Mateo Dr North Port, FL 1
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- $1,200
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1722 Boswell St North Port, FL 2
- 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 2006
LEASED 12/10/19- Rent
- Rent Per SQFT
- $1,299
- $1.04
-
2163 S San Mateo Dr North Port, FL 3
- 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1997
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,300
- $1.05
-
2015 Switzerland Rd North Port, FL 4
- 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2006
LEASED 06/09/19- Rent
- Rent Per SQFT
- $1,495
- $0.91
PROPERTY LISTING DETAILS
1.347.266.2505
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4484270
Last Updated: 11/20/2020
